The labor market is slowing, but it’s all good news in the White House.

The U.S. added 139,000 jobs in May, a slight decline from April, according to a jobs report released Friday. The unemployment rate remained at 4.2 percent, still within the ballpark of historic lows reached in 2023, when the unemployment rate reached 3.4 percent—the lowest it had been in more than five decades. But within the folds of the report hid a major red flag for Donald Trump’s agenda: The U.S. is still bleeding manufacturing jobs.

But even the president’s favorite conservative network couldn’t hide its dismay at the slight manufacturing downturn.

“Now, 8,000 manufacturing jobs were lost in May. That’s not what you wanted to see,” said Fox Business host Stuart Varney.

  • nickwitha_k (he/him)@lemmy.sdf.org
    4·
    22 hours ago

    Unironically, depending on how the supply chain is arranged for your industry, it may actually be cheaper to move your manufacturing off shore and eat the tariff once instead of getting nickeled and dimed for every single item you need to assemble on shore.

    And that’s not even accounting for forecasting, which is still necessary in the stupid-frahile JIT approach. Noone will want to sign a long-term supply contract when they could get screwed by sudden tarrifs and the JIT people have to rely on luck to avoid subjecting customers to sticker-price whiplash.

    It’s all just so fucking stupid.