Economic data for January 2018

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Economic data from January 2018 shows that manufacturing production is up over the previous year at the fastest rate in a decade.

Manufacturing employment increased by 10,000 people and manufacturing payrolls increased by nearly 12,000 jobs, while the unemployment rate dropped to 6.4 percent.

Manufacturing is one of the most important sectors for the U.S. economy, with about 12 million people employed in the industry.

This data will help guide the next economic data release in coming months.

Manufacturers are also spending more than ever, adding an additional $1 trillion in investment this year.

Source: Bureau of Labor Statistics