Marketplace Radio: What’s driving job creation?

By April 4, 2010Economy, Trade

A report Friday in the wake of the new employment figures, “What’s driving job creation?“:

There were job gains in almost every major U.S. industry: 27,000 in health care, 15,000 in retail and 17,000 in manufacturing, making things like machinery and steel beams. Those job gains were due to a jump in U.S. exports. Manufacturers not tied to exports didn’t hire many people.

Dave Huether is chief economist at the National Association of Manufacturers.

Dave Huether: I don’t think we’re going to see really significant increases in employment in manufacturing probably until 2011, 2012, when the domestic economy starts picking up steam and grows along with the global growth overseas.

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