Funny how people lament the loss of mining jobs but never a peep about the 12 million manufacturing jobs lost to off shoring since 2001. Hypocrites.
I’ve posted about losses in steel plants, manufacturing multiple times. Plants closing and laying off people.
Much of that comes from the loss of orders from the oil/gas companies.
U.S. Steel may cut nearly 700 Texas jobs
http://www.freerepublic.com/focus/f-news/3386231/posts
Oil shock is hurting U.S. economy: Kemp
http://www.freerepublic.com/focus/f-news/3385504/posts
...In the United States, businesses engaged in oil and gas extraction and refining spent almost $200 billion on new equipment and structures in 2013...
...The downturn in oil and gas is rippling all along the supply chain.
The oil and gas industry is not just a major producer of inputs used by other manufacturers, service suppliers and households, it is also a major consumer of raw materials, manufactured items and services itself.
Dresser-Rand plans to shutter plant, lay off 72 workers
http://www.freerepublic.com/focus/f-news/3375512/posts
U.S. Steel postpones Alabama project
http://www.freerepublic.com/focus/f-news/3375490/posts