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Los Angeles Business Journal
California leads the nation in terms of manufacturing jobs and gross domestic product, according to a study released this month by California Manufacturing Technology Consulting. Commissioned by the Torrance trade industry group, the study was conducted by Beacon Economics, an independent research and consulting firm located on Fairfax Avenue near the Farmers Market in Los Angeles. While the study points to high housing and other costs as a serious problem in attracting and retaining workers, it also shines a light on remarkable productivity gains that the state’s manufacturing sector has achieved. The state’s manufacturing output has exceeded the national rate by 83% since the late 1990s. California’s share of manufacturing jobs in the United States has ticked up slightly since 2000, currently standing at 11%. That is the highest percentage of manufacturing jobs in the country.The report also found that 25% of state manufacturing jobs are in four subsectors – electronic instruments, semiconductors and electrical components, computer and peripheral equipment and aerospace manufacturing. |
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