Output, employment and worth added:
Determine 1: Manufacturing manufacturing (black), manufacturing employment (tan), actual worth added (teal bars), all in logs, 2021M01=0. Supply: FRB, BLS, by way of FRED, BEA, and writer’s calculations.
Actual worth added and employment are about 6% larger than when Biden took workplace. Manufacturing manufacturing (which is a gross measure) is barely about 2% larger.
Â
