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During President Obama’s 2012 reelection campaign, he told voters that manufacturing jobs would be a crucial part of the American economy’s resurgence. His administration set a goal to “create 1 million new manufacturing jobs by the end of 2016.”
At the time, manufacturing insiders cheered. The national unemployment rate had fallen 3 percentage points from its high point in 2009. The U.S. economy had added 4.4 million jobs since 2009, on its way to adding 13 million to date.
But factory jobs haven’t gotten the bump the president strived for: Only 331,000 of those many millions of new positions created since the start of his second term have come in manufacturing.
The United States would need to create 74,000 manufacturing jobs each month to reach Obama’s goal by the end of the year, and prospects are not good. American manufacturers have actually shed 20,000 jobs since January 2015 amid difficult economic circumstances.