Manufacturing jobs dry up
Friday, February 01, 2013
After generating nearly a quarter million jobs since the recession ended, the U.S. manufacturing sector created just 4,000 new positions in January, according to the latest jobs report from the Bureau of Labor Statistics. The industry has basically seen zero job growth since the middle of last year.
The manufacturing recovery "is clearly petering out," said Alan Tonelson, a research fellow at the U.S. Business and Industry Council, which represents smaller and mid-size manufacturers.
Slowing U.S. demand for goods, sluggish economic growth overseas, and uncertainty over the federal budget mess are among the factors keeping a lid on the sector.Click here to read the article...