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About 9 percent of the nation's jobs are in manufacturing. But last year, factories added 13 percent of new jobs. And in January, about one-fifth of the 243,000 net jobs the economy created were in manufacturing. The economy grew at an annual rate of 2.8 percent in the final three months of last year. Economists are looking for roughly the same level growth in the current quarter. And a forecasting panel of the National Association for Business Economics said Monday that the economy should grow 2.3 percent this year. Demand in many durable goods categories showed declines in January. Orders for commercial aircraft, a volatile category, fell 19 percent after two months of big gains. Orders for motor vehicles and parts edged up 0.9 percent. The overall transportation category posted a 6.1 percent decline while orders outside of transportation were down 3.2 percent. Other areas showing weakness were primary metals such as steel, down 6.7 percent, and machinery, which fell 10.4 percent. Orders for computers and related products were down 10.1 percent.
[Associated
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