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Manufacturing Adds 31,000 Jobs in February

Candace Roulo
By Candace Roulo Managing Editor, SME Media

US manufacturing added 32,000 jobs in February, primarily in durable goods, while non-durable goods decreased by 1000 jobs last month. Even with the job decrease in non-durable goods, employment rates are steadily increasing in the manufacturing industry.

According to the US Bureau of Labor Statistics, the manufacturing industry added 31,000 jobs in February. Within the industry, employment rose in transportation equipment by 8200 jobs, which includes motor vehicles and parts (up 6200), fabricated metal products (up 5900), machinery (up 5600) and primary metals (up 3700).

Other manufacturing sectors where there were jobs gains include wood products (up 3300), furniture and related products (up 1900), nonmetallic mineral products (up 1600), and computer and electronic products (up 1100), according to a breakdown by industry sector.

Manufacturing totaled 12.614 million jobs on a seasonally adjusted basis in February, which is up from 12.583 million in January 2018.

Auto-Manufacturing-768x576.jpgTotal nonfarm payroll employment increased by 313,000 in February, and the unemployment rate was unchanged at 4.1%, according to the U.S. Bureau of Labor Statistics. Overall, employment rose in construction, retail trade, professional and business services, manufacturing, financial activities, and mining.

Year Employment Rate Rises

Also, the change in total nonfarm payroll employment for December 2017 was revised up from +160,000 to +175,000, and the change for January was revised up from +200,000 to +239,000, the Bureau said in a statement.

Based on these revisions, employment gains in December 2017 and January 2018 combined were 54,000 more than previously reported. After the revisions, job gains have averaged 242,000 over the last three months. Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.

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