In particular, the new numbers confirm that there is a major slowdown underway in the creation of jobs making things: manufacturing, mining and construction.
Those “goods-producing” sectors, as Labor Department classifications call them, added an average of 58,000 jobs a month in 2018. That is now down to 23,000 a month thus far in 2019 — and a mere 15,000 in July.
— The New York Times
The New York Times reports that as most economic figures remain steady, a look at some of the "fine print" of recent economic data might be cause for concern, particularly within the manufacturing and construction sectors, which are seeing lagging job growth.
According to The New York Times, recent United States Labor Department figures indicate that a softening housing market and sagging investment in new construction have reduced the number of new construction jobs by 75-percent over the last year. Slowing growth has also hit the manufacturing sector, which is producing half as many jobs in 2019 as in 2018.
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