US Factory Employment Drops to 5-Year Low as Manufacturing Slump Deepens

Two manufacturing activity reports highlight weak factory hiring in July, as soft demand weighed on orders and output.
US Factory Employment Drops to 5-Year Low as Manufacturing Slump Deepens
Workers put engines on the frame of Ford Motor Co. fuel-powered F-150 trucks under production at its truck plant in Dearborn, Mich., on Sept. 20, 2022. Jeff Kowalsky/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
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American factory employment sank in July to the lowest level since mid-2020, underscoring a deepening manufacturing downturn driven by dwindling demand and persistent trade policy uncertainty, according to closely watched industry surveys released Aug. 1 by ISM and S&P Global.

The drop in hiring came amid a broader deterioration in operating conditions. Both surveys reported soft orders and reduced output as factories cut back on inventories and workers. ISM’s employment index slid 1.6 points to 43.4 percent—its lowest reading since June 2020 and well below the 50-point threshold that separates expansion from contraction—marking the sixth straight month of job losses in the sector.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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