Now it’s on the incoming Biden administration to act. But Western brands have a role to play, too.
The Alliance for American Manufacturing (AAM) was founded in 2007 by leading domestic manufacturers and the United Steelworkers, North America’s largest industrial union, with a clear mission: strengthen American manufacturing through smart public policies.
Factories gained 38,000 jobs in December. But, the sector is still down 543,000 jobs since February.
BUREAU OF LABOR STATISTICS
The U.S. trade deficit in goods with China continues to trend in the wrong direction, hitting $30 billion in November. That’s an increase of $3.5 billion from October.
U.S. CENSUS BUREAU
Capacity utilization for manufacturing hit 72.6% in November, below typical averages.
U.S. FEDERAL RESERVE
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