
The sector shed 12,000 jobs in February, marking 23 declines in 25 months and the longest contraction streak since the 2008 financial crisis.
U.S. manufacturing employment dropped by 12,000 positions in February to 12.57 million, reaching its lowest level since January 2022. The industry has now contracted in 23 of the past 25 months, representing its most prolonged downturn since the 2008 financial crisis. This continued decline highlights ongoing challenges facing American manufacturing, including automation, reshoring adjustments, and global competition pressures that have limited job growth despite overall economic resilience.