Thursday, April 10, 2008

Manufacturing job losses cripple growth in Pennsylvania

The American Manufacturing Trade Action Coalition (AMTAC) has analyzed job gain/loss in Pennsylvania in a report prepared by Dr. Charles W. McMillion, president and chief economist of MBG Information Services, titled, Pennsylvania’s Jobs Market 2001-2008: Trading Down in A Debt-Driven, Weak Economy.

Reacting to the report, Peter McKernan, CEO of Herculite Products Inc. of Emigsville, Pa., said, "Pennsylvania can’t keep trading good manufacturing jobs for lower paying service sector jobs and expect to grow its economy. Americans haven't stopped buying manufactured goods; they just aren’t buying as many from Pennsylvania as before. That’s what has got to change if Pennsylvania is to recover the more than 207,000 manufacturing jobs it has lost since 2001 and recharge its economy.”

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