Today, the U.S. Census Bureau released their Advanced Report on Durable Good for September 2011 and new orders for durable goods dipped 0.8% in September, but excluding transportation equipment (which includes the volatile aircraft manufacturing sector), new orders increased 1.7%. That's good news, but continued growth in our manufacturing sector is vital to improving America's economy and that's why part of President Obama’s American Jobs Act includes a new Project Rebuild.
This new Project Rebuild will put people back to work rehabilitating homes, business, and communities. The President is willing to invest $15 billion into this national effort to spur economic growth. This project will not only put workers back on the job, but it will enable hundreds of thousands of vacant and foreclosed homes and businesses to be rebuilt. So what does all of this mean?
Project Rebuild will create numerous jobs and provide construction workers with many new opportunities. Many citizens across the United States still continue to struggle with finding full-time employment today. This project may be the answer and is certainly one step in the right direction.
Countless buildings across the United States have been empty and rundown for too long. Project Rebuild will allow for them to be reconstructed from scratch. Once these homes and buildings are completely renovated, they will require a large number of washing machines, furniture and refrigerators to fill them. Those are all key components of the durable goods inventory and employ thousands of individuals who manufacture them.
Project Rebuild is just one way President Obama plans to improve the United States economy. See all the details of the American Jobs Act on the White House blog.