US President Barack Obama has put creating jobs in American factories atop his economic agenda. In its heyday, manufacturing made up 40 percent of the US workforce. Now it’s less than 10 percent. Between 2000 and 2009, 6 million jobs disappeared from the nation’s plants. Since then, however, the US economy has created more than 600,000 manufacturing jobs. Some economists and politicians are calling it a renaissance. Others, including a former auto industry expert for the Obama administration, say they are not convinced.
Three years ago, the Chesapeake Bay Candle company moved a factory from Vietnam to the US state of Maryland so it can finally make its candles on the Chesapeake Bay. CCTV’s Jessica Stone reports.
Candle Maker Moves Jobs from Vietnam to MarylandJessica Stone reports from Glen Burnie, Maryland where a candle company has recently moved its factory from Vietnam.
Even with stories like that of the Chesapeake Candle Company, some experts say they still would not bet on “Made in the USA” making a comeback. For more on the state of American Manufacturing, Phillip Yin spoke with Chad Moutray, chief economist for the National Association of Manufacturers.