Manufacturing Employment Recovery Delayed?
Here are several measures of manufacturing employment. ADP suggests continued deterioration, while QCEW (through March) fell as official employment rose. Figure 1: Manufacturing employment from CES (black), implied preliminary benchmark for March (gray square), ADP (brown), and QCEW seasonally adjusted by author (blue), in 000’s, s.a. Seasonal adjustment using X-13 in logs. Source: BLS, ADP […]
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