One-Month Net Jobs Change Shows Early Employment Rebound

Jobs data from Automatic Data Process (ADP) recorded a total loss of 1.34M manufacturing jobs between January and April 2020.  May reported the first month of positive manufacturing jobs growth with an increase of 252,000.  Between May and August manufacturers added back nearly 600,000 jobs for a net-change of -744K in the year-to-date period.  

After the collapse of nearly 21-million US nonfarm jobs in April according to the Bureau of Labor Statistics, the ensuing rebound has exceeded 1-million jobs per month since May.  The August reading released today (9/4) reported 1.37M new jobs added.  Within the manufacturing industry a healthy 29,000 jobs were added in August by this measure.

Source: Bureau of Labor Statistics, visualized by Gardner Intelligence

Separately, jobs data from Automatic Data Process (ADP) recorded a total loss of 1.34M manufacturing jobs between January and April 2020.  May reported the first month of positive manufacturing jobs growth with an increase of 252,000.  Between May and August manufacturers added back nearly 600,000 jobs for a net-change of -744K in the year-to-date period.  This change brings lower the total number of those employed in manufacturing during 2020 to 12.05M as of August.

 

  

 

 

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