Let’s Not Overstate the U.S. Manufacturing Revival
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Nov. 7 (Bloomberg) -- The revival of the U.S. manufacturingsector has been sufficiently robust to convince many Americansthat a factory renaissance is under way.
Boston Consulting Group predicted that increased exportspromoted by stagnant U.S. wages and lower energy costs willresult in 2.5 million to 5 million new jobs by 2020 and areduction of the 7.3 percent unemployment rate by two to threepercentage points.