Washington, D.C. — Factories gained 17,000 jobs in September, according to data released by the Bureau of Labor Statistics on Friday.
Alliance for American Manufacturing President Scott Paul said:
“After a long period of stagnant hiring in factories, it’s good to see slow and steady job growth again. While there’s still many reasons for concern — high interest rates, uncertainty because of the chaotic nature of Congress, foreign currency interventions, and more — I believe manufacturing has a bright future ahead.”
The White House has proclaimed today “Manufacturing Day,” and we do in fact have a lot to celebrate:
- Booming construction of manufacturing facilities, led by semiconductor fabs;
- 13 million manufacturing jobs, the highest total in 15 or so years;
- Abundant (640,000) openings in factories;
- Policy support unmatched in modern history through infrastructure investment, procurement, Made in America clean energy incentives, and tariffs on some imports;
- A trade deficit with China that is DOWN 33% compared to last year.
“As anyone in the industry can tell you, we can’t take anything for granted. It’s vital that the United States continues to implement policy that supports and strengthens domestic manufacturing, from investing in critical industries to enforcing our trade laws to counter China’s predatory practices.”