Durable Goods Factory Jobs Are Expanding at a Fast Pace for the First Time in Years
The best-kept secret in the U.S. economy right now is that we’re experiencing a manufacturing renaissance.
Durable goods manufacturing added 18,000 jobs in July, its best month of the year. Over the three months through July, durable goods payrolls rose 44,000. Motor vehicles and parts accounted for 7,900 of the July gain. Machinery added 2,600, fabricated metals 2,500, and computers and electronics 2,900, including 1,700 semiconductor jobs.
During the first four months of the year, durable goods added 28,000 jobs, an average of 7,000 a month. May, June, and July produced 44,000 jobs...
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