Home | Blog > Total Capacity Utilization to Percentage of Population Employed

Will the US rebuild substantial industrial capacity with many manufacturing jobs coming out of the Great Recession, a credit debacle? Will jobs recover at the same rate as total capacity utilization?

The long term trends in the percentage of the US population employed suggests NO! (But, remember that improved employment lags in a recovery.)

Starting in 2002, few jobs have been created as the US rebounds from two recessions (red line) rather we continue to lose job.

Since 1975, our industrial base peak capacity has declined after each successive recession (blue line).

There is no evidence in these measures that tax cuts have created more jobs for Bush2 or Obama.

After 2009, slack capacity was absorbed as jobs continued to decline. The trend is ominous yet both political Parties are divided on solutions.

Traditional successes (Truman, Eisenhower, Kennedy) are education, infrastructure, recruiting the worlds best to become US citizens and a goal we all buy in to.