Michigan leading national manufacturing job growth

Michigan is leading the way in a resurgent American manufacturing sector, according to a report from CNBC.

An Information Technology & Innovation Foundation report released last year found United States manufacturing declined more in the last 10 years than it did during the Great Depression, losing a approximately 5.7 million jobs. In January 2012, fewer than 12 million Americans worked in manufacturing.

Michigan was hit with a 46.7 percent manufacturing job loss rate between 2000 and 2010, the highest in the country. But CNBC reported the state has since lead the way in American manufacturing job creation, followed by Texas, Indiana, Ohio, and Wisconsin. The United States has added 520,000 manufacturing jobs since January 2010.

According to the Washtenaw County economic forecast prepared by University of Michigan economists Donald Grimes and George Fulton, the county is expected to add approximately 712 manufacturing jobs through 2015. Most of those jobs are expected to come outside the motor vehicle manufacturing sector.

Many of manufacturing jobs are being created in the U.S. or coming back to America as a result of increasing labor, production and energy costs oversees, CNBC reported.

• Read the full story from CNBC.

Ben Freed covers business for AnnArbor.com. You can sign up here to receive Business Review updates every week. Get in touch with Ben at 734-623-2528 or email him at benfreed@annarbor.com. Follow him on twitter @BFreedinA2