Manufacturing declined by 5,000 jobs in May
• Nonfarm payroll employment increased by 54,000 jobs in May.
• The unemployment rate is 9.1 percent.
• Manufacturing declined by 5,000 jobs in May.
Said Scott Paul, Executive Director of the Alliance for American Manufacturing (AAM):
"There is not even a tiny bit of good news in this jobs report. The manufacturing rebound has faltered, the jobless rate is up, and private sector job growth is anemic.
"We can turn this around, but only with positive steps from Congress and the Administration. Voters should be outraged that the jobs deficit is nowhere on the agenda in Washington. We need sustained investments in infrastructure, innovation, education, and a rebuilding of manufacturing, but instead all we see is a blind obsession with the federal deficit.
"A rebound in manufacturing is essential to the health of our economy, but it will not be possible without a serious strategy or a long overdue rebalancing of our economy."