CARPE DIEM: Manufacturing Job Gains Continue to Lead

Good News.  This is even better than first appearances due to the fact that manufacturing productivity gains have outstripped the economy as a whole as well.  Increase in both factors have a multiplier effect on the output of the manufacturing sector.  The only reason that manufacturing is not growing faster as a percentage of the overall economy is that due to all the productivity gains the prices charged are dropping per unit of output.  This has a beneficial effect of helping to reduce inflation in the aggregate.


CARPE DIEM: Manufacturing Job Gains Continue to Lead