Los Angeles Times

Despite Trump's vow to boost industry, the manufacturing sector is officially in recession

WASHINGTON - 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.

But today, manufacturing has plunged into recession and is threatening to pull down other sectors, perhaps hitting hardest on supporters in those states that helped put Trump in office.

Impeachment may be dominating the news, but the less-noticed industrial slump ultimately could pose a greater threat to Trump's reelection.

As measured by the Federal Reserve, manufacturing output shrank over two straight quarters this year. That's the common definition of recession.

A separate, widely followed index drawn from purchasing managers showed September's contraction in manufacturing was the steepest since June 2009, with production, inventories and new orders all falling.

And after adding nearly half a million jobs in the prior

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times4 min read
Review: Elisabeth Moss Stars As A Spy Gone Rogue In FX's Thriller 'The Veil'
Elisabeth Moss has acted in more projects than you can remember for more years than you might guess, but it was "Mad Men" in 2007 that made her the reason to watch a show — an impression cemented by "Top of the Lake" and taken for granted by the time
Los Angeles Times7 min read
In Ukraine's Old Imperial City, Pastel Palaces Are In Jeopardy, But Black Humor Survives
ODESA, Ukraine — On a cool spring morning, as water-washed light bathed pastel palaces in the old imperial city of Odesa, the thunder of yet another Russian missile strike filled the air. That March 6 blast came within a few hundred yards of a convoy
Los Angeles Times3 min readCrime & Violence
Sean 'Diddy' Combs Seeks Dismissal Of Revenge Porn, Human Trafficking Claims In Lawsuit
Sean "Diddy" Combs' legal team is pushing back against his accusers in their civil suits as a federal sex-trafficking probe continues. His lawyers are asking a New York court to throw out portions of a sexual assault lawsuit filed by attorneys for Jo

Related Books & Audiobooks