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Re: dropdeadfred post# 330294

Thursday, 10/31/2019 12:48:26 PM

Thursday, October 31, 2019 12:48:26 PM

Post# of 575020
"I will bring back factory jobs and rescue the manufacturing industry" -Donald Trump, 2016

Manufacturing Is Now Smallest Share of U.S. Economy in 72 Years
By Reade Pickert
October 29, 2019, 8:37 AM PDT

Three years after Donald Trump campaigned for president pledging a factory renaissance, the opposite appears to be happening.

Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only.

The latest number compares with 13.4% for real estate, 12.8% for professional and business services and 12.3% for governments, according to the figures on GDP by industry.

https://www.bloomberg.com/news/articles/2019-10-29/manufacturing-is-now-smallest-share-of-u-s-economy-in-72-years?fbclid=IwAR2agFE6EbV4fxS4kKLdOt4cdq6xG2c9go577dQ4nRJnaOuGpPSEfplH3Yk

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