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Manufacturing Job Numbers Dip Slightly
The number of U.S. job openings in manufacturing edged down in October, while overall job opening numbers rose slightly, according to the U.S. Bureau of Labor Statistics.
What’s going on: There were 465,000 seasonally adjusted open positions in manufacturing in October, a small decrease from 478,000 in September.
- The number was down significantly from October 2023, when there were 576,000 seasonally adjusted U.S. job openings in manufacturing.
- In the larger economy, there were 7,744,000 seasonally adjusted job openings in October, up a bit from September’s 7,372,000.
- Year-over-year, seasonally adjusted total job openings were down about 12% (there were 8,685,000 in October 2023).
The details: Job availability in durable goods moved down in October, to 317,000 seasonally adjusted openings from 321,000 in September. The number was a more significant decrease from October 2023, when the total was 364,000.
- In nondurable goods, openings came in at a seasonally adjusted 148,000, a mild decline from September’s 156,000. In October 2023, there were 213,000 seasonally adjusted manufacturing job openings in nondurable goods.
Quits, layoffs and discharges: Quits in manufacturing inched up slightly in October to a seasonally adjusted 209,000 from September’s 200,000.
- Layoffs and discharges declined more, to 111,000 from 159,000. These decreased most notably in durable goods, to 55,000 in October from 92,000 in September.