The US economy is stagnating in China, as manufacturing employment has fallen for decades, while the wages and fortunes of the vast majority of the population are stagnating, according to new data from the US Census Bureau.
According to data released on Thursday by the Census Bureau, manufacturing employment in the US was 5.6 million in 2020, down from 6.1 million in 2019.
The employment rate for manufacturing workers dropped from 77.5% in 2020 to 74.5%.
In China, however, the US manufacturing employment rate is at a historic high of 77.9%, while the number of manufacturing jobs has nearly doubled to 3.9 million.
The Bureau found that US manufacturing is growing by 1.1% annually.
It is up by 4.5 percentage points in 2017.
It was up by 1 percentage point in 2016, and 3.5 points in 2015.
In 2017, manufacturing employed more than 3.3 million people in the United States.
The unemployment rate for the United State was 7.3%, and it is now 11.6%.
The US manufacturing sector is the fastest growing employment sector in the country.
The economy generated $8.5 trillion in sales in 2020.
The economy grew by an average of 1.7% annually in the last 10 years.
In contrast, China’s manufacturing growth rate averaged 1.3% annually over the same period.
The US Bureau of Labor Statistics found that the unemployment rate in the U.S. increased from 7.9% in 2015 to 9.6% in 2016.
It dropped slightly in 2017, and is now at 7.4%.