NAM: Durable Goods Drive Growth In Manufacturing Job Openings Job openings for manufacturing increased by 31,000 to 462,000 in January, according to a report from the Na- tional Association of Manufacturers (NAM). The gain was concentrated primarily in durable goods, up 26,000, while nondurable goods job openings rose by a smaller 4,000. The manufacturing job openings rate edged up 0.2 per- cent to 3.5 percent in January but declined from 4.1 per- cent the previous year. The rate for durable goods man- ufacturing increased 0.4 percent to 3.9 percent, while it inched up 0.1 percent to 2.9 percent for nondurable goods. In the larger economy, the number of job openings rose to 7.7 million, an increase of 232,000 from the previous month but a decrease of 728,000 from the previous year. The job openings rate increased to 4.6 percent, up from 4.5 percent in December but down from 5.1 percent last year. While this data reflects an overall labor market that has cooled significantly, steady hiring and low layoffs sug- gest the labor market remains solid. The number of hires in the overall economy was rel- atively unchanged at 5.4 million in January but dropped 179,000 from the previous year. The hires rate for the over- all economy stayed the same in January at 3.4 percent. Meanwhile the hires rate for manufacturing increased 0.2 percent to 2.6 percent. The hires rate for durable goods
rose 0.5 percent to 2.5 percent but fell 0.2 percent to 2.8 percent for nondurable goods. Total separations, which include quits, layoffs, discharges and other separations, rose 170,000 from December to 5.3 million but dropped 177,000 from the previous year. The total separations rate inched up 0.1 percent to 3.3 percent for the overall econo- my and stayed the same for manufacturing at 2.5 percent. Within that rate, layoffs and discharges rose by 6,000 in January for manufacturing, while quits increased by 5,000. AF&PA Releases February 2025 Packaging Papers Monthly Report The American Forest & Paper Association (AF&PA) re- leased the February 2025 Packaging Papers Month- ly report. Total packaging papers & specialty packaging shipments in February decreased 8 percent compared to February 2024. They were down 2 percent when com- pared to the same 2 months of 2024. The operating rate for unbleached packaging papers was 84.8 percent, down 3.2 points from February 2024 and up 0.6 points year-to-date. Shipments of the biggest subgrade in bleached packaging papers—food wrap- ping—were 22,500 short tons for the month of February, down 5.3 percent from the same month last year. For the complete report, contact Kory Bockman at (202) 463-4716 or at Statistics_Publications@afandpa.org.
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March 24, 2025
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