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Richmans' Trade and Taxes Blog
U.S. Manufacturing Employment Rose in January
According to the latest statistics released this morning by the Bureau of Labor Statistics, unemployment declined from 9.4% in December to 9.0% in January.
Part of the improvement came from the increase in manufacturing employment, which rose by 49,000 up to 11,617,000 in January from 11,568,000 in December. The chart below shows manufacturing employment over the past decade (seasonally adjusted):
The increased manufacturing employment coincides with improved fourth quarter trade numbers which were probably due to the weakening of the dollar, which was probably caused by the Federal Reserve's QE2.
Last 100 Years
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