Global Employment Down

Factory jobs are decreasing worldwide, according to a recent report by New York–based Alliance Capital Management LP. The report found that factory jobs dropped more than 11 percent globally between 1995 and 2002. Among individual countries, Brazil saw a 20 percent drop during this period, Japan shed 16 percent of its factory jobs, and China saw its factory-jobs base shrink by 15 percent. In contrast, the United States saw its factory-jobs base fall about 11 percent.