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Manufacturing Is Weak Spot in Surprisingly Strong US Jobs Data
US manufacturers shed 7,000 jobs in September, a weak spot in an otherwise strong employment report. The US has lost 34,000 manufacturing jobs in the past two months, according to Bureau of Labor Statistics data out Friday. Employment now stands at a two-year low in a sector that has been struggling from weak demand, high interest rates and uncertainty about the presidential election that has hindered capital spending. The October jobs report published Nov. 1 may show further weakness in manufacturing after some 33,000 Boeing Co. factory workers started a strike in the second week of September. Manufacturing jobs ... (full story)
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- Posted: Oct 4, 2024 4:16pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,514
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