The Bureau of Labor Statistics reported August 5th that U.S. manufacturing companies added new jobs in July, while unfilled positions in the sector declined.
In July, U.S. manufacturers added 30,000 new positions, while the economy added 528,000 jobs and the unemployment rate settled at 3.5%.
Meanwhile, the latest Job Openings and Labor Turnover survey finds that after hitting an all-time high of one million jobs in April, the number of job openings in manufacturing declined further to a preliminary 793,000 in June. Nontheless, unfilled positions remain at an elevated rate.
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Today, we’re exploring the most recent manufacturing numbers from the Labor Department, providing the gains and losses by specific subsector, as well as the latest in manufacturing job openings.
In July, both durable and non-durable goods manufacturing added jobs, with durable goods adding the most jobs, up by 21,000 positions. Non-durable goods added another 9,000 jobs.
Gains in durable goods were led by fabricated metal products, which added 4,200 jobs. Semiconductors and electronic components added 3,500 jobs, while machinery added another 3,300. Gains were also seen in computer & electronic products (+3,300); transportation equipment (+2,200); primary metals (+2,100); and electrical equipment (+1,500).
On the non-durable durable goods side, job gains were overwhelmingly led by chemicals, up 3,700 jobs. Food manufacturing also gained jobs, up by 1,800; as did plastics and rubber products, up 1,200.
Manufacturing job losses in July were few and far between, seen most heavily in motor vehicles and parts (-2,200), as well as electronic instruments (-1,400) and paper products (-1,200).
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