Though the US public sector has been shedding jobs and the private sector remains sluggish, the manufacturing industry hired 36,000 people in July. The United States unemployment rate remained unchanged at a high 9.5\% as employers and companies remained nervous about hiring new workers and the public sector laid off 143,000 temporary 2010 US Census workers during July. State and local governments, facing major budget deficits, also laid off many people. The Labor Department also revised their job report for June. The new version now states that 221,000 jobs were lost in June, worse than the previous estimate of 125,000. The previous estimate also said that 83,000 private sector jobs were created, however the new estimate says that just 31,000 private positions were filled. "Slower growth looks certain, but it's not a double dip," said Wells Fargo economist Mark Vitner. Economists Jim O'Sullivan and Dean Maki say that jobs gains will pick up to 170,000 a month by the fourth quarter. Vitner says that jobs will gain at 87,000 per month for the rest of 2010. The manufacturing industry has added 183,000 jobs this year including 36,000 in July. Some American companies are shifting overseas manufacturing jobs back to the US, primarily citing rising costs of doing business in China and decreased wages in the US, among other considerations such as long supply lines and difficulty protecting intellectual property rights in Asia. GE has relocated production of their new energy efficient water heaters to the US, while Ford Motor has brought 2,000 jobs to the US from suppliers, including those from overseas.
Though the US public sector has been shedding jobs and the private sector remains sluggish, the manufacturing industry hired 36,000 people in July. The United States unemployment rate remained unchanged at a high 9.5\% as employers and companies remained nervous about hiring new workers and the public sector laid off 143,000 temporary workers during July. State and local governments, facing major budget deficits, also laid off many people. The also revised their job report for June. The new version now states that 221,000 jobs were lost in June, worse than the previous estimate of 125,000. The previous estimate also said that 83,000 private sector jobs were created, however the new estimate says that just 31,000 private positions were filled. "Slower growth looks certain, but it's not a double dip," said economist Mark Vitner. Economists Jim O'Sullivan and Dean Maki say that jobs gains will pick up to 170,000 a month by the fourth quarter. Vitner says that jobs will gain at 87,000 per month for the rest of 2010. The manufacturing industry has added 183,000 jobs this year including 36,000 in July. Some American companies are shifting overseas manufacturing jobs back to the US, primarily citing rising costs of doing business in and decreased wages in the US, among other considerations such as long supply lines and difficulty protecting intellectual property rights in . has relocated production of their new energy efficient water heaters to the US, while has brought 2,000 jobs to the US from suppliers, including those from overseas.
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2010 US Census
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Labor Department
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Wells Fargo
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China
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Asia. GE
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Ford Motor