Wednesday, April 11, 2012

American Economies - What's working?

The United States Esperanto: Loko de Usono sur...The United States  (Photo credit: Wikipedia)According to Industry Week, there are five dying manufacturing sectors in the United States, that despite recent positive reports in the manufacturing industry. These sectors are mostly related to clothing and apparel industries, which have been steadily on the decline for several decades.

What's good news is that there are many niche economies right here in the US that continue to grow and flourish despite decreases in industrial activity and economic hardships. These include industries that require CNC precision machining and valve distributors, like USA made Solenoid valves.

I sincerely hope manufacturing stays in the United States, as it gives us a more diverse economy which makes us resilient to future economic collapses.