Key Takeaways from Chart 7 and Commentary Introduction Previous charts in this series have illustrated the process of structural change in the US economy, showing the decline of manufacturing employment – both in absolute numbers…
Tag: US economic decline
Chart 6: Productivity Impact of Structural Change
Key Takeaways from Chart 6 and Commentary In the same way that the performance of a stock market index reflects the weighting and performance of its underlying stocks, the aggregate productivity of the economy reflects…
Chart 5: Structural Change in the US Economy
Key Takeaways from Chart 5 and Commentary Just as the performance of a stock market index reflects the weighting and performance of its underlying stocks, the aggregate productivity of the economy reflects the weighting and…
Chart 4: The Decline of US Manufacturing
Key Takeaways From Chart 4 and Commentary From a peak of 19.5 million jobs in 1979, manufacturing declined by 38% to 12.2 million at the end of 2020. As a share of private employment, manufacturing…