Can we settle on a verdict on whether the trade war saved manufacturing? One way is to examine how the manufacturing sector fared. FIgure 1: Manufacturing employment (black), aggregate hours (red), of production and nonsupervisory workers; manufacturing production (teal), all in logs, 2018M06=0. Light orange denotes Section 301 tariffs in effect. Peak manufacturing is December … Continue reading Manufacturing Employment, Hours and Output and the Trade War, Pre-Covid-19