Manufacturers Add 18,000 Jobs in September as Unemployment Hits Lowest Rate Since 1969
92.5 percent of manufacturers in Q3 2018 said they have a positive outlook for their businesses. The non-farm unemployment rate fell to 3.7 percent–the lowest level since December 1969.
The manufacturing data reinforces this positive outlook. The BLS reported that manufacturers added 18,000 workers in September and revised the July and August figures upward by a significant amount. Those revisions increased manufacturing employment by a total of 12,000 workers. Overall, the data continue to show strong hiring in manufacturing. That is consistent with healthy growth in the manufacturing sector, including solid demand and production, not to mention the record-breaking overall outlook.