By Alana Semuels, Los Angeles Times
Convinced that everything you buy these days has a Made-in- China label?
Then you aren’t paying attention. Things made in the U.S.A. still dominate the American marketplace, according to a new study by economists at the San Francisco Federal Reserve.
Goods and services from China accounted for only 2.7% of U.S. personal consumption. About 88.5% of U.S. spending last year was on American-made products and services.
Services – dry cleaner, accountant, mechanic and manicurist – account for about two-thirds of spending. Then there’s groceries and gasoline.