Is the U.S. Manufacturing Sector Losing Its Status as an Economic Bellwether?

Former JPMorgan Global Chief Economist & Ph.D. in Economics

Yes, and that is a good thing!  

For years, the U.S. manufacturing sector has been seen as the canary in the coal mine for the broader U.S. economy. Historically, when manufacturing employment starts to decline, it has often been an early sign of a coming recession. However, recent trends suggest that this effect may have softened due to the positive imp…