Widespread job losses continued in the manufacturing sector in February, with a decline of 168,000 jobs, according to the Bureau of Labor Statistics.
Much of that decline was in durable goods, which was down 132,000. Specifically, fabricated metal products had a 28,000 decrease, and machinery fell by 25,000.
Employment in nondurable goods manufacturing fell by 36,000 in the month.
Construction lost 104,000 jobs in February; employment in that industry has fallen by 1.1 million since peaking in January 2007.
Two-fifths of that decline occurred in the past four months. Employment fell in both the residential and nonresidential sectors in February.
Employment declined in most major industry sectors in February, with the …
Manufacturing, Construction Employment Continues to Fall in February
Widespread job losses continued in the manufacturing sector in February, with a decline of 168,000 jobs, according to the Bureau of Labor Statistics.
Much of that decline was in durable goods, which was down 132,000. Specifically, fabricated metal products had a 28,000 decrease, and machinery fell by 25,000.
Employment in nondurable goods manufacturing fell by 36,000 in the month.
Construction lost 104,000 jobs in February; employment in that industry has fallen by 1.1 million since peaking in January 2007.
Two-fifths of that decline occurred in the past four months. Employment fell in both the residential and nonresidential sectors in February.
Employment declined in most major industry sectors in February, with the …
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