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A sizeable gain in trucking employment helped the total number of job additions move higher in January, according to a new Labor Department report.
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The number of overall job additions in the U.S. slowed in December as the trucking industry shed some positions, while separate reports show a bit of softening in the factory sector, amid a new concern about the overall economic performance in the final part of 2017.
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Employers added another 261,000 non-farm jobs to the nation’s payrolls in October, but none were from trucking, according to a Labor Department report. A separate report showed another good month for the nation’s factories.
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An indicator of business spending surged in July despite a big drop in total factory orders, according to final numbers released Tuesday by the Commerce Department.
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There are conflicting reports on activity in the nation’s manufacturing sector. One report says it moved into high gear in June, hitting a near three-year high, while a separate one indicated conditions were the weakest since last September.
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Growth in the U.S. economy during the first quarter didn’t slow as much as first estimated, according to government numbers released Friday, while separate reports showed weaker factory activity but continued high consumer sentiment.
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Despite a possible sign auto sales may have plateaued, several economic reports this week continue to look strong, including factory-made goods and the U.S. trade deficit.
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An increase in new factory orders is one of the latest economic signs that the Federal Reserve is moving close to another jump in interest rates, some analysts believe.
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The for-hire trucking industry was partly to thank for the 156,000 non-farm jobs additions in the U.S. during December, according to new Labor Department figures. A separate report shows manufacturing remains healthy despite small declines in new orders.
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Employers continued adding jobs in the U.S. during October, according to a new Labor Department report, and trucking was one of many industries that helped push the number higher.
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