327000 jobs added in past 12 months is Highest 12-Month Total since April 1995
Texas Insider Report: WASHINGTON D.C. President Donald Trump
said during the 2016 Presidential Campaign that he would restore manufacturing in the United States. The most recent jobs report gives him something to point to on that promise.
- The recently released July Jobs Report shows the manufacturing sector has added 327000 jobs over the past 12 months including 37000 jobs in July 2018.
- The 327000 jobs added over the past 12 months is the highest 12-month total since April 1995 when the number was 345000.
The latest addition also capped the strongest 12-month period for manufacturing jobs growth since 1995.
The National Association of Manufacturers appeared to give President Donald Trumps tax cuts regulatory relief and economic agenda some credit in a statement released Friday.
With 157000 jobs created in July including 37000 in manufacturing this report shows Tax Reform & Regulatory Relief are continuing to deliver for Americas manufacturing workers said Carolyn Lee executive director of
the National Association of Manufacturers Manufacturing Institute.
There has been some fear that Trumps trade fights with various countries
could weigh on job growth in the sector but so far manufacturing appears to be showing resilience.
While growth has been strong the overall number of manufacturing employees still remains well below the sectors peak in the late 1970s. And productivity growth or the amount of output a worker can produce in an hour
remains historically sluggish. Increased productivity is
the major contributor to wage growth and increased standards of living.
