Manufacturing added 22,000 jobs in March as the sector outperformed the overall economy.
The manufacturing job gain was entirely in durable goods, according to a breakdown by industry sector released today by the US Bureau of Labor Statistics. Non-durable goods broke even on jobs, with no net gain.
The manufacturing employment increase compared with a total non-farm job gain of 103,000. That was far below the 326,000 non-farm job increase posted in February.
Manufacturing in February posted a 32,000 job gain, based on adjusted figures. While the March manufacturing job gain wasn’t as robust, the falloff was less severe compared with the total job figure.
Within durable goods, fabricated metal products recorded an increase of 8800 jobs, the biggest job gainer. Transportation equipment had a 4800 job gain. Within that category, motorized vehicles and parts added 3300 jobs.
Only two durable goods sectors posted job losses, according to the report. They were primary metals (down 1100) and communications equipment (down 100).
Manufacturing totaled 12.632 million on a seasonally adjusted basis in March. That was up from an adjusted 12.61 million in February and 12.4 million in March 2017.
Manufacturing jobs peaked in June 1979 (19.6 million on a seasonally adjusted basis, 19.7 million unadjusted). That sank to a low of 11.45 million adjusted and 11.34 million unadjusted in February 2010 following a severe recession caused by the 2008 financial crisis.
Since that low, new manufacturing jobs have been created requiring increased skills because of increased automation and technology in factories