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U.S. manufacturing employment was little changed in March, according to the latest jobs report from the Labor Department issued April 7th.
In March 2023, U.S. manufacturers shed 1,000 jobs, following a 4,000-job loss the sector posted in February.
Meanwhile, the U.S. economy added 236,000 jobs overall in March, and the unemployment rate was little changed at 3.5%.
Additionally, the latest Job Openings and Labor Turnover survey finds the number of job openings in manufacturing fell significantly, with the Labor Department recording 644,000 unfilled positions for the sector in February (February JOLTS data is reported in April).
Despite the decrease, unfilled positions in manufacturing and in the U.S. economy remained elevated since the pandemic. As an example, open positions in the industrial sector totaled 432,000 in March 2019.
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Although job creation in the U.S. manufacturing sector came to a standstill in March, there were industries that posted significant gains. In this post, you’ll learn the most recent manufacturing numbers from the Labor Department, providing gains and losses by specific subsectors.
As noted, U.S. manufacturers shed 1,000 jobs in March. Non-durable goods manufacturing accounted for all of the sector’s losses in March, losing 2,000 jobs altogether, while durable goods manufacturing added 1,000 jobs.
Transportation equipment manufacturing led job gains in the durable goods sector for March, adding 6,400 positions.
This was followed by machinery manufacturing, which added 3,800 jobs and motor vehicles and parts, which added 3,700 jobs. Other sectors that added jobs included primary metals manufacturing (+1,800); and computer and peripheral equipment manufacturing (+700).
On the nondurable goods side, food manufacturing gained 3,400 jobs, while paper manufacturing added 1,700 jobs.
U.S. manufacturing jobs losses in March 2023 were largely led by the nondurable goods sector.
Durable goods manufacturing industries that lost jobs included fabricated metals manufacturing (-4,100 jobs); semiconductor manufacturing (-3,200 jobs); computer and electronic product manufacturing (-1,800 jobs), and electrical equipment, appliance & component manufacturing (-1,800 jobs).
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