The manufacturing industry gained 7,000 jobs in June, according to a report today by the United States Bureau of Labor Statistics (BLS). The gain is only the second month of growth in 2023.
The increase comes from durable goods, which added 15,000 jobs; nondurable goods lost 8,000 jobs. Transportation manufacturing had the bulk of the gains, responsible for 7,200 of the new durable goods jobs (4,300 of which came from motor vehicles and parts manufacturing).
According to a report from the Institute for Supply Management, the transportation equipment industry posted an increase in new orders from May, the only one of the six largest manufacturing sectors to do so. Transportation also reported faster supplier deliveries in June compared to May.
Other job gainers reported by the Bureau included navigational, measuring, electromedical and control instruments manufacturing (up 3,300) and machinery manufacturing (up 3,100). Food manufacturing, the largest nondurable goods sector by employment, had the heaviest losses at 3,300.
Total manufacturing jobs now totals 12.989 million, seasonally adjusted by BLS, up from 12.982 million in May 2023 and 12.819 million in June 2022.
Overall, nonfarm jobs grew by 209,000 and the unemployment rate dropped slightly to 3.6% from 3.7% in March, according to the report. Nonfarm employment has grown an average of 278,000 per month over the first six months of 2023, lower than the average of 399,000 per month in 2022.
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