Jobs Data Show U.S. Factories Bearing Brunt of Slowdown
This article is for subscribers only.
The biggest decline in factory jobs in two years reported today by the U.S. Labor Department adds to signs that manufacturing is bearing the brunt of the slowdown in global growth.
Factory payrolls declined by 15,000 workers last month, according to the figures issued today in Washington. The workweek shrank and the share of industries hiring plunged to the lowest level in almost three years.