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The latest employment summary from the U.S. Department of Labor released January 10th finds employment levels in U.S. manufacturing declined by 13,000 in December. This follows a gain of 22,000 jobs in November as transportation workers returned from a massive strike in the fall.
Meanwhile, the overall jobs report found the U.S. economy added 256,000 jobs in December, roughly in line with the 227,000 jobs the economy in November. The unemployment rate was little changed at 4.1%. Employment gains were led by health care, government, social assistance, and retail trade added jobs.
Additionally, the latest Job Openings and Labor Turnover survey finds that unfilled positions in U.S. manufacturing declined. The Labor Department recorded 410,000 unfilled positions for the sector in November, compared to October’s 471,000 open positions. (JOLTS data runs a few months behind).
Meanwhile, a more in-depth look at the data from the Labor Department finds some notable gains—and losses within specific subsectors. Let’s take a look:
In December, losses were led by durable goods, which shed 16,000 jobs. Meanwhile, nondurable goods gained 3,000 jobs for and net loss of 13,000 positions. Let’s take a look at specific industry subsectors.
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December manufacturing job losses were led by the computer and electronic products sector, which lost 6,200 jobs. This was followed by semiconductors and motor vehicles, each of which shed 4,100 jobs. Other sectors losing jobs included food manufacturing (-2,000); furniture manufacturing (-1,900 jobs); electrical equipment (-1,400); and paper manufacturing (-1,300).
Additional losses were seen in wood products, fabricated metals, computer manufacturing, and communications equipment.
Employment gains were few and far between, and were strongest in beverage, tobacco, and leather products, which added 4,900 jobs and plastic and rubber products, which added 1,200. Marginal gains were also seen in miscellaneous manufacturing; chemical manufacturing; and petroleum and coal products.
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Editor's note: This article is updated on the first Friday of every month, based on the latest data released by the Department of Labor.
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