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What Manufacturing Really Looks Like Today

What Manufacturing Really Looks Like: Celebrating Manufacturing Day

Did you know that over 70 percent of Americans view manufacturing as the most important industry for a strong economy and national defense, but only 30 percent of parents encourage their kids to enter manufacturing? Or that the manufacturing sector has added more than 700,000 jobs over the last four-and-a-half years and is growing at twice the rate of GDP? Clearly there is a disconnect. The future of American manufacturing is bright and provides many benefits, both in the number of high-quality, good paying job opportunities and the sector’s contribution to the U.S. economy.

Here is what manufacturing really looks like today:

  • Manufacturing supports 17.4 million U.S. jobs
  • Manufacturing career opportunities include engineers, designers, machinists, computer programmers among others
  • The annual average salary of entry-level manufacturing engineers is nearly $60,000
  • The annual average salary of manufacturing workers is more than $77,000, which is approximately 17% more than similar workers employed in other sectors
  • For every $1.00 spent in manufacturing, the sector creates $1.32 for the U.S. economy
  • Manufacturing comprises 12.5% of the American GDP
  • In just five states manufacturing adds over half a trillion dollars to the economy

Manufacturing is vital to our economy and depends on a skilled workforce. Companies are reporting they have jobs they can’t fill due to a skills gap. Therefore, National Manufacturing Day, which takes place this year on October 3rd, celebrates the contributions of manufacturing the U.S. economy and the wide variety of careers that it offers. Over 1000 manufacturers from around the country are opening their doors in an effort to inform and engage the public about the industry and to attract a new generation of manufacturing workers. Make sure to find and attend an event in your area!

Three Takeaways from National Network for Manufacturing Innovation (NNMI) Day

Secretary Pritzker enjoying NNMI Day with Senator Sherrod Brown and Congressmen Joe Kennedy and Tom Reed

Last Thursday, U.S. Secretary of Commerce Penny Pritzker participated in the National Network for Manufacturing Innovation (NNMI) Day on Capitol Hill event. She was joined by Sen. Sherrod Brown, Reps. Joe Kennedy and Tom Reed, several business leaders and the directors of the newly established pilot Institutes of Manufacturing Innovation. NNMI Day was an opportunity to showcase the successes of the four pilot institutes in North Carolina, Youngstown, Chicago, and Detroit in the areas of additive, digital, electronics, and modern metals manufacturing. In early 2014, President Obama announced a new competition for the next manufacturing innovation institute, focused on composites materials and structures, which is the first of four additional institutes the President committed to launching this year in his State of the Union address, for a total of eight pilot institutes nationwide.

During the event Thursday, Hill staffers and other attendees had the opportunity to hear from the pilot institute directors and several private sector partners about how a National Network for Manufacturing Innovation would help improve U.S. competitiveness, increase domestic production and accelerate development of an advanced manufacturing workforce.

The following are three main takeaways from the speakers and panelists:

Lessons Learned: Exploring the Value of Open Data on Capitol Hill

Lessons Learned: Exploring the Value of Open Data on Capitol Hill

Cross blog post by Mark Doms, Under Secretary for Economic Affairs

Government data helps drive our economy and will increasingly become more important in the future. Thursday, I had the opportunity to speak on this topic at a congressional briefing hosted by U.S. Senator Mark Warner (D-VA), Chairman of the Budget Committee’s Government Performance Task Force, and the Center for Data Innovation. Panelists included Daniel Castro, Director of the Center for Data Innovation, Kathleen Phillips, COO for Zillow, Tom Schenk, Chief Data Officer for the City of Chicago, and Steven Adler, IBM’s Chief Information Strategist.

We explored how government data is the foundation of the ongoing data revolution, fostering innovation, creating jobs and driving better decision-making in both the private and public sectors. The federal government is, and will continue to be, the only provider of credible, comprehensive, and consistent data on our people, economy, and climate. We also pointed to the findings in our recently released report,“Fostering Innovation, Creating Jobs, Driving Better Decisions: The Value of Government Data,” which found that billions in economic output and trillions in resource decisions are driven by federal data.

Daniel Castro, Director of the Center for Data Innovation, urged attendees to make sure Congress continues to invest in our data infrastructure. He highlighted the value of open data, ensuring that data flows more seamlessly between the public and private sectors. Castro also focused on the need to consider new ways to enable cooperation between government and industry to maximize the benefits of big data to the greatest number in society.

Zillow’s Chief Operating Officer Kathleen Phillips discussed how her company uses a wide variety of federal and local data to better connect buyers and sellers in the real estate marketplace. Zillow provides critical information in an easy to digest mapping format for over 50 million properties around the country. Their Zillow Home Value Forecast, fed in part by federal datasets, also predicts local home values. Zillow uses data from the Census Bureau, the Bureau of Labor Statistics, the Bureau of Economic Analysis, the Federal Housing Finance Agency and other federal sources to provide a real time evaluation of local real estate markets.