Manufacturing is now officially in recession

[wvit1001]

despite Trump’s vow to boost industry



Trump’s first two years in office, his standing with many voters was buoyed by a surge in manufacturing that helped create millions of new jobs and undergirded the whole U.S. economy.
But today, manufacturing has plunged into recession and is threatening to pull down other sectors, perhaps hitting hardest on supporters in those states that helped put Trump in office.

Impeachment may be dominating the news, but the less-noticed industrial slump ultimately could pose a greater threat to Trump’s reelection.

As measured by the Federal Reserve, manufacturing output shrank over two straight quarters this year. That’s the common definition of recession.

A separate, widely followed index drawn from purchasing managers showed September’s contraction in manufacturing was the steepest since June 2009, with production, inventories and new orders all falling.

And after adding nearly half a million jobs in the prior two years, which Trump frequently stressed in hard-hat rallies throughout the Midwest, manufacturing employment has stalled.

Instead of healthy job growth, layoff announcements have spiked this year, especially in battleground states like Pennsylvania and Michigan. Friday’s jobs report for September showed a slight drop in total factory jobs.




https://www.latimes.com/politics/story/2019-10-09/despite-trump-vow-manufacturing-in-recession

[Truman62]

tRump Tariff Tax Effect!

[wmdn_bs]

We have laid off nearly 20% of our staff so far this calendar year. The slowest we've been since the last GOP recession.

[wvit1001]

trucking is also taking a hit.

[wmdn_bs]

The trade war has hit us particularly hard since we were a large exporter to Asia, mainly China. I hope we survive until Trump is removed from office.

[omiaqt]

Think where the economy would have gone, had the Clinton Crime Family won the election, ms/mr davik62 & wmd_bs??

[wmdn_bs]

I have. It would be soaring.

[D2D]

[Truman62]

Poof!  It's ALL gone!

[D2D]

Davik says the American economy is exploding as fast as the Cas-A supernova!

I never knew you were a fan of President Trumps, Davik!

[gwboolean]

I never knew that Dildo would throw his Dear Leader under the bus so quickly.

[D2D]

More NOTHING from Democrats!