In USA even though the majority of the business sectors are getting affected because of the recent tariff and trade war issues, it seems like some manufacturing sectors in the US are doing good than many people expected. Because according to a recent report, manufacturing units of durable goods and machinery units have posted lots of job openings for new workers. The job opening rates for manufacturing units of durable goods have increased to 4 percent in this year’s October month which shows how much demand for labors is growing in manufacturing factories. Even though a majority of the automobile sectors are getting affected because of tariff issues still these business sectors are creating more jobs than any other businesses.
Many US business sectors are right now going through tough times because of the trade war and tariff issues but even after all of these this recent data shows that manufacturing units of durable goods offered more than 332000 new jobs. According to the Manufacturing technology association, it’s been reported the number of sales of machine tools has been increased from the last few months. More than 1.6 billion dollars worth of machine tools were sold from August to October which shows that the demand for the machinery tools has increased and that’s why so many factories are offering new jobs.
The overall percentage of unemployment in the US has decreased from the last few years, but the important thing is that most of the number of jobs has created either by manufacturing units or retails businesses. Many businesses sectors are suffering from stagnant economic growth, but still, there are many manufacturing units which are creating important jobs for the majority of workers.
Paul is an American-based writer covering Latest business trends. Paul cover Business and media for many news sites. He has been breaking news and writing features on these topics for major publications since 2012. Paul prefers writing about business news keeping science and technology into perspective.