Job losses continue in manufacturing

March 12, 2001

Large job losses continued in manufacturing, where employment declined by 94,000 in February, following a similar loss (as revised) in January.

Diffusion of employment change over 1-month span, seasonally adjusted, February 2000-February 2001
[Chart data—TXT]

With the exception of motor vehicles, where some workers returned from temporary layoffs, employment declines in manufacturing were widespread in February. The diffusion index of employment change in manufacturing was 28.1. (An index under 50 indicates that employment is contracting in more industries than it is expanding in.)

Total nonfarm payroll employment increased by 135,000, in February. The job losses in manufacturing were offset by gains in services and most other major industry divisions.

These data are from the Current Employment Statistics program. The total private diffusion index is calculated from 356 industry employment series covering the entire private sector. The manufacturing diffusion index is based on 139 industries. To derive the indexes, each component industry is assigned a value of 0, 50, or 100, depending on whether its employment decreased, was unchanged, or increased. The average value is the diffusion index. For more information on labor market developments, see news release USDL 01-57, The Employment Situation: February 2001.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Job losses continue in manufacturing on the Internet at http://www.bls.gov/opub/ted/2001/mar/wk2/art01.htm (visited April 24, 2014).

OF INTEREST

Spotlight on Statistics: Productivity

This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy.  Read more »