Manufacturing Employment Jumped by 60,000 in October
Nonfarm payroll employment, seasonally adjusted, Oct. 2019–Oct. 2021.
Edited by Margo Ellis
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Nonfarm payroll employment, seasonally adjusted, Oct. 2019–Oct. 2021. Photo credit: U.S. Bureau of Labor Statistics.
Manufacturing employment jumped by 60,000 in October. Durable and nondurable goods employment rose by 41,000 and 19,000, respectively. More important, total employment in the sector has risen 298,000 year to date in 2021, putting it on track for the best annual job growth since 1997 (304,000), with 12,529,000 workers in October. However, there remained 270,000 fewer manufacturing employees relative to pre-pandemic levels.
The average hourly earnings of production and nonsupervisory workers in manufacturing rose 0.3% from $24.14 in September to $24.22 in October, with a 5.4% increase over the past year, up from $22.99 in October 2020. That was the fastest wage growth since August 1982. The full Bureau of Labor Statistics from the Department of Labor report is here.
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