Cooling from recent trends, manufacturing employment has flattened in the past two months, adding 4,000 jobs since February. Third, overall employment gains under Obama remain incrementally higher, but the pace of employment growth under Trump is constrained by a smaller pool of available workers. This last factor, a tightening labor market, is likely one significant contributor to recent wage gains. Economists agree that productivity gains are typically stronger in the first phases of an economic recovery. This has the potential to extend the recovery, as well the recent wage gains.

Source: Forbes May 03, 2019 16:18 UTC