Friends of Manufacturing

A Trump Jobs Slump? Not For Manufacturing

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When non-farm payroll employment rose by 235,000 in February, some speculated it was a Trump Bump. Now that the numbers for March are in, and aren’t so good, should we call it a Trump Slump?

Nonfarm payrolls rose just 98,000 in March, significantly weaker than the 180,000 jobs expected by economists, and the slowest monthly gain since May 2016. To add insult to injury, January and February payrolls were revised down, making the overall change in payrolls just 60,000.

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