More jobs in the U.S. are being created in manufacturing, construction and service industries, while fewer jobs are being lost to outsourcing and automation, according to the latest data from the Bureau of Labor Statistics.
In an interview with The American Conservatives, BLS Deputy Director of Research Mark Zandi said that the overall job growth numbers from the BLS for July showed that “there’s been a significant increase in the number of Americans getting jobs and new jobs in construction and manufacturing.”
“The manufacturing sector has been the most significant growth sector, but it’s not just manufacturing jobs,” Zandi told the conservative website.
“The manufacturing jobs growth is also happening in service and wholesale industries.”
He added, “If you’re not doing that in the service sector, you’re doing it in the non-manufacturing industries, too.”
In addition, the BPS said that there was a “sharp rise” in manufacturing employment since the first quarter of 2018, a number that Zandi attributed to a combination of factors including “the Trump tax plan and uncertainty about the tax bill.”
The data was released Wednesday after a Labor Department study said that manufacturing employment has been flat or declining in the United States since mid-2017.
The BLS, meanwhile, has revised down the U,S.
manufacturing employment growth estimate from 2.8 million to 2.2 million, which Zandi called “a little misleading.”
In the meantime, the number working in manufacturing has been rising at a rate of about 0.4 percent annually since late 2017.
According to Zandi, this year’s report, which is due out in mid-October, is likely to be revised downward, but he noted that the Belsizing process is ongoing.
Zandi noted that manufacturing has seen a rise in both new jobs and “job losses.”
For example, in July, the Bureau’s jobs report indicated that there were 8.7 million manufacturing jobs in existence, but Zandi added that the number was likely much higher, since many manufacturing jobs are in construction, such as the construction of buildings, or at restaurants and retail stores.
The Trump administration, however, has called for “realignment” of manufacturing jobs from the construction sector to the service industry, which could lead to “greater job growth” for those workers.
The administration has also advocated for more automation of manufacturing, which in turn could lead, in part, to a greater share of jobs being created by robots.
While some economists have pointed to recent data showing that manufacturing jobs have been expanding, the data has not been as consistent as it could be, as a number of other factors have been at play, including “labor market conditions,” “the timing of tax cuts and tax reform,” and “new manufacturing investments that could help meet economic growth,” according to Ziski.
Still, the unemployment rate has fallen below 4 percent for the first time since February, and there have been more than 1.6 million jobs added in manufacturing since the start of the year.
Zandi noted, however that the current pace of job growth “will likely be much lower than what we had anticipated,” because many manufacturing workers have been laying off their jobs in recent months.
“We don’t know how long we’re going to have this sustained rate of job creation,” Ziskin told The American Caller News Foundation.
“We may be able to do more than just the Bleszinski scenario that we had previously.”
Follow Jeff on Twitter: [email protected]