Visualizing The Fiery Death Of American Manufacturing

admin Controlled Media

On Wednesday, the US added 178k private sector jobs in July, verse 185k jobs expected. The number was just shy of Wall Street estimates, and did not stop the mainstream media and Moody’s chief economist Mark Zandi from saying, ‘the American job machine continues to operate in high gear.’
This ADP report sounds great, but underneath the surface a majority of additions are non-productive jobs called ‘Service-providing’. What is not widely spoken about on the mainstream media is the loss in -4k manufacturing jobs.

This post was published at Zero Hedge on Aug 3, 2017.

FacebookTwitterRedditPinterestLinkedInWhatsAppEmail