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Last updateTue, 11 Dec 2018 5pm

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Manufacturing & The Economy

Manufacturers Face Unprecedented Employment Shortfall

As growth in the U.S. economy continues and manufacturers create more and more jobs in a thriving sector, the industry's pre-existing workforce crisis could get even worse, according to a new 2018 skills gap study released by Deloitte and The Manufacturing Institute—the social impact arm of the National Association of Manufacturers (NAM). The widening manufacturing skills gap is expected to grow from about 488,000 jobs left open today to as many as 2.4 million manufacturing jobs going unfilled between this year and 2028 (compared with 2 million jobs between 2015 and 2025 per an earlier study). In turn, $454 billion in manufacturing GDP could be at risk in 2028, or more than $2.5 trillion over the next decade. 

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