Washington, D.C. – Manufacturing gained 27,000 jobs in November, according to data released on Friday by the Bureau of Labor Statistics, but the sector is still down 599,000 jobs since February.
Meanwhile, new trade figures show the U.S. goods deficit with China hit $26.5 billion in October.
Alliance for American Manufacturing President Scott Paul said:
“This isn’t a v-shaped trajectory for factory workers. Massive public investment and getting the pandemic under control are critical. Meanwhile, our trade deficit with China is climbing again. Not an auspicious ending for a president who said he would bring factory jobs back and get the trade deficit under control.”
Recent research by the Economic Policy Institute found up to 12.9 million new jobs could be created by investing in infrastructure and clean energy and rebalancing trade.