Did You Know? The State of American Manufacturing
In honor of Manufacturing Day, IndustryWeek posted several facts about the state of U.S. manufacturing today. Did you know?
- The U.S. manufacturing industry employs more than 12 million people at approximately 338,000 manufacturing establishments.
- Approximately 98 percent of manufacturing firms are small businesses.
- The average manufacturing employee earns $1,022 a week.
- There are about 334,000 job openings in manufacturing.
- Manufacturing accounts for approximately 60 percent of all U.S. exports.
- In 2013, U.S. manufacturers exported $1.59 trillion in goods, more than double the exports in 2003.
- Manufacturers conduct 68 percent of all research and development.
- California has 1,250,600 manufacturing employees, the most of any state.
- 28.2 percent of Indiana’s economic output comes from manufacturing – the highest percentage for any state.
- Manufacturers spend approximately $200 billion each year on energy costs.
- Manufacturing accounted for 45 percent of foreign direct investment in the U.S. from 2010 to 2012.
To learn about the U.S. metals industry specifically, MSCI reminds members to check out this video highlighting the impact the metals industry has on the U.S. economy. Our industry supports more than 2.5 million jobs and contributes more than $550 billion to the U.S. economy. To learn even more, read our economic impact study here.