Posted November 4, 2011
Factory jobs rise in October
Manufacturers added 5,000 jobs in October according to the latest jobs report from the Department of of Labor.
Manufacturing employment has remained essentially flat for three months. In October, a job gain in transportation equipment (+10,000) was partly offset by small losses in other manufacturing industries.
Construction employment declined by 20,000 in October, largely offsetting an increase of 27,000 in September; both over-the-month changes largely occurred in nonresidential construction. Employment in both residential and nonresidential construction has shown little net change in 2011.
Nonfarm payroll employment continued to trend up in October (+80,000), and the unemployment rate was little changed at 9.0 percent.
