Washington, D.C. – Manufacturing lost 2,000 jobs in May, according to data released by the Bureau of Labor Statistics on Friday.
Alliance for American Manufacturing President Scott Paul said:
“There’s good reason to be bullish on the future of American manufacturing with factory construction booming, but we can’t overlook the current weakness in employment numbers. Factory jobs have been stalled this year, partly a product of the Federal Reserve’s interest rate hikes. The industrial policies put into place by Congress and the administration will bear fruit, as long as monetary policy doesn’t stand in the way.
“With the debt ceiling drama behind us, we look forward to working with Congress to advance additional competitiveness measures that will ensure a strong future for American manufacturing.”