industry employment rose in November, but some steel industry
sources said they remain reluctant to hire now and in the
One steel service
center operator said his orders are thin and he has production
workers performing maintenance, and he doesnt believe
its just a seasonal effect.
participants cited uncertainty about the health-care law and
its impact on labor costs, while still others said they expect
another hit to business confidence when Congress reconvenes in
January to deal with budget, deficit and debt ceiling
producers hired 900 people during November, a 0.2-percent
increase over October but 1.4 percent below the industrys
employment base in November 2012, according to the latest
Bureau of Labor Statistics report.
The metal fabricating
industry hired 800 people last month, bringing the head count
to more than 1.45 million, non-seasonally adjusted data
motor vehicles and parts hired 7,600 workers in November, and
employment is up 5.4 percent from a year earlier to about
The unemployment rate
declined to 7 percent in November from 7.3 percent in October,
and total nonfarm payroll employment (seasonally adjusted) rose
Some of the positive
data might be due to federal government employees who were
furloughed in October returning to work in November.
force growth trends continue to be negative," Douglas Handler,
chief U.S. economist at IHS Global Insight Inc., Lexington,
Some steel industry
sources said they dont trust the reliability of the
headline jobless rate, saying it doesnt reflect the
long-term unemployed who have given up looking for work.
Indeed, the total
population not in the work force has increased by 2.3 million
in the past 12 months, Labor Statistics data show.