“Manufacturing is coming back. Companies are bringing jobs back. The economy is getting stronger. The recovery is speeding up,” Obama told a crowd of Master Lock employees on a factory floor. “And now we have to do everything in our power to keep our foot on the gas.”
A January jobs report from the Labor Department showed that the private sector created more than 250,000 new jobs, boosted by a growth of 50,000 in manufacturing.
While U.S. factories have been boosting output steadily since the recession thanks to strong auto sales and continued investment in machinery, there’s still a significant gap between the recent surge in corporate profits and growth in American jobs.
The fact that some of the country’s best-known multinationals do not release numbers about the jobs they have here and abroad has become a hot-button issue in Congress lately. In February, Rep. Gary Peters (D-Mich.) introduced a bill that would require firms with revenues over $1 billion to report the breakdown and track the increase or decrease over the previous year.
Obama also told the crowd: “You’ve all heard enough about outsourcing. Well, more and more companies like Master Lock are now insourcing, deciding that if the cost of doing
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