The US has the highest proportion of people with jobs in their 20s and 30s, and many of them work in the auto parts industry.
And in the United States, the average age of workers in manufacturing has increased.
But as the job market for older workers in the US shrinks, so too has the number of jobs they are able to find.
In the past few years, the proportion of older workers employed in manufacturing increased by more than two-thirds, according to data from the US Bureau of Labor Statistics (BLS).
And in 2015, the US added 4,000 new manufacturing jobs, up from about 2,000 the previous year.
In recent years, many of those jobs have gone to people in their 40s and 50s.
What’s more, according a BLS report published last year, the share of workers who are older in their prime working years is increasing, with the proportion in their early 30s growing by just over 3 percentage points from 2014.
“The fact that we’re moving to a much older workforce is having a big effect on our economy, both in terms of the number and in terms that our workforce is looking for and getting,” says Jim Dvorak, director of the Center for Automotive Research at the University of Michigan.
When you need to fill a position, Dvork says, you often need to hire someone who’s older than you are.
“You might need a driver in your 30s who has a high-school education,” Dvoruk says.
“But the job you want is the one that’s going to give you the most longevity.”
The Bureau of Labour Statistics also reports that the percentage of older Americans who have jobs in manufacturing is up, but not by much.
The BLS reports that there were 5.3 million manufacturing jobs in the USA in 2015.
But in the year before that, the Bureau of Economic Analysis (BEA) found that there was only 1.3 billion manufacturing jobs.
In fact, the majority of the US’s manufacturing jobs are in industries that have been growing faster than the rest of the economy.
Manufacturing employment in the country peaked in 2008 at over 3 million.
But the last several years, it has been falling as a percentage of the workforce, according the Bureau.
In 2016, it dropped to 1.9%.
The BLS’ data suggests that as the US economy grows, the number, age, and number of manufacturing jobs could shrink.
The recession has created a demand for workers who can fill those jobs.
“It’s not as if there’s not demand for a certain amount of manufacturing,” Dvornak says.
According to the Bureau, manufacturing accounted for about 12% of all employment in 2015 and it will be 3.2% in 2021.
Dvorak says that the manufacturing jobs that are created can pay a good living wage.
For example, he says, a full time manufacturing worker who works 20 hours a week can make about $70,000 a year.
And that’s just one-third of what it costs to make an iPhone.
“When you consider that manufacturing is very important to the US as a whole, and the industry’s not just a one-time thing, you can make some pretty good money,” he says.
“And that’s a good thing.”
But while manufacturing employment may be growing, so are the number that can be hired in it.
According to the BLS, the percentage who are employed in the manufacturing sector has grown from 2.3% in 2008 to 2.9% in 2017.
That growth has slowed in recent years.
The Bureau of Industry and Security (BIS), which tracks US manufacturing, reports that manufacturing employment in 2017 was 2.5 million, down from 3.3+ million in 2015 but up from 2 million in 2000.
That means that the number who are currently employed in jobs in that sector is growing but not the number employed in it at the same time.
At the same rate, the BIS reports that in the early 2020s, there were about 1.7 million people in the workforce that could have been hired for manufacturing jobs at a salary of $60,000.
In 2020, the overall manufacturing employment was 3.9 million, but that number is projected to grow to 3.5+ million by 2021.
In 2021, the job growth rate is projected at 1.5%, up from 1.1% in 2020.
If manufacturing jobs continue to decline, many older workers will find themselves out of work, unable to find another job, or both.
Bethany Johnson, senior economist at the Bureau’s Bureau of Economics and Statistics, says the number working in manufacturing will likely grow, but many older people will be losing their jobs in order to make ends meet.
“We think there