This morning, the Department of Labor reported that America's manufacturing sector did not add any jobs in August.
The AAMeter, which tracks President Obama's promise to create one million new manufacturing jobs in his second term, declined slightly to +193,000 jobs.
Said Alliance for American Manufacturing (AAM) President Scott Paul: "This jobs report is a big disappointment for factory workers. While we can never read too much into just a month’s worth of data, a goose egg for manufacturing doesn’t look like progress to me. And it will be hard to consistently move the manufacturing jobs number up unless our goods trade deficit with China comes down.
"Two years ago President Obama campaigned on a pledge to create one million new manufacturing jobs in his second term. Our AAMeter shows progress toward that goal is stalling. A national manufacturing strategy could help get us back on track."
The AAMeter: During his re-election campaign, President Obama set a goal of creating one million new manufacturing jobs in his second term. The Alliance for American Manufacturing (AAM) 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.