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Chart of the Day: Manufacturing Decline

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Nov 19, 2024

Line graph illustrating the percentage of manufacturing jobs as compared to all jobs in the US from 1948 to 2023.

Today’s Chart of the Day comes from GlobalData and shows the percentage of manufacturing jobs in the US, from 1948 to 2023. Most people may not be at all surprised to see the figure has declined; however, they may be surprised to see the number has declined from 32% in 1948 to only 6% in 2023.

This piggybacks from a previous chart from the book The Persuasion Industry which talks about consumer services now being the dominant source of employment in the US.

Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.