Strong hiring within the manufacturing, transportation and warehousing and health-care sectors during April helped the U.S. economy notch its twelfth straight month of job gains of 400,000 or more.
The U.S. economy added 428,000 jobs last month, the Labor Department reported Friday, the identical gain as in March that followed a jump of 714,000 in February and 504,000 in January.
Manufacturing, the industry that saw the biggest one-month pop in job gains, added 55,000 jobs through the first month of the second quarter.
Government economists said nearly all of manufacturers’ gains got here from hiring at durable goods plants. Wood product producers added 3,600 positions, machinery makers tacked on 7,400 and businesses that craft transportation equipment — including motorized vehicle parts — added 13,700 jobs.
Department of Labor Secretary Marty Walsh touted the past yr’s healthy jobs figures and acknowledged manufacturers’ solid performance last month.
“We’re seeing [strong numbers in] the manufacturing sector — we saw some great growth, we’re very joyful about that,” Walsh told CNBC’s “Squawk on the Street” Friday morning. “We saw some good growth in retail as well. Not only the web side, we saw it within the stores.”
Walsh’s boss, President Joe Biden, is visiting Cincinnati on Friday to advertise advanced manufacturing and is predicted to supply comments later within the day on the administration’s efforts to expand domestic production in the approaching years.
Retailers, which market and sell goods to American consumers, added 29,200 jobs in April.
While retail employment statistics have been volatile in recent times because of the results of the Covid-19 pandemic and government-imposed lockdowns, those figures are routinely at risk of seasonal shopping trends. Stores are inclined to bulk up on staff in the autumn and winter to organize for the busy holiday season, and trim down payrolls within the spring and summer.
The Labor Department does try and control for those seasonal differences, but even with that consideration, retail’s gain of 29,200 represents the sector’s best April jobs performance since 2014.
Leisure and hospitality, which incorporates hotels, restaurants and amusement parks, added a net 78,000 jobs in April. Throughout the industry, restaurants and bars added 43,800 jobs, hotels and other lodging businesses tacked on 22,300 and performing arts and spectator sports businesses added 13,300.
Despite the long string of strong monthly job gains, nevertheless, employment in leisure and hospitality continues to be down by 1.4 million jobs, or 8.5%, since February 2020.
Transportation and warehousing, an industry scrutinized for potential supply chain relief, also posted a solid month of job creation with a net gain of 52,000. The Labor Department said warehousing and storage facilities added 17,000 jobs, couriers and messengers rose by 15,000, truck transportation gained 13,000, and air transportation climbed 4,000.
Employment in transportation and warehousing is 674,000 above its February 2020 level, led by strong growth in warehousing and storage and in couriers and messengers, which have risen by 467,000 and 259,000, respectively, since Covid-19 reached U.S. shores.
The broad health and social services sector added 34,000 jobs to payrolls, thanks largely to gains amongst ambulatory health-care staff, a broad definition that features private doctors’ and dentists’ offices and other outpatient care facilities.
— CNBC’s Crystal Mercedes contributed reporting.
