During President Trump’s first two years in office, his standing with many voters was buoyed by a surge in manufacturing that helped create millions of new jobs and undergirded the whole U.S. economy.
And after adding nearly half a million jobs in the prior two years, which Trump frequently stressed in hard-hat rallies throughout the Midwest, manufacturing employment has stalled. In the months before the 2016 election, it didn’t help Hillary Clinton’s prospects that manufacturing was on the skids and factory jobs were shrinking, thanks to a drop-off in energy-related investments, a strong dollar and lackluster demand for American goods in emerging economies.
Jim Springer, chief financial officer of Industrial Nut Corp. in Sandusky, Ohio, doesn’t need the Fed and a bunch of economists to tell him that manufacturing is in recession. He can see it in his 111-year-old family business making locknuts and other fasteners.Springer, 58, who runs the company with his father and three brothers, remembers when orders took off at the end of 2016. Sales surged 30% in 2017 and went up another 14% last year, to just shy of its record-high sales of $20.
Like manufacturers across the country, Industrial Nut has recently begun to reduce overtime hours for workers, and Springer says the company is managing labor costs also through attrition and retirement of its aging workforce. Michael Hicks, a regional economist at Ball State University in Muncie, Ind., said there was a greater than 50% chance of a national recession in the next 12 months. Indiana has the country’s largest concentration of manufacturing, accounting for some 22% of the state’s economy — about double the U.S. average.
But industrial activity in Indiana is deeply intertwined with manufacturing in nearby states that are not rock-solid Republican — especially Michigan, Illinois and Wisconsin.
Vastly underrated Tweet.
winning 🙄
OFFICIALLY IN RECESSION. Told ya so. I’m a mfg expert!!!
Another 'Promises made,promises kept' realDonaldTrump GOP
And y’all thought his 6 bankruptcies were no big deal.
This is phase 1 of the overall Trump economic recession that looms
DT 2016 did rally in my PA city He knew we had lost 1000's of jobs 2 Mexico from NAFTA (not his fault) but he made point 2 tell men he would bring their jobs back I didn't believe him but city did/flipped 4 him He has not brought 1 job back here Industry still in Mexico Silence!
TinaMorphis when he uses the words winning & great, he is NOT referring to you — he's referring to rich friends and the people he owes (he owes a lot of people).
Personally, I’m shocked a reality tv star with a string of failed businesses and an ego the size of Texas isn’t good at being President. Who knew.
So much “winning”
popsablaze Not suprized
No shit.
This is a perfect example of a biased media wishing for a recession.
Looks like he is fighting a ghost
Another bankruptcy added to his long list? Yet he has been getting rich of the American tax payer.
He's bad at what he claims to be good at! 🙊
the apprentice is making americans idle that i can tell you
More fake news
Magic wand!
african americans dont like trump because they dont want JOBS they want a hand out and a pity party and crying racism and victim. they are racist an d thats why obabma got 98.4 % black vote
Trump only needs the Republican electoral college.
The surge was already happening in spite of Trump, not because of him.
Our mission at is to build the social media platform that ends fake news
Trade wars are the best!
segmentis Because he has no idea what he is doing
Good
Okay!!
Is that why we have the lowest unemployment in over 50 years?
MAGA nomics
Mr trump is sick in the head and he is bringing america to the drain with him.
'I never thought the leopards would eat MY face,' says the person who voted for the Leopards Eating Faces Party. No sympathy. None.🙄
And yet they will still vote for the jerk now won't they.
I think we need to fact check this article
MAGA YALL SEE THIS SHIT.
Lie....as usual
So. Much. Winning🤬
Those of us who were awake and informed saw this coming