Fox News attempted to negatively spin a January jobs report from the Bureau of Labor Statistics (BLS) by complaining about a lack of manufacturing jobs being created. Unfortunately for Fox, the report actually revealed robust job creation in manufacturing, which put total employment in that industry at a seven-year high.
On February 5, the BLS released its monthly "Employment Situation" summary for January 2016. The data showed that the economy created 151,000 jobs last month, and the unemployment rate fell marginally to 4.9 percent -- its lowest point since February 2008. Economists and experts generally agreed that the report was "very encouraging."
On the February 5 edition of Fox News' Your World, host Neil Cavuto and Fox Business host Gerri Willis complained that the report did not show enough evidence of job creation in well-paid industries like manufacturing (emphasis added):
GERRI WILLIS: A jobless rate of 4.9 percent, that is an eight-year low, looks so good. Lucious, right? Maybe not ... The number of jobs created in the month, you're showing it right now: 151,000. A disappointment compared to what we expected: 200,000.
Now, good news on the wages front, up over the last 12 months 2.5 percent. You can see that there, $25.39 an hour. So that seems to be good news. Dig further though, Neil, what do we see? Here's what we see, the jobs created are disappointing. 58,000 retail jobs, we're talking about clerks, cashiers, people who walk through the Walmart, those are the kinds of jobs created. And also, restaurant and bars, so waitresses, waiters, bartenders, 47,000 jobs created.
We know from experience that these aren't the kind of jobs that can really fuel family growth, fuel family wealth. This isn't what the middle class needs right now, and that's what's so disappointing about this jobs report, today. We're not seeing the kinds of big-time manufacturing jobs being created in this economy, and that's what Americans really need.
Unfortunately for Fox News, the jobs report Cavuto and Willis discussed actually showed robust job creation in manufacturing (+29,000). MarketWatch columnist Rex Nutting noted that those 29,000 new workers pushed total manufacturing employment to 12.4 million, a seven-year high (emphasis added):
Apparently, no one told American manufacturers that their business is collapsing, because they kept on hiring more workers in January.
The Bureau of Labor Statistics reported Friday that manufacturing companies added 29,000 workers in January to reach a seven-year high of 12.4 million. After a soft patch in the middle of last year, it was the fourth month in a row that manufacturing payrolls had increased.
Not only were factories hiring, they were working their employees longer shifts. Average weekly hours rose a tick to 40.7 hours in January, which is significant because the manufacturing workweek is considered to be one of the best leading indicators for the health of the economy as a whole. Despite the strong dollar, the drop in export orders and the decrease in capital spending, average hours in manufacturing have been roughly unchanged since April.