Record job gains for U.S. manufacturing in 2018 – IndustryNet®

The U.S economy added 312,000 jobs in December, while the unemployment rate rose to 3.9%, as more workers entered the labor force, according to a report released today by the Bureau of Labor Statistics.The nation’s manufacturing sector once again added a significant number of jobs, up 32,000 in the month of December alone.Durable goods manufacturing accounted for a notable share of jobs, up 19,000. Of these 19,000, fabricated metal products added 7,000 jobs, and electronic products added 4,000 positions.The grand total of factory jobs gained over the year totaled 284,000 – with three-fourths of these positions in the durable goods category. This adds to the 207,000 manufacturing jobs the Bureau of Labor statistics reported the nation gained in 2017.2018 now stands as the best year for manufacturing employment gains in the post-recession era. The number of factory jobs in the U.S. (12,842,000) stands roughly at the same level as in December 2008 (12,850,000).Looking at the job market as a whole, December’s 312,000-job gain was led by health care (+50,000); professional and business services (+43,000) food services and drinking places (+41,000); and construction (+38,000).

Source: Record job gains for U.S. manufacturing in 2018 – IndustryNet®

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