US Manufacturing Cuts 9000 Jobs in October

US Manufacturing Cuts 9000 Jobs in October

By Bill Koenig US manufacturers pared 9000 jobs in October, with the machinery sector being the month’s big loser.

Both durable and non-durable goods contributed to the total manufacturing job loss. Makers of durable goods cut 5000 jobs while non-durable goods makers pared 4000, according to a breakdown by industry issued today by the Bureau of Labor Statistics.

Within durable goods, machinery lost 6200 jobs. It was also the worst job performance of any manufacturing category. Other durable goods job losers included transportation equipment (down 2300). That included a loss of 100 jobs for motor vehicles and parts.Job durable goods job […]

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