CHICAGO Employment at U.S. metal producers and metal
fabrication shops declined last month, although the latest
Bureau of Labor Statistics report shows employment within the
two sectors has grown incrementally since last year.
The number of workers in the
metal producer sector fell 2,200 in November, a 0.5-percent
decline from the previous month, while fabricators employed
1,300 fewer workers, a 0.1-percent dip.
The manufacturing sector as a
whole shed 40,000 jobs last month (not seasonally adjusted), a
decline of 0.3 percent following the loss of 24,000 jobs in
Coal and mining outside of
energy extraction employed 296,200 workers in November, down
2,100 from October and 12,500 lower than a year earlier.
Metal producers hired 4,600 more
workers in the past year, a 1.1-percent increase, while metal
fabricators hired 48,500 people in the same period, a
"Im troubled by the stall
weve seen in manufacturing job growth. Manufacturing
unemployment (seasonally adjusted) has been essentially
unchanged since May," Scott Paul, executive director of the
Alliance for American Manufacturing, said in a statement.
"President Obama has laid out a goal of creating 1 million new
manufacturing jobs in his second term. That wont be easy
to do if we are merely treading water."
The total seasonally adjusted
addition of 146,000 jobs was better than expected, said Nigel
Gault, chief U.S. economist for Lexington, Mass.-based
consultancy IHS Global Insight Inc. But the unemployment rate
fell to 7.7 percent for the "wrong" reasons, as both household
employment and the size of the labor force declined, he
"The good news is not that the labor market is improving
rapidlyit isntbut that employment growth is
holding up despite all the fears over the fiscal cliff," Gault
said, suggesting employment growth could accelerate in