Factories Lose 3,000 Jobs in August
The manufacturing sector lost 3,000 jobs in August, according to the latest employment data from the Labor Department.
Said Alliance for American Manufacturing (AAM) President Scott Paul:
"Although factory jobs declined slightly in August, it’s important to note that metal-consuming fabrication added 4,000 net jobs. It’s far too early to say how much of this overall factory job stall has resulted from typical summer slowdowns, emerging global weakness, exchange rate effects, or recent tariff changes.
"One item Congress should consider in its waning days is that long-promised boost in infrastructure investment. And the Trump administration should change course and designate China as a currency manipulator when its Treasury Department reports on exchange rate policies next month. Both of these measures would help domestic manufacturers and workers."
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