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It’s no secret that the manufacturing sector is facing a slowdown in the U.S. Coming out of the pandemic, employment growth was strong, thanks to global supply chain issues that prompted a push to reshore production domestically. For nearly two years, this surge in activity drove robust job growth. However, the momentum began to falter when the Federal Reserve started raising interest rates to curb inflation.
The Federal Funds Rate, which saw its first signs of easing as of September 17th, has played a critical role in this slowdown. Manufacturing, as a capital-intensive sector, is particularly sensitive to changes in