Bureau of Labor Statistics Employment Situation
On the first Friday of every month, the U.S. Department of Labor's Bureau of Labor Statistics releases the Employment Situation Summary (also known as the Employment or Jobs Report). The report estimates the number of people employed and unemployed; SME reviews the data related to manufacturing and provides comment.
Workers Return to the Labor Market, Jobs Beat Expectations
August 5, 2016
July’s manufacturing economic report mantra of “stay the course” continued with today’s Bureau of Labor Statistics Employment Situation report, adding 9,000 jobs for the month. Meanwhile, women in manufacturing also increased in July, reaching the highest level since May 2009.
“When comparing all of the recent economic reports, we’re seeing a strong setup for the start of the third quarter,” said Jeff Krause, CEO, SME. “Today’s jobs report further supports this, indicating sidelined workers are returning to the job hunt without spiking unemployment.”
Overall, nonfarm employment nationwide increased by 255,000 in July – beating economists’ forecasts of 175,000 jobs.
Women in Manufacturing Hits Seven-year High, Optimism Continues Job Growth
July 8, 2016
Manufacturing continued to show its optimism in June by gaining 14,000 workers as overall nonfarm payroll grew by 287,000. Released today, the Bureau of Labor Statistics monthly Employment Situation report also noted a rise of 0.2 percentage points in the overall unemployment rate to 4.9 percent.
Of particular interest, is the pace at which women have been joining the manufacturing workforce, gaining at a rate more than two times greater than overall manufacturing employment. June saw the highest level of women employees in manufacturing in the past seven years and even outpaced the rate of women entering the workforce as a whole.
“Manufacturers are creating meaningful careers and actively recruiting a diverse workforce, boosting the number of women in STEM fields,” said SME Chief Executive Officer Jeff Krause. “Not only are we seeing hiring from today’s report, but other recent reports also reinforce the optimism within the industry.”
Manufacturing Employment Continues to Climb
May 6, 2016
An improving manufacturing environment was underscored today by results indicated in the Bureau of Labor Statistics jobs report for April.
Overall, total U.S. employment increased by 160,000 in April; unemployment held at 5%.
“We see this as another positive report: in the first quarter, employment grew by 200,000 every month on average. Manufacturing jobs increased compared to March – and compared to last April – and average earnings have increased as well. These numbers are deeply relevant: these are real people building a future making American products and creating wealth,” said SME Chief Executive Officer Jeff Krause.