Manufacturing and construction employment improved in June
More workers returned to manufacturing and construction jobs in June, as total employment rose by 4.8 million and the unemployment rate declined to 11.1 percent.
Manufacturing employment rose by 356,000 but is down by 757,000 since February. June employment increases were concentrated in durable goods, with motor vehicles and parts (+196,000) accounting for over half of the job gain in manufacturing. Employment also increased over the month in miscellaneous durable goods manufacturing (+26,000) and machinery (+18,000). Within the nondurable goods component, the largest job gain occurred in plastics and rubber products (+22,000).
Construction employment increased by 158,000 in June, following a gain of 453,000 in May. These gains accounted for more than half of the decline in March and April (-1.1 million combined). Over-the-month gains occurred in specialty trade contractors (+135,000), with growth about equally split between the residential and nonresidential components. Job gains also occurred in construction of buildings (+32,000).
Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent.
INDUSTRIAL SUPPLY MAGAZINE
The July/Aug. issue of Industrial Supply magazine is off the press. It features an in-depth cover story about how Brown Aviation Tool Supply created a niche in the aerospace market. Plus articles by contributing writers that include Troy Harrison, Tim Rasmussen, Jason Bader and other leading experts in the distribution community.
