Statement on Latest Monthly Jobs Report, from Alliance for American Manufacturing (AAM)
The latest monthly jobs report was issued this morning, with the unemployment rate little changed at 9.0%, according to the U.S. Bureau of Labor Statistics. Manufacturing gained only 5,000 jobs.
CLICK HERE for an audio statement from Alliance for American Manufacturing (AAM) Executive Director Scott Paul (length 2:15) regarding the latest monthly U.S. jobs report.
Said Scott Paul, Executive Director of the Alliance for American Manufacturing (AAM):
"This jobs report still isn’t good enough. Manufacturing, which had been contributing an outsized share of growth, fell flat again, with only 5,000 jobs added in October. Manufacturing job growth over the past four months has averaged 250 jobs per month compared to 23,300 per month for the first six months of this year. It’s clear that manufacturing employment is stalling, which should be alarming to anyone concerned about the job prospects for Americans who do not possess a four year college degree.
"Meanwhile, Congress dithers. There is no jobs agenda in the House of Representatives, and partisan politics are impeding progress in the Senate. There are plenty of effective steps Congress could take to spur manufacturing employment: targeted tax assistance, investments in infrastructure and innovation, and a more aggressive trade policy to boost exports and level the playing field for American workers and businesses. We have outlined a bipartisan, common-sense plan for job growth. It’s time for Congress to step up and do the right thing."