Here are several measures of manufacturing employment. ADP suggests continued deterioration, while QCEW (through March) fell as official employment rose.
Figure 1: Manufacturing employment from CES (black), implied preliminary benchmark for March (gray square), ADP (brown), and QCEW seasonally adjusted by author (blue), in 000’s, s.a. Seasonal adjustment using X-13 in logs. Source: BLS, ADP via FRED, BLS, and author’s calculations.
dnyuz.com/2026/08/05/crocs-has-a-trick-for-dodging-taxes-a-tiny-office-in-malta
Crocs designs its shoes here but has them made in places like Vietnam which is pretty standard. What’s new here is the ways it evades US taxes by opening a tiny office in Malta. And yes MAGA tax policy enables this blatant tax evasion.