So much for a manufacturing renaissance, post-“Liberation Day”.
Figure 1: Manufacturing production (blue), value added in 2017$ (red), employment (tan), hours (light green) all in logs, 2024M04=0; and capacity utilization (NAICS), % (black, right scale). Aggregate hours of production workers calculated by multiplying average weekly hours by employees. Source: Federal Reserve, BEA, BLS, and author’s calculations.
completely off topic but one thing the democrat candidate for mayor of NYC has going for him is that he plays the great glorious game of cricket. Only a man of culture would do that!