Manufacturing and construction make small jobs gains in July
The manufacturing and construction industries continued to add jobs in July, but at a slower pace than the previous two months.
Manufacturing employment increased by 26,000 during the month. An employment gain in motor vehicles and parts (+39,000) was partially offset by losses in fabricated metal products (-11,000), machinery (-7,000), and computer and electronic products (-6,000). Although manufacturing has added 623,000 jobs over the past 3 months, employment is 740,000 lower than in February.
The construction industry added 20,000 jobs in July, following job gains of 619,000 in May and June combined. However, employment in the industry remains 444,000 below its February level.
Mining continued to shed jobs in July (-7,000), reflecting a loss in support activities for mining (-11,000). Mining has lost 127,000 jobs since a recent peak in January 2019, although nearly three-fourths of this decline has occurred since February 2020.
Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
