US manufacturing, New York Times’ inflation epiphany, and humbug Christmas spending.
The US manufacturing sector is struggling to grow. Despite President Joe Biden and the Democrats injecting hundreds of billions of dollars into the industry to achieve the incumbent’s plagiarized Made in America objective, the return on investment has been poor, especially for taxpayers. What are the recent data points conveying to the public?
The Manufacturing Numbers
Last month, manufacturing payrolls declined by 35,000, according to the Bureau of Labor Statistics’ October jobs report. After an initial bump to kick off the year, employment in the sector has flatlined and slumped. While the White House repeatedly claims that it created 800,000 new manufacturing jobs, the accurate data show that the figure is closer to 200,000.
In addition, the two chief industry reports point to a stagflationary…
