06 January 2012 18:08 [Source: ICIS news]
WASHINGTON (ICIS)--The ?xml:namespace>
As part of its overall monthly employment report, the department said the chemicals industry workforce grew to 782,900 in December compared with the November figure of 781,900.
That jobs gain in the chemicals sector was part of an increase in jobs growth for selected industries, the report indicated.
The 200,000 jobs added nationwide in December were chiefly in transportation, retail trade, health care, mining and manufacturing – with the latter category including the chemicals workforce increase.
Employment in the
That loss of 1,400 jobs in the plastics industry was matched by a 1,400-jobs downturn in the furniture manufacturing sector. Another 2,300 jobs were lost in the
But according to the National Association of Manufacturers (NAM), the December upturn in jobs growth – and especially the net gain of 23,000 workers in manufacturing – “is definitely good news”.
“The domestic economy, particularly among manufacturers, is starting to rebound after several weak months in mid-2011,” said
“More importantly, recent data suggest that manufacturers are upbeat about production and employment moving forward – a positive sign for the coming months,” he said.
However, Moutray added, “we should also appreciate that significant weaknesses persist in the marketplace”.
“The unemployment rate is still stubbornly high, the housing market is improving but still depressed, economic anxieties about Europe still resonate as well as the uncertainty being created in
Economists worry that the new albeit mild recession now developing in Europe could hinder the
Moutray also was referring to the
“These concerns suggest that businesses remain cautiously optimistic about 2012,” Moutray said, “but they are mindful of headwinds that still persist around them.”
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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