US Manufacturing Sector Loses 15,000 Jobs in August

Auto manufacturers laid off fewer workers for factory retooling than usual in July, and fewer workers than usual were recalled in August.

While the sector has gained 613,000 manufacturing jobs in the past two years, and now stand at 11,9670,000 employment,  when looking back to 2002, the U.S. is still down by 3.5 million manufacturing jobs. 

In the labor report released on Friday, the manufacturing sector lost 15,000 jobs.

A decline in motor vehiclesand parts (-8,000) partially offset a gain in July, the Labor Department said.

Auto manufacturers laid off fewer workers for factory retooling than usual in July, and fewer workers than usual were recalled in August.

Looking over the past year years the sector has gained 512,000 manufacturing jobs and now stands at 11,9670,000 employment.  

However compared to 2002,  which saw its highest level of employment at 15, 475,000,  employment is down by 3.5 million manufacturing jobs.

Commenting on the overall condition of manufacturing employment, Scott Paul, executive director of the Alliance for American Manufacturing (AAM) praised President Obama  for outlining a goal of creating 1 million new manufacturing jobs by 2016.

"I’m glad the President believes in manufacturing, but this jobs report shows just how much work must be done to create those jobs," Scott said. "We are headed in the wrong direction, at least temporarily, after 31 pretty good months for manufacturing.

"We look forward to hearing exactly what Mitt Romney and President Obama propose to do to strengthen manufacturing in the weeks ahead. And, we call on Congress to pass legislation to deter China’s currency manipulation, which has contributed to the loss of nearly 3 million American jobs over the past decade."

Discuss this Article 4

Manmohan
on Sep 7, 2012

Informative article. There's a annual report on the State of Manufacturing on McGladrey website " http://bit.ly/IzVhuU " that readers may be interested. It offers insights and opinions of over 900 manufacturing executives.

AlexC
on Oct 4, 2012

U.S. manufacturing has been in contraction over the summer. A recent report from a private trade group, however, shows the very first growth since May. Article source: U.S. manufacturing sector shows first growth in four months

revvis
on Dec 10, 2012

The numbers don't look most promising but they could have been worse than this. Some improvement can be noticed in this industry. I am sure any payroll service statistic can confirm that too. We should just keep optimistic.

KevinD
on Mar 6, 2013

Even though 15000 jobs were lost, it doesn't mean that this situation is permanent. It affects us all, but we must remain positive.

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