Washington, D.C. — Factories gained 28,000 jobs in November, according to data released by the Bureau of Labor Statistics jobs report on Friday.
Alliance for American Manufacturing President Scott Paul said:
“Factory jobs rebounded nicely in November, reflecting the successful resolution of the autoworkers’ strikes. Overall, manufacturing hiring has been relatively flat over the past year. And that’s concerning.
“There’s a record amount of new factory construction underway, which bodes well for the future, but the Federal Reserve’s interest rate policies and subsequent impact on the economy are dragging down a sector that’s an engine for economic strength.”