Home / Knowledge / News / Manufacturing employment falls
Manufacturing employment falls
05
Jan '08
The U.S. government reported that the United States lost another 31,000 manufacturing jobs in December in addition to the 13,000 lost in November. For the year 2007, the United States lost 212,000 manufacturing jobs.

Seasonally adjusted U.S. manufacturing employment now stands at 13.919 million. 2007 also marks the first year that U.S. manufacturing employment has fallen below 14 million since 1950.

"The growing U.S. trade deficit with China in goods is a major cause of the job losses," said American Manufacturing Trade Action Coalition (AMTAC) Executive Director Auggie Tantillo. The U.S. is on pace to run a trade deficit with China of approximately $265 billion in 2007.

Because the United States is expected to run a small trade surplus with China in services, the entire U.S. trade deficit with China will result from imports of goods.

"To stop manufacturing job losses, the United States must stop China from cheating on trade," Tantillo continued.

"U.S. manufacturers play by the rules; we pay decent wages, provide health care benefits, and respect the environment. China, however, manipulates its currency, rebates VAT taxes on exports, pollutes at will, and condones Third World wages and working conditions. How can U.S. manufacturers be expected to compete when China doesn't play by the rules at all," Tantillo questioned.

"The Unites States has an obligation to its manufacturers to hold China accountable when it cheats. That's why Congress immediately should pass strong legislation to address the currency manipulation and VAT unfairness issues. Without passage of these bills, the prospects of long-term job recovery in the U.S. manufacturing sector are bleak," Tantillo said.


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search