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Job Creation Booms Despite Manufacturing Losses

on February 7, 2020, 10:33 am MST

January's 225,000 additions comfortably exceed analysts' expectations for around 160,000 new jobs. But financial activities, retail trade and temporary health services sectors all contracted last month, as did a manufacturing industry that spent much of last year in recession.

Separate manufacturing reports suggest industrial activity rebounded last month, but the BLS estimates the sector still shed 12,000 positions after dropping 5,000 in December. Continued manufacturing weakness – particularly in politically significant states to the 2020 presidential election, such as Pennsylvania, Michigan and Wisconsin – could be problematic for President Donald Trump's reelection bid, considering his administration's focus on revitalizing the sector.

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