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Despite a booming construction sector, the latest reports on jobs and manufacturing have some concerned that the U.S. economy is losing some of its steam.
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The employment picture in the U.S. continues to improve but the manufacturing sector is fighting to show better signs of life.
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Economic Watch: The nation’s unemployment rate fell 0.2 of a percent point in June to 5.3%, its lowest rate since April 2008, while 7,400 jobs were added in the for-hire trucking sector.
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New orders for factory-made goods continue to disappoint, falling 0.4% in April from the month before and marking the eighth decline in the last nine months.
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New orders and shipments of factory made goods turned around in March, according to a new Commerce Department Report released Monday.
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Both the unemployment rate and the number of people without jobs fell in February, according to Labor Department figures released Friday.
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A full report on activity at U.S. factories in December shows drops in both shipments and new orders, according to the U.S. Commerce Department.
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The number of people who found jobs in November increased dramatically from the month before but the unemployment rate was unchanged, according to U.S. Labor Department numbers released Friday morning.
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Shipments of U.S. manufactured goods increased again in July, while new orders for them skyrocketed, with both hitting record high levels going back to 1992.
Read More →UPDATED -- Shipments increased 0.5% from the month before following a May drop of 1%, hitting its highest level on record.
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