Employment rates in the AUTOMOBILE industry from 2007 to 2011
The automobile industry is one of the largest employers of labor in the United Sates employing approximately 880,000 workers, which is about 6.6% of U.S. manufacturing workforce. Overall workforce in the automobile industry includes those working in the assembly plants and motor vehicle manufacturing sectors. Despite the job contribution of the U.S. automobile industry, recent economic decline in the United States has led to the decline in the auto market shares making the major automobile companies working below capacities. Since the beginning of the decade, the automobile industry has laid off approximately 435,000 workers which amount to the 3.3% of all manufacturing jobs in 2008. (Platzer, & Harrison, 2009).
The objective of this paper is to discuss the U.S. employment rates of automobile industry from the second quarter of 2007 to second quarter 2011.
Employment rates in AUTOMOBILE industry from 2007 to 2011
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