Washington, D.C. – Manufacturing gained 7,000 jobs in June, according to data released by the Bureau of Labor Statistics on Friday.
Alliance for American Manufacturing President Scott Paul said:
“Despite the boom in factory construction, manufacturing job gains have been weak in 2023, a streak that continued in June. The Federal Reserve’s interest rate hikes have really stifled short-term employment growth in the industry. I continue to be bullish on factory job growth in the future, with hundreds of billions of dollars in new investments on the horizon.”