


Economic News from RSM
by Irina Im
Even with the job growth in June, the softening in the manufacturing job market has continued since November as the sector adapts to the slowdown in overall manufacturing activity.
Total employment increased by 261,000 jobs in October, which brought the total gain in employment this year to 4 million positions.
After three months of softening manufacturing payroll data, hiring continued and experienced an uptick in October, according to Bureau of Labor Statistics data released Friday.
Irina Im is a senior manager in the business tax practice at RSM Canada working with Canadian and multinational corporations, both publicly and privately held. In May 2022, Irina joined RSM’s Industry Eminence Program, which positions her to understand, forecast and communicate economic, business and technology trends shaping the industrials industry.