Copying and distributing are prohibited without permission of the publisher

(AMM) Metals producers add jobs, but fabricators see layoffs

September 03, 2010 - 18:32 GMT Location: CHICAGO

KEYWORDS: producers , fabricators jobs , Bureau of Labor Statistics

The primary metals industry gained 700 jobs in August vs. the previous month and has added 20,500 jobs since August 2009, a 5.8-percent increase year on year, according to data issued Friday by the Bureau of Labor Statistics .

The fabricated metal products industry lost 1,700 jobs month on month but has added 29,500 jobs since August 2009, for a year-on-year gain of 2.3 percent.

The U.S. manufacturing sector shed 27,000 jobs in August compared with July, down 0.2 percent, and the employment levels were down 3,000 jobs or flat on a percentage basis from August 2009,...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • COMMENT: When super-cycle poster child BHP Billiton trims its plans...

    BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.

  • LORD COPPER: There is nothing to fear after JP Morgan loss ...

    So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

Upcoming Events