primary metal producers shed 2,900 jobs in June after shrinking
the workforce by 500 the previous month, while fabricated metal
products companies hired 10,600 workers last month following a
gain of 5,900 in May, according to non-seasonally adjusted data
released July 5 by the Bureau of Labor Statistics.
reduced their payrolls by 3.1 percent compared with June last
year as companies trimmed their headcount by 12,500, while
metal fabricators added 20,900 jobs in the same comparison, a
gain of 1.5 percent.
unemployment rate held steady at 7.6 percent.
sector added 89,000 jobs in June, up 0.7 percent from May.
Three bright spots were the machinery sector (which saw a
0.5-percent gain of 5,800 jobs), computer and electronic
products (up 0.7 percent, or 7,200 jobs) and motor vehicles and
parts (a 1.2-percent gain of 9,800 jobs).
the United States lost 6,000 manufacturing jobs in June,
representing "a setback in the effort to create 1 million new
manufacturing jobs in President Obamas second term,"
Scott Paul, president of the Alliance for American
Manufacturing, said in a statement. "The economy is producing
jobs, but they are, generally speaking, lousy ones.
Goods-producing, family supporting industries like
manufacturing are falling behind."
Paul Edelstein an
economist at Lexington, Mass.-based consultancy IHS Global
Insight, agreed that most of the 194,000 jobs created during
June were in services. One example is truck transportation: the
industry hired 9,300 people last month, a gain of nearly 0.7
However, "the private
sector is creating more jobs than previously thought,"
Edelstein said. "With the June number and upward revisions to
April and May, the three-month moving average in monthly
payrolls is now 199,000, compared to 163,000 following the May