Manufacturers have been adding 20,000 to 30,000 jobs per month since the summer of 2017. But that upward trend took a pause in August, with a 3,000 jobs decline in manufacturing. It could be a one-month blip, but there are other signs that manufacturing could be poised for a slowdown. The strong dollar is making U.S. exports more expensive abroad. Escalating trade tensions and retaliatory tariffs imposed by U.S. trading partners could further hurt overseas demand for goods made in the USA. Meanwhile, labor supply is increasingly tight, and many manufacturers complain they can’t find qualified applicants to hire.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.