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

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Lynda Kelly
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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