Congressional Report Shows Revitalization in U.S. Manufacturing

December 19th, 2013 by Editor

U.S. Senator Amy Klobuchar, vice chair of the U.S. Congress Joint Economic Committee, released a new report detailing the revitalization in U.S. manufacturing, showing it has added more than 500,000 jobs since February 2010 and exceeded its pre-recession peak for exports, up 38 percent since 2009.

Klobuchar outlined a four-pronged strategy for ensuring the recent gains in manufacturing continue, calling for policies that strengthen the workforce and expand Science, Technology, Engineering and Math (STEM) education, open markets abroad to boost exports, expand access to capital and create the conditions for growth including cutting red tape and streamlining the tax code. The strategy is part of a Senate-wide manufacturing initiative led by Senator Chris Coons (D-DE).

“America is a country that innovates, makes things, and exports to the world, and manufacturing has long been an engine of economic growth and a key source of good jobs,” Sen. Klobuchar said. “This report highlights immediate, bipartisan actions Congress can take to strengthen American manufacturing, from cutting red tape to increase U.S. exports to boosting STEM education, and I will continue to work to move these initiatives forward so we can move our economy forward.”

In a recent study, 83 percent of manufacturers said they were experiencing moderate to severe shortages of high-skill workers. Nationwide, roughly 600,000 high-skill manufacturing jobs are currently unfilled.

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