US Manufacturing Expansion Continues, Jobs Lag
Harrisburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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US Manufacturing Expands for Second Month, Signaling Hope After Pandemic Struggles
The Institute for Supply Managements key measure hit 52.4 in February, indicating growth for the third time in forty months. New orders and production accelerated, with production growing for four straight months. However, factory jobs continued to decline, and economists remain cautious about main street feeling the uptick due to lack of big job gains. The administration is promoting a manufacturing revival through tariffs and reshoring efforts, but risks like higher energy prices from Iran tensions persist.
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