News & Press: General

Foundry Jobs Are Among the Top Declining U.S. Occupations

Friday, May 17, 2019   (0 Comments)
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A recent article published by CNBC.com highlighted the 15 jobs expected to lose workers at the fastest rates in the U.S. through 2026 according to the U.S. Department of Labor’s Bureau of Labor Statistics. Of the 15 jobs listed, which also included postmasters, watch repairers, and typists, three of the 15 were foundry jobs.

Foundry mold and core maker positions are expected to decline by 24% from 2016 to 2016, representing a loss of nearly 2,000 U.S. jobs. Metal pourers and casters will see a similar decline of 23.4% by 2026, a loss of approximately 3,000 jobs. Hand grinders and polishers are expected to lose about 5,500 jobs, a 20% decline. These declines are largely due to a combination of automation that replaces the need for workers, the shifting of production to offshore locations, and competition from overseas foundries.

To view the full article published by CNBC, go to https://www.cnbc.com/2019/04/26/the-15-us-jobs-disappearing-the-fastest.html

To view the full table “Employment by detailed occupation, 2016 and projected 2026” released by the Bureau of Labor Statistics, go to https://www.bls.gov/emp/tables/emp-by-detailed-occupation.htm

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