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The Real Manufacturing Story

The latest Biden administration talking point is that “Trump lost 200,000 manufacturing jobs.”

Even CNN Fact Checkers have declared this fiction.

The chart below shows this big gain in manufacturing jobs in Trump’s first three years before COVID hit. This was in the wake of the Trump tax cut, which among other things allowed companies to expense their capital purchases, which expanded manufacturing output.

Factories deemed “non-essential” were ordered closed during the lockdowns, so you can see from the chart that employment crashed. When Biden took office, we were back up to 12.2 million. We rose to 13 million, but most of the rise was due to come-back jobs. Manufacturing jobs have been flat for two years. That’s not much to crow about.

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