September 6, 2013: A rough day for the U.S. manufacturing sector, and more.

Posted by LDonia on 09/06/2013

Good morning,

It’s the first Friday of the month, September 6, 2013: Jobs day. And we’ve got a whole new report from the Bureau of Labor Statistics to examine. So let’s get to it.

In August, the country added 169,000 jobs -- 14,000 of those in manufacturing. That’s good! But the adjusted numbers for July showed a huge loss in manufacturing employment that month, instead of the net positive we originally reported. And that’s bad.

So how goes President Obama’s goal of 1 million new manufacturing jobs by the end of his term? Let’s check the #AAMeter:

If you think the meter is looking pretty forlorn, don’t worry: You aren’t alone. Only 12,000 new manufacturing jobs since January is pretty paltry, and it’s definitely not the kind of job creation that will build a real economic recovery.

For a full statement from the Alliance for American Manufacturing (AAM), and some jobs-data commentary from AAM President Scott Paul, click here.

Elsewhere around the web:

The G20 summit, taking place in St Petersburg, Russia, has produced a couple of agreements between President Obama and his foreign counterparts.

A new climate agreement between the U.S. and China was announced today. President Obama and Chinese President Xi Jinping will work to eliminate hydrofluorocarbons (HFCs) through the Montreal Protocol, writes Juliet Eilperin for the Washington Post.

After meeting with Japanese Prime Minister Shinzo Abe yesterday, the president has pledged to complete the Trans-Pacific Partnership (TPP) trade agreement this year, Voice of America reports. Let’s hope the TPP addresses Japan’s closed auto market and its nasty habit of manipulating its currency.

The United Auto Workers (UAW) have confirmed they’re in talks to represent workers at a Volkswagen plant in Chattanooga, Tennessee. Union reps met with VW officials in Germany to discuss introducing German-style works councils to the Chattanooga plant, which include both laborers and executives who cooperate to determine issues ranging from company strategy to job conditions. Volkswagen has 102 plants worldwide, and all of them -- except for the Tennessee factory and those VW operates in China -- have such a council.

And lastly:

Next month brings National Manufacturing Day! And to get in the spirit, we’ll be sharing an interesting manufacturing fact each day leading up to October 4. Our first fact takes us to Groton, Connecticut, home of the world’s first nuclear-powered submarine.

Have a great weekend.


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