Manufacturing 2016-3
Last month some were saying US manufacturing was doing well, when in fact it is in a downturn. This months BLS labor report further supports a downturn in manufacturing. The unadjusted data shows manufacturing lost 9000 jobs in February. Normally February is a good month for hiring in manufacturing, at least under good conditions employment doesn't fall. The BLS seasonally adjusted data set supports this assertion showing a 16k job loss in manufacturing since the seasonal adjustment formula was expecting manufacturing employment to rise like normal.
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