Minnesota's manufacturing sector saw signs of growth last month after experiencing big declines in the past several months because of the COVID-19 pandemic. Manufacturing also showed more improvement in July at the national level, according to a report released Monday by the Institute for Supply Management. Manufacturing Growth Continues. The business shutdowns caused by the pandemic are expected to see the US economy shrink an unprecedented 35 percent in the April-June quarter when the Commerce Department releases its advance GDP estimate on Thursday. Read our latest thinking on the future of manufacturing, McKinsey_Website_Accessibility@mckinsey.com. The following graphic shows the share of employment in Manufacturing by various occupations according to ACS estimates. The manufacturing industry has a lower projected workforce growth at -0.5%. Create a profile to get full access to our articles and reports, including those by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and email alerts. Demand from the manufacturing industry has been instrumental in driving the growth of the market. And in some manufacturing industries, more than half of all emplo…   | Photo Credit: Reuters. In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months. James Manyika is a director at the McKinsey Global Institute, where Richard Dobbs is a director, Jaana Remes is a principal, and Jan Mischke is a senior fellow; Jeff Sinclair is a director emeritus in McKinsey's Washington, DC, office, where Sreenivas Ramaswamy is a consultant; Gernot Strube is a director in the Munich office; Louis Rassey is a principal in the Chicago office; Charles Roxburgh is a director emeritus in the London office; Katy George is a director in the New Jersey office; and David O'Halloran is a senior expert in the Cleveland office. Subscribed to {PRACTICE_NAME} email alerts. Washington, DC 20036 Estimates of the sources of the costs and the purchasers of the products in the Manufacturing Industry Sub-Sector. But employment also remained depressed in its report. It now accounts for approximately 16 percent of global GDP and 14 percent of employment. "There's no reason why that growth shouldn't continue. They are the use of outputs of the highlighted industry. Manufacturing sector’s share in the GDP has not grown at all, though between 2004 and 2012, employment growth in this sector was considerable. We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda. "We're growing again from absolutely historically low levels we saw in April," he said. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. It had plummeted to 34.8 in April, the lowest point during the pandemic. This chart shows the gender-based wage disparity in the 5 most common occupations in the Manufacturing Industry Sub-Sector. Mpls. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. For policy makers, supporting manufacturing industries and competing globally means that policy must be grounded in a comprehensive understanding of the diverse industry segments in a national or regional economy, as well as the wider trends affecting them. Male employees tend to earn more than Female employees, with average respective salaries of $68,072 and $51,674.