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December Shows Continuing Manufacturing Job Gains but Returning Wage Woes
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
wallstreetexaminer.com / by Alan Tonelson, Courtesy of RealityChek. • January 9, 2015
Manufacturing reenforced its recent good job gains in December, adding 17,000 net new positions on top of upwardly revised October and November improvements. The sector’s employment, moreover, now stands at its highest level since February, 2009. But manufacturing’s share of total U.S. employment remained at its historic low, and current dollar wages fell in December month-to-month for the third time this year. Moreover, inflation-adjusted gains for November (the latest available figures) were much too small to affect the sector’s lagging performance.
Here’s my detailed analysis of the manufacturing employment picture based on this morning’s December monthly employment report from the Bureau of Labor Statistics, plus the Bureau’s interactive historical database (which you can access here):
>Today’s December manufacturing jobs figures provided further evidence of the sector’s recovery from a summer employment slump. In addition, to industry gaining 17,000 jobs last month on a monthly basis, November’s very strong 28,000 gain was revised up to 29,000, and October’s 20,000 net new job figure was revised up to 24,000.
>As a result, manufacturing’s December employment level of 12.239 million was its highest since February, 2009, when it totaled 12.381 million.
>Manufacturing’s year-on-year job-creation was impressive in December as well, reaching a record net gain of 186,000 for 2014. This total was also much higher than the 88,000 gain from December, 2012 to December, 2013.
The post December Shows Continuing Manufacturing Job Gains but Returning Wage Woes appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2015/01/09/december-shows-continuing-manufacturing-job-gains-but-returning-wage-woes/
