US chemicals and plastics producers shed jobs in May

01 June 2012 17:22  [Source: ICIS news]

WASHINGTON (ICIS)--The US chemicals sector and plastics manufacturers both shed some jobs in May, the Department of Labor said on Friday, part of an overall disappointing jobs performance picture for last month.

In its monthly employment report, the department said the chemicals manufacturing sector lost about 1,200 employees in May, falling to a total workforce strength of 796,100.

In terms of the overall chemicals labour force, however, that employment easing was marginal, representing only a one-tenth of 1% decline.

In the plastics and rubber products industry, the department said the workforce fell by 800 positions last month to 634,900, also a razor-thin decline.

The May declines in employment for both sectors followed similar job losses in April.

For the US overall, the department said unemployment rose slightly in May to 8.2%, up from the April rate of 8.1%.

The economy added only 69,000 new jobs in May, well below the 150,000 workforce expansion that had been expected and the fourth straight month of declining or underperforming jobs growth.

Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy

By: Joe Kamalick
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly