Factory workers' new perk: Job security

By The Wall Street Journal

Jul 12, 2018

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A yearslong decline in the number of layoffs is providing a renewed level of job security to factory workers, who had seen their ranks thin since the late 1970s.

In the 12 months ended in May, the manufacturing sector accounted for 6.6% of all involuntary discharges in the U.S., according to the Labor Department data released Tuesday. That is down from 9.9% during the last economic expansion between 2001 and 2007.

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