Thankfully, a resurgent virus has not yet derailed the U.S. employment recovery. The gain of 1.8 million jobs in July, while significantly slower than the 4.8 million gain in June and the 2.7 million gain in May, at least shows that things are moving forward, however fitfully. Perspective has never…
moreA modest improvement in global economic conditions, mostly in Asia, is supporting a recovery in U.S. manufacturing growth after an historic second-quarter 2020 crash. The Institute for Supply Management’s Purchasing Managers’ Index (PMI), a notably reliable prognosticator of short-term growth prospects in the U.S. manufacturing sector, registered a healthy 54.2…
moreThe tumultuous US-China trade war pushed the US manufacturing sector into a modest downturn during 2019. Just as signs of stabilization were appearing, a once-a-century global pandemic all but shut down the US and global economies.
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