Yesterday, the U.S. Bureau of Labor Statistics reported that nonfarm business sector labor productivity decreased 1.5 percent in the first quarter of 2025. Interestingly, output decreased by 0.2 percent, and hours worked increased by 1.3 percent. In other words, everyday workers are putting in more hours for less productivity. This is the first decline in […]
Month: June 2025
U.S. manufacturers’ orders plunge in April under Trump Tariffs
Just last week, the White House promoted in an article, “MADE IN THE USA: President Trump’s Vision is Revitalizing American Industry,” how Trump’s policies were ‘working’ to rebuild America’s manufacturing sector. However, new economic data released today from the Commerce Department’s Census Bureau showed that new orders for U.S.-manufactured goods plunged sharply in April. The […]