This morning, I read an article on Bloomberg about the “fizzle” in manufacturing job growth in the United States. Over the last 12 months, according to the Bureau of Labor Statistics, the US economy has created 24,000 manufacturing jobs. Over the last 6 months, it has shed 24,000. Yes, it supposedly created 14,000 in August, but it cut 16,000 in July.
While these types of numbers aren’t cause for pulling out your hair, they are far from the expectations many analysts had for the manufacturing sector not so long ago. Surely, US exports are at an all-time high, and that is a very good thing. However, US manufacturing really hasn’t grown terribly much over the last, well, pick your time frame…Read On…
The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.