US Manufacturers in a Rut Despite Presidential Focus
UNITED STATES, JUL 14 – U.S. manufacturing contracted for the fourth consecutive month in June 2025 amid inflation, tariff revisions, and rising costs, with the Purchasing Managers' Index at 45.6, according to ISM.
- In June 2023, U.S. manufacturing saw a loss of 7,000 positions as production declined for the fourth month running.
- This decline followed a period of job growth in 2021 and 2022, but 2023 saw hiring stall and begin to reverse amid rising interest rates and economic uncertainty.
- Tariffs imposed by President Trump aim to protect U.S. manufacturers by making imports pricier, while President Biden's subsidies support factory building in semiconductors and clean energy sectors.
- According to the lead economist at Moody’s Analytics, manufacturing output is expected to remain stagnant, which could lead to further declines in jobs within the sector.
- The manufacturing slowdown implies that revitalizing the sector will require sustained effort in attracting skilled labor, expanding relevant training, and managing trade policy uncertainties.
25 Articles
25 Articles
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