The Department of Labor reported this morning that America's manufacturing sector added 8,000 jobs in February.
[Reposted from the blog of the Alliance for American Manufacturing | March 6, 2014]
The #AAMeter, which tracks President Obama's promise to create 1 million new manufacturing jobs in his second term, progressed to +383,000 jobs, after revisions to January’s data.
Additionally, the U.S. Commerce Department reported this morning that America's monthly goods trade deficit with China climbed to $28.6 billion in January. The country’s deficit with Japan climbed to $5.7 billion in the same month.
Said Alliance for American Manufacturing (AAM) President Scott Paul:
"This jobs report just goes to show the economy, and specifically our manufacturing sector, still faces a big threat in unchecked foreign currency manipulation by China and Japan. In order to reach the president’s goal of creating 1 million new manufacturing jobs in his second term, Washington must put the right policies in place. These include a currency provision in the Trans-Pacific Partnership, business tax reform that recognizes domestic manufacturing’s critical role in our economy, and a serious long-term investment in infrastructure."
The #AAMeter: During his re-election campaign, President Obama set a goal of creating 1 million new manufacturing jobs in his second term. The Alliance for American Manufacturing continues to track the president's progress via our monthly manufacturing jobs tracker, the #AAMeter, based on monthly jobs data from the Bureau of Labor Statistics.
The Alliance for American Manufacturing (AAM) is a non-profit, non-partisan partnership formed in 2007 by some of America’s leading manufacturers and the United Steelworkers. Our mission is to strengthen American manufacturing and create new private-sector jobs through smart public policies. We believe that an innovative and growing manufacturing base is vital to America’s economic and national security, as well as to providing good jobs for future generations. AAM achieves its mission through research, public education, advocacy, strategic communications, and coalition building around the issues that matter most to America’s manufacturers and workers.