Journal Article

Where have all the factory jobs gone - and why?

Abstract: Over the past 30 years, the three states of the Third Federal Reserve District have lost more than one-third of their manufacturing jobs. And that job loss has accelerated over the past 15 years. Despite this, the region's manufacturing output has expanded over the same period, although much more slowly than the nation's. Why has the region's manufacturing sector lagged behind? In this article, Ted Crone looks at shifts in markets and differences in costs as possible culprits.

Keywords: Manufactures; Federal Reserve District, 3rd; Employment (Economic theory);

Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Business Review

Publication Date: 1997

Issue: May

Pages: 3-18