AAM Statement: Factories Still Down 543,000 Jobs Since February

Tags Jobs Jobs and the U.S. Economy Manufacturing

Washington, D.C. – Manufacturing gained 38,000 jobs in December, according to data released on Friday by the Bureau of Labor Statistics, but the sector is still down 543,000 jobs since February. The entire economy lost 140,000 jobs last month. 

Meanwhile, new trade figures show released on Thursday show the goods deficit with China increased to $30 billion in November. 

Alliance for American Manufacturing President Scott Paul said:

“With the last jobs report while Donald Trump remains president, we can now say with absolute clarity: Donald Trump failed to revive American manufacturing. The heart of America’s economy is in worse shape than when he entered office. We have lost more than 543,000 factory jobs since the COVID-19 pandemic began. The trade deficit –Trump’s favorite measurement of success or failure – is at record levels. 

“We look forward to working with Congress and the Biden administration to make bold investments in our nation’s industry, infrastructure, innovation base, clean energy future, and workforce training programs.”