The world of Manufacturing in Delaware County is evolving quickly. As decades pass, technology continues to make advancements and highly skilled workers are becoming scarce. A bulk of the professionals in the manufacturing field in Delaware County are approaching the age of retirement. As a result of this aging workforce manufacturing occupations are being placed on the High Priority Occupation List.
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Ridley High School students visit The Boeing Company in October of 2018.
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The manufacturing industry supports nearly 17.2 million jobs in the United States and the field offers an array of benefits.
Here are a few fast facts about Manufacturing provided by the National Association of Manufacturers: |
1. |
In the most recent data, manufacturers contributed $2.33 trillion to the U.S. economy in the first quarter of 2018.
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For every $1.00 spent in manufacturing, another $1.89 is added to the economy.
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3. |
The vast majority of manufacturing firms in the United States are quite small.
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Almost two-thirds of manufacturers are organized as pass-through entities.
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5. |
There are currently 12.75 million manufacturing workers in the United States, accounting for 8.6 percent of the workforce.
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6. |
In 2017, the average manufacturing worker in the United States earned $84,832 annually, including pay and benefits.
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7. |
Manufacturers have one of the highest percentages of workers who are eligible for health benefits provided by their employer.
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8. |
Manufacturers have experienced tremendous growth over the past couple decades, making them more “lean” and helping them become more competitive globally.
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9. |
Over the next decade, nearly 3½ million manufacturing jobs will likely be needed, and 2 million are expected to go unfilled due to the skills gap.
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10. |
Exports support higher-paying jobs for an increasingly educated and diverse workforce.
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11. |
Over the past 25 years, U.S.-manufactured goods exports have quadrupled.
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12. |
Manufactured goods exports have grown substantially to our largest trading partners since 1990, including to Canada, Mexico and even China.
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Nearly half of all manufactured goods exports went to nations that the U.S. has free trade agreements (FTAs) with.
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14. |
World trade in manufactured goods has more than doubled between 2000 and 2014—from $4.8 trillion to $12.2 trillion.
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Taken alone, manufacturing in the United States would be the ninth-largest economy in the world.
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16. |
Foreign direct investment in manufacturing exceeded $1.6 trillion for the first time ever in 2017.
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17. |
U.S. affiliates of foreign multi-national enterprises employ more than 2 million manufacturing workers in the United States, or almost one-sixth of total employment in the sector.
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18. |
Manufacturers in the United States perform more than three-quarters of all private-sector research and development (R&D) in the nation, driving more innovation than any other sector.
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19. |
Manufacturers consume more than 30 percent of the nation’s energy consumption.
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20. |
The cost of federal regulations fall disproportionately on manufacturers, particularly those that are smaller.
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