The 'Manufacturing Renaissance' Has Stopped Creating New Jobs

Manufacturing output continues to rise.

But the jobs are still missing.

Today’s non-farm payroll report from the BLS shows the U.S. manufacturing sector lost 8,000 jobs in May, the fourth-straight monthly decline.

Here’s the chart from BLS since 2010, which shows we’ve now plateaued for about a year at the 12-million payroll level:

manufacturing payrolls chart

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