January 4, 2018

Manufacturing added 32,000 jobs last month, in spite of the continued growth in the trade deficit. Employment in the sector is now up by 284,000 over the last year. There had been some shortening of the average workweek in manufacturing, especially in the durable sector, which limited the increase in the index of aggregate hours between July and November to just 0.1 percent overall and left it flat for durable manufacturing. However, an increase in the average workweek in December caused the overall index to rise 0.5 percentage points and the durable index to increase 0.4 percentage points. For more, check out the latest Jobs Byte.