A US Bureau of Labor Statistics report covering the month of March has highlighted some warning signs for the manufacturing industry, with figures showing notable job losses across the sector. The report demonstrated that over the course of the month 6,000 jobs in total were cut, providing a potential cause for concern for manufacturing workers. The majority of these job losses came from the automotive industry, which saw 6,300 job cuts coming from the motorized vehicle category, while other aspects of the manufacturing sector did not perform strongly enough to offset this shortfall.
Already speculation is beginning to mount over the extent to which these figures mark a reversal of fortunes for an industry in recovery. Since the dark days of early 2010, when the US economy was mid-way through a financial crisis, job growth in the manufacturing sector has been consistently strong, with over 1.3 million jobs created … Read more