American manufacturing has experienced a troubling decline, with reports indicating a loss of 7,000 jobs in June for the second consecutive month. This trend reflects a broader stagnation as manufacturing employment is set to decrease for the third straight year. The Institute for Supply Management noted that manufacturing activity has shrunk for four consecutive months, with 30 months of decline since October 2022. Both Democratic and Republican leaders recognize the need for government support, yet the sector continues to struggle significantly during this period.
The U.S. Labor Department reports that American factories shed 7,000 jobs in June for the second month in a row, indicating a worrying trend in manufacturing employment.
Manufacturing activity in the United States shrank in June for the fourth straight month, with factories in decline for 30 of the 32 months since October 2022, according to ISM.
Democrats and Republicans alike believe the government should assist American manufacturers, yet American manufacturing has been stuck in a rut for nearly three years.
The past three years have been a real slog for manufacturing, as highlighted by Eric Hagopian's remarks on the challenges faced by the sector.
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