Economy
June 5, 2020
Employment by Industry in May
Written by Peter Wright
In May, manufacturing gained back 17 percent of April’s job losses, while construction gained back 47 percent, according to the latest Bureau of Labor Statistics data. The net change in employed persons was negative 20.7 million in April and positive 2.5 million in May.
Table 1 breaks total employment down into service and goods-producing industries and then into private and government employees. Most of the goods-producing employees work in manufacturing and construction and the components of these two sectors of most relevance to steel people are broken out in Table 1. Note, the subcomponents of both manufacturing and construction shown in Table 1 don’t add up to the total because we have only included those with the most relevance to the steel industry.
