U.S. manufacturing hiring up; Iowa growth expected to slow
Friday, December 06, 2013 3:45 PM
The latest monthly U.S. jobs report shows that the manufacturing sector added 27,000 jobs in November, contributing to a year-to-date gain of 63,000 manufacturing jobs this year, the Alliance for American Manufacturing announced. It's also the first time since April 2009 that manufacturing employment has been above 12 million. November's increase was the largest monthly gain since March 2012, and it was mostly consistent with the recent pickup in new orders and production for the sector since the beginning of the third quarter, said Chad Moutray, chief economist with the National Association of Manufacturers. "This is definitely an encouraging sign, particularly given the hesitance of many business leaders of late to add new workers given uncertainties in the market," he said. For Iowa, however, new factory orders decreased for a third consecutive month in October, according to the Iowa Leading Indicators report released this morning. The new orders index dropped to 58, just above the 57.1 value from one year ago; it remains above the expansion level of 50.Creighton University economist Ernie Goss, who compiles the new orders index, said he expects Iowa's manufacturing growth to continue to diminish in the months ahead.