Manufacturing 2016-2.xlsx
Manufacturing employment levels in 2016 remain below 2015 levels. Though not in a dramatic fashion. However the trend does not seem to be an optimistic one. When you like at inventory levels and the overall projected growth rate, it is very will possible that production employment levels remain at or near April levels over the next several months which would be a significant divergence. It seems that once growth rates go negative they stay there and tend to accelerate. The plot shows just how dramatic the situation was between 2006 and 2007.
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