‘The damage is spreading’: As Trump’s manufacturing recession hits more sectors, ‘Job growth has slowed sharply’

President Trump has not missed an instance to brag about rising American stock markets.

Even when he visited U.S. troops in Afghanistan last year he said it was, “nice to know you are fighting for something [stockmarket] that is doing well as opposed to something that was not doing well just a number of years ago.”

But those boasts hide a more uncomfortable truth.

The U.S. is in a manufacturing recession thanks to Trump’s trade war with China—and “the damage is spreading” to other key sectors, as the New York Times reported Wednesday:

The manufacturing sector is in a recession, albeit a relatively mild one, and factory employment declined in December after rising slowly for most of last year. And in recent months, there have been signs that the damage is spreading: Railroads and trucking companies have been cutting jobs, and consumers — at least in the parts of the country most affected by the trade disputes — may be pulling back as well.

At the same time, the rate of job growth has been cut in half over the course of the year:

Job growth has slowed sharply—from an annual rate of 2.6 percent at the start of 2019 to 1.3 percent at the end—in so-called middle wage sectors that include mining, construction and transportation, according to calculations by Nick Bunker, an economist at the Indeed Hiring Lab. That slowdown is driving the deceleration of job growth across the American economy.

Perhaps Trump should spend less time fighting American trade partners and more time helping working people.

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