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Chart of the Day: Manufacturing Decline

Crews Bank & Trust Wealth Management Services Nov 19, 2024
Line graph illustrating the percentage of manufacturing jobs as compared to all jobs in the US from 1948 to 2023.

Contents

Today’s Chart of the Day comes from GlobalData and shows the percentage of manufacturing jobs in the US, from 1948 to 2023. Most people may not be at all surprised to see the figure has declined; however, they may be surprised to see the number has declined from 32% in 1948 to only 6% in 2023.

This piggybacks from a previous chart from the book The Persuasion Industry which talks about consumer services now being the dominant source of employment in the US.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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