| Abstract: |
This report brings together multiple sources of aggregate manufacturing industry data and industry subsector data to develop a quantitative depiction of the U.S. manufacturing industry. It compares the U.S. manufacturing industry to its international counterparts in order to provide context to domestic activities. This approach promotes a better understanding of the U.S. manufacturing industry and provides an evidence-based depiction of both the industry and its subsectors. Domestic and international data on employment, compensation, output, value added, net income (profit), and research and development expenditures are explored and evaluated. A number of techniques are utilized to compare and analyze these data including input-output analysis. Many of the industry’s subsectors are discussed individually with a focus on medium- and high- technology sectors. |
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