Our Data     Sample Profile     User Reviews     Compare Versions     Subscription Pricing     Weekly Webinar     IndustrySelect Blog     Contact Us     FREE DEMO

Labor Report: October Job Creation in Manufacturing Accelerates

Posted by IndustrySelect on Friday, November 5, 2021


New data released by the Bureau of Labor Statistics finds October’s job creation in the U.S. manufacturing sector more than doubled over last month, while unfilled positions in the sector have finally begun to decline.

In October, U.S. manufacturers added 60,000 new positions --- more than double September’s gain of 26,000. Meanwhile, employment in the U.S. economy overall increased by 531,000 jobs and the unemployment rate eased to 4.6%. The labor participation rate was unchanged at 61.6, the lowest rate the nation has seen since the 1970s.

If you’re looking to help manufacturers with their staffing and workforce or automation needs, an IndustrySelect subscription can help you find new customers in the industrial world. Click here to try out a demo loaded with 600 free leads or see a sample profile.

Today, we’re exploring the most recent manufacturing numbers from the Labor Department, providing the gains and losses by specific subsector, as well as the latest in manufacturing job openings.

Hiring Struggles Turns Corner

The latest Job Openings and Labor Turnover, released in October, finds that the number of job openings in the sector fell slightly, with unfilled positions now at 892,000, compared to 942,000 unfilled positions in August. This is an encouraging trend as industrial companies have struggled to fill open positions for several months. However, unfilled positions in manufacturing remain at historic levels. For instance, job openings in manufacturing in May of 2020 stood at 323,000.

The Manufacturing Sectors That Added the Most Jobs in October 2021

In October, both durable and non-durable goods manufacturing added jobs, with durable goods adding 41,000 jobs and non-durable goods adding another 19,000.

Gains were overwhelmingly led by the automotive sector, with motor vehicles and parts adding 27,000 jobs. This was followed by fabricated metal products with 5,800 jobs, chemical manufacturing, with 5,600 positions, and miscellaneous durable goods with 4,400. Printing and related support activities added 4,200 jobs in October, while computer and electronic products added 3,500 workers. Additional gains were seen in plastics and rubber products, paper products, food manufacturing, semiconductors, primary metals, and wood products.

The Manufacturing Industries That Lost Jobs in October 2021

Notably in October, job losses in manufacturing were negligible, with just two sectors posting losses. Furniture manufacturing shed just 600 jobs, while nonmetallic mineral products lost 400 jobs. All other industrial sectors either remained unchanged or added jobs, suggesting that industrial companies are making some headway on the labor front.

Helping Manufacturers With Staffing Needs

Powered by MNI’s hand-verified industrial information, IndustrySelect provides instant access to 460,000 industrial business profiles, including one million executives. Types of executive decision makers include those in Human Resources, Health & Safety, Research & Development and more! To get a hands-on look at how an IndustrySelect subscription can help you reach manufacturers like these, visit our website and try out a free demo.


Want to keep up with the latest sales and marketing trends and exclusive industrial statistics from MNI? The free weekly IndustrySelect Insider email is the industry's top source for sales, marketing and industrial news you can't find anywhere else. Subscribe here.

Google NewsFollow IndustrySelect on Google News
Get 500 FREE
Industrial Leads from
Reach U.S. manufacturers, suppliers, and industrial service providers with B2B company data
Researched firsthand by real people for unparalleled accuracy and detail, trusted by over 50,000 professionals at small businesses to Fortune 500 companies
IndustrySelect is the Industrial Database
Sales • Marketing • Recruiting • Research
Check  Identify prospects by location, industry, size
Check  View complete company profiles
Check  Executive contact data with direct emails
Check  Get instant counts, build unlimited lists
Check  Export profiles to your CRM
Check  Locate top executives by name & title
Check  Collaborate with your sales team
Check  See parent company and family tree
Check  Discover a company's key competitors
Check  Uncover hidden prospects with Intent Data
Check  Clone your best customers Customer Match
Check  Pricing levels for all budgets
Check  Use on your PC, Mac, tablet, or smartphone
Get 500 FREE demo leads now!
© 2024 MNI     License Agreement     Terms of Use     Legal Information     Privacy Policy     Do Not Sell My Personal Information     Help Us Fight Data Theft