Apparently, no one told American manufacturers that their business is collapsing, because they kept on hiring more workers in January.The Bureau of Labor Statistics reported Friday that manufacturing companies added 29,000 workers in January to reach a seven-year high of 12.4 million. After a soft patch in the middle of last year, it was the fourth month in a row that manufacturing payrolls had increased.It wasn’t just a few sectors that increased employment. Of 79 manufacturing industries, 64% were adding workers. Sectors as diverse as food manufacturing, fabricated metals, auto making and chemicals were hiring.Not only were factories hiring, they were working their employees longer shifts. Average weekly hours rose a tick to 40.7 hours in January, which is significant because the manufacturing workweek is considered to be one of the best leading indicators for the health of the economy as a whole. Despite the strong dollar, the drop in export orders and the decrease in capital spending, average hours in manufacturing have been roughly unchanged since April.
Chosen excerpts by Job Market Monitor. Read the whole story at What recession? Manufacturing jobs hit 7-year high – MarketWatch
Chosen excerpts by Job Market Monitor. Read the whole story at The January Jobs Report in 12 Charts – Real Time Economics – WSJ Related Posts Job Report in US – What the White House says POSTED BY MICHEL COURNOYER ⋅ FEBRUARY 6, 2016 ⋅ LEAVE A COMMENT With the unemployment rate below 5 percent for the first time in almost … Continue reading
With the unemployment rate below 5 percent for the first time in almost 8 years, here are five things you need to know about where our economy stands. Source: As Unemployment Drops Below 5%, Here Are Five Facts About America’s Jobs Market | whitehouse.gov Related Post Job Report in US, January 2016 – American employers … Continue reading
Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, … Continue reading