In an industry focus article on the manufacturing industry, Mark Knold, Chief Economist at the Utah Department of Workforce Services, states:
If some sage were to come and prophesize that in 2016 the economy would fall into a recession, and then ask me what industry I believe this would impact the most, my answer would be manufacturing. Why? History shows that manufacturing always loses jobs during a recession.
Roughly 17,000 manufacturing jobs downsized in Utah from mid-2007 to mid-2010. That’s not much of a surprise considering the severity of the Great Recession. But what’s interesting is the industry’s performance since mid-2010. Manufacturing job losses have not only stopped, but are now starting to rebound.
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