U.S. Manufacturing At Slowest Pace Since 2010, Fewer Jobs Added

U.S. manufacturing jobs
U.S. manufacturing jobs

By Steven C. Johnson

NEW YORK, July 24 -- U.S. manufacturing this month expanded at its slowest pace since late 2010, hobbled by weak overseas demand for American goods, though a rise in domestic orders helped cushion the blow.

Financial information firm Markit said on Tuesday its U.S. "flash" manufacturing Purchasing Managers Index for July fell to 51.8 from 52.5 in June. July marked the fourth consecutive month of slower growth and the sector's weakest showing since December 2010.