Survey participants represent more of the upper end of the middle market
All improved from 2009 Led by F&B, Medical Trailing Fab Metal, Bldg Mat’ls Trans Equip, Chem > 2008
Recovery will be long and slow. Most likely will not be back to 2007 levels until 2013.
Overall, unprecedented levels of concern.
Rising exports not only support manufacturing jobs, but jobs in other sectors as well. In 2003, manufactured exports supported a total of 5 million jobs. Roughly half (2.4 mil) in manufacturing and half (2.6 mil) in other sectors , like business services, transportation, wholesale trade and agriculture. By 2008 manufactured exports supported close to 7 million jobs (6.8 mil), a 34 percent increase in just 5 years. While export increase created 446,000 new manufacturing jobs, the number of mfg jobs . Three quarters of the new jobs created by the rise in manufactured exports (1.3 million) were in jobs outside of manufacturing. This is 28 percent of the 4.7 mil increase in private sector employment (outside of mfg) during this time