These U.S. Exports Need A Cash Infusion And SoonGene Koretz
Another reason why manufacturing job growth may face tough slogging in the years ahead is suggested by an article by economist Susan Hickok in the Federal Reserve Bank of New York's latest Quarterly Review. Hickok notes that while world exports of finished goods have been rising far faster than exports of industrial materials for many years, finished goods as a share of U. S. manufactured-goods exports failed to rise between 1978 and 1989. By contrast, finished goods as a share of U. S. imports of manufactured goods jumped from 66% to 77% in the same period.
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