Manufacturing Sheds 5,000 More Jobs In October

Jan. 13, 2005
By John S. McClenahen In stark contrast to the 337,000 jobs created overall in the U.S. nonfarm economy in October, the manufacturing sector lost 5,000 additional jobs, the U.S. Labor Department reported on Nov. 5. Indeed, the department noted that ...
ByJohn S. McClenahen In stark contrast to the 337,000 jobs created overall in the U.S. nonfarm economy in October, the manufacturing sector lost 5,000 additional jobs, the U.S. Labor Department reported on Nov. 5. Indeed, the department noted that manufacturing employment has shown little change since May, a contrast to the four months from February through May, when 82,000 manufacturing jobs were created. Construction and service-sector industries were the main drivers of October's unexpectedly large jobs gain. Construction added 71,000 jobs last month, with "some of this unusually large gain [reflecting] rebuilding and cleanup activity in the Southeast following the four hurricanes that struck the U.S. in August and September," said Kathleen P. Utgoff, the commissioner of the Labor Department's Bureau of Labor Statistics. Employment in professional and business services rose by 97,000 in October, with 48,000 of those jobs in temporary help services, she added. The U.S. unemployment rate, which is based on a different survey from the one tracking jobs created or lost, actually rose one-tenth of a percentage point last month as more people were actively looking for work.

Popular Sponsored Recommendations

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!