U.S. Manufacturing Jobs On The Rise

Name: U.S. Manufacturing Jobs On The Rise
Uploaded: 2013-03-25T13:18:25.000Z
Description: Many U.S. companies have moved production to China to take advantage of cheaper labor, but as Chinese labor costs increased, companies have laid off many employees. Add the increasing fuel costs to ship things halfway around the world and suddenly the advantage of doing business in China has disappeared.

Many U.S. companies have moved production to China to take advantage of cheaper labor, but as Chinese labor costs increased, companies have laid off many employees. Add the increasing fuel costs to ship things halfway around the world and suddenly the advantage of doing business in China has disappeared.

Mar 25, 2013

Strong job growth in February helped boost stocks with many of those jobs coming from companies making products right here in America again. CBS News' Chip Reid reports.

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