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Article: Fort Wayne.(economic outlook for Fort Wayne, Indiana)(Brief Article)
- Article from:
- Indiana Business Review
- Article date:
- December 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 Indiana University, Indiana Business Research Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The new world of the U.S. economy--the post September 11th terrorist-attack economy--looks similar to the old world of the Fort Wayne area economy. Stated differently, it is now a given that the U.S. economy cannot escape recession, but the area economy has been languishing there for months.
That U.S. manufacturing has been and continues to be in recession is no longer debated. Likewise, Fort Wayne area manufacturing employment has suffered significantly. Manufacturing employment has declined more than 8.3 percent in the last two years (see Figure 1). Specifically, average third quarter 1999 seasonally-adjusted manufacturing employment was 75,276 jobs, compared ...