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Usa Today: Obama is right: Rebounding automakers adding jobs
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After rounds of plant closures as the economy headed into recession — and some automakers headed into bankruptcy court — a resurgent auto industry is helping lead the way out with a hiring surge of an estimated 60,000 jobs this year.
President Obama underscored the point Tuesday night in his State of the Union address, pointing to the auto industry as an example of a U.S. factory-floor rebound.
"Tonight, the American auto industry is back," Obama declared, noting that General Motors is again the world's largest automaker.
Michelle Obama hosted a General Motors plant manager from Detroit in her box for the address.
Total jobs at all U.S. auto plants and parts factories will rise 10% to about 650,000 this year, says the Center for Automotive Research, and hit 756,800 by 2015. That's up from about 550,000 in the depths of the recent recession, but still well below more than a million a decade ago.
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