October Manufacturing Employment Increased by 32,000 Jobs

October Manufacturing Employment Up Tuesday Tidbit by Rivet MRO Industrial Marketing Agency and Industrial Distributor Co-op Consultant.png

According to Industrial Supply Magazine, factory employment increased by 32,000 in October, while the construction industry added 30,000 jobs.

Most of the increase in manufacturing occurred in durable goods manufacturing, with a gain in transportation equipment (+10,000). Manufacturing has added 296,000 jobs over the year, largely in durable goods industries.

Construction employment rose by 30,000 in October, with nearly half of the gain occurring among residential specialty trade contractors (+14,000). Over the year, construction has added 330,000 jobs.

Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today.