RV News

Trends: U.S. Manufacturing Sector Adds 26,000 Jobs in First Quarter

Gross job gains exceeded gross job losses in 10 of 13 industries in the first quarter of 2019, according to the Bureau of Labor Statistics. The service-providing industries experienced a net job increase of 414,000 jobs in the first quarter of 2019.

The goods-producing industries experienced a net job increase of 111,000 jobs in the first quarter of 2019. Of the goods-producing industries, construction experienced a net increase of 84,000 jobs, manufacturing added 26,000 jobs, and natural resources and mining showed a net gain of 1,000 jobs.

Within service-providing industries, education and health services had the largest over-the-quarter net job increase, with a gain of 152,000 jobs. This was the result of 1,003,000 gross job gains and 851,000 gross job losses. The leisure and hospitality sector had the second largest increase among service-providing industries, with a net gain of 140,000 jobs.

Gross job gains from opening and expanding private-sector establishments were 7.4 million, a decrease of 393,000 jobs from the previous quarter. Gross job losses from closing and contracting private-sector establishments were 6.9 million, a decrease of 107,000 jobs from the previous quarter.

Related Articles

Back to top button