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More Output, Fewer Workers
U.S. factory output continued to grow in August, but the picture for employment was mixed, a possible sign of lingering uncertainty about the coronavirus pandemic among American manufacturers. A survey of purchasing managers compiled by the Institute for Supply Management found that U.S. factory output advanced in August at the fastest pace since November 2018. But firms continued to cut workers, reflecting a wariness about future prospects and health concerns. Sluggish employment, if sustained, could pose a threat to the recovery just as the economy is starting to pick up following several months of pandemic-related lockdowns. Other manufacturing powerhouses such as China and Germany also saw continued contraction in factory employment, Paul Hannon and David Harrison report.
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Newsletter: More Factory Output, Fewer Factory Workers - The Wall Street Journal
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