Today’s Pittsburgh Post-Gazette has an article describing a bad outlook for manufacturing.
“The decline in the numbers of manufacturing jobs lost in April may be a sign of even worse news: The country is running out of manufacturing jobs to lose,” the article states.
“The nation’s economy shed 539,000 nonfarm jobs in April, with 149,000 of those in manufacturing. That loss was less than the 180,000 manufacturing jobs lost in March, but Dean Baker, an economist with the Center for Economic and Policy Research in Washington, said that is not good news. “Most of the job loss that can plausibly take place has already taken place,” Mr. Baker said.”
It’s a pretty unsettling story.