U.S. manufacturing is worse off than thought, economists say

http://www.washingtonpost.com/business/economy/economists-offer-more-pessimistic-view-on-manufacturing-in-upcoming-report/2012/03/19/gIQAKSpZNS_story.html

Contrary to popular view, job losses stem more from declining competitiveness and a wave of imports than from more efficient American factories, they say.