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Posted January 9, 2015

Factory employment up in December

Manufacturing employment increased by 17,000 in December, with durable goods (+13,000) accounting for most of the gain.


The monthly jobs report from the U.S. Bureau of Labor Statistics showed that manufacturing added an average of 16,000 jobs per month in 2014, compared with an average gain of 7,000 jobs per month in 2013.

Construction added 48,000 jobs in December, well above the employment gains in recent months. Specialty trade contractors added jobs in December (+26,000), with the gain about equally split between residential and nonresidential contractors. Employment also increased in heavy and civil engineering construction (+12,000) and in nonresidential building (+10,000).

Total nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6 percent.

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