Manufacturing Slowing Down ?

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The US Lost Manufacturing Jobs Under Reagan, Bust 1 & Bush 2. The US Gained Manufacturing Jobs Under Clinton & Obama.

 

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Granny says, "Dat's right - Trump is good fer the economy...

138,000 Manufacturing Jobs Added This Year
November 3, 2017 | The United States has gained 138,000 manufacturing jobs in 2017, according to data released today by the Bureau of Labor Statistics.

In December, the last month of 2016, there were 12,343,000 employed in manufacturing in the United States, according to BLS. By October, that had risen to 12,481,000. The 12,481,000 people employed in the manufacturing in October was the most since January 2009, the month that Barack Obama was inaugurated president. That month, there were 12,561,000 employed in manufacturing. But in February 2009, manufacturing employment fell to 12,380,000.

Between September and October of this year, manufacturing employment increased by 24,000—rising from 12,457,000 in September to October’s 12,481,000. While employment was rising in manufacturing during October, it was also rising in government. From September to October, employment in state, local and federal government rose from 22,352,000 to 22,361,000—an increase of 9,000 for the month.

So far in 2017, government has added 62,000 jobs—increasing from 22,299,000 in December 2016 to October’s 22,361,000. Government jobs increases at each level of government—rising from 2,809,000 to 2,814,000 on the federal level, 5,089,000 to 5,091,000 on the state level; and 14,454,000 to 14,456,000 on the local level. Government jobs now outnumber manufacturing jobs in the United States by 9,880,000. Manufacturing jobs peaked at 19,533,000 in June 1979. Government jobs exceeded manufacturing jobs in the United States for the first time in August 1989.

138,000 Manufacturing Jobs Added This Year

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95,385,000: Record Number Not in Labor Force; Participation Rate Falls to 62.7%
November 3, 2017 – The economy added 261,000 jobs in October – the most since President Trump took office -- and the nation’s unemployment rate dropped another tenth of a point to 4.1 percent, the Bureau of Labor Statistics reported on Friday.

But a record number of Americans – 95,385,000 – were not in the labor force in October, and the critical labor force participation rate dropped four-tenths of a point to 62.7 percent, a disappointing show, as 76,500 Americans left the civilian labor force.. The previous "not in the labor force" record of 95,102,000 was set in December 2016, the final full month of the Barack Obama presidency. And the labor force participation rate reached 38-year low of 62.4 percent in September 2015, near the end of Obama's second term. The participation rate has not improved much since then, although it had been trending up since May 2017.

In October, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 255,766,000. Of those, 160,381,000 participated in the labor force by either holding a job or actively seeking one. The 160,381,000 who participated in the labor force equaled 62.7 percent of the 255,766,000 civilian noninstitutionalized population.

Employment in food services and drinking places increased sharply in October, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey. Job gains also occurred in professional and business services, manufacturing, and health care.

Among the major worker groups, the unemployment rates for adult women (3.6 percent) and Whites (3.5 percent) declined in October. The jobless rates for adult men (3.8 percent), teenagers (13.7 percent), Blacks (7.5 percent), Asians (3.1 percent), and Hispanics (4.8 percent) showed little change. The Bureau of Labor Statistics says job gains have averaged 162,000 over the last 3 months.

95,385,000: Record Number Not in Labor Force; Participation Rate Falls to 62.7%