Thursday, September 24, 2026

Trump Economy: Factory Job Openings Hit Three-Year Peak Amid Manufacturing Resurgence.

New federal data has revealed that job openings in the American manufacturing sector reached 580,000 in July, signaling strong demand in the sector despite nationwide hiring challenges.

PULSE POINTS
❓ WHAT HAPPENED: Manufacturing job openings in the United States rose to a three-year high in July, according to new data from the Department of Labor. Durable goods manufacturing vacancies surged 68 percent year-over-year.
📺 DETAIL: On Tuesday, new data from the Department of Labor’s Job Openings and Labor Turnover Survey showed that manufacturing job openings rose to 580,000 in July, up from 501,000 in June. This constitutes the highest level since January 2023. In contrast, the manufacturing sector posted 428,000 openings this time last year. Durable goods manufacturers saw a particularly sharp increase, with vacancies climbing to 429,000 from 353,000 the previous month, and 255,000 from the previous year. The follows data released by the Department of Commerce showing a 1.1 percent rise in durable goods orders, twice what was expected. While hiring in manufacturing fell to 288,000 in July from 330,000 last month, this comes amid a broader trend of declining hires. According to recent data, total job openings across all sectors increased to 7.3 million, while hiring declined to 5.05 million. It was also revealed that layoffs across the economy dropped to 1.666 million, one of the lowest levels on record, while the rate of unemployment remains historically low at 4.1 percent.
🎯 IMPACT: This demonstrates the ongoing growth of the U.S. manufacturing sector, which has been a core focus of the Trump administration’s economic policy. This follows a report showing that U.S. manufacturing has reached a four-year high in July. The same report showed that employment in the sector had risen to a three-year high. Specifically, the Manufacturing Purchasing Managers’ Index (PMI) reached 55.6 in July, an increase from 53.3 in June. The rise in U.S. manufacturing vacancies reflects ongoing investment in onshore production in order to create American jobs. This data also shows that the U.S. manufacturing sector has remained strong despite concerns over the ongoing Iran war and related inflationary pressures. This follows reports that 98,000 jobs were added to the U.S. economy back in June, and the Consumer Price Index (CPI) beat expectations in July.

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New federal data has revealed that job openings in the American manufacturing sector reached 580,000 in July, signaling strong demand in the sector despite nationwide hiring challenges.

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Trump Economy: Manufacturing Hits Four-Year Peak, Manufacturing Employment at Three-Year High.

The United States manufacturing sector surged to its highest level in fours years, with manufacturing employment reaching a three-year high, primarily driven by robust order growth across multiple manufacturing industries.

PULSE POINTS
❓ WHAT HAPPENED: United States manufacturing reached a four-year high in July, according to a new report, with employment in the sector at a three-year high.
📺 DETAIL: According to data from the Institute for Supply Management, the world’s oldest and largest supply management association, manufacturing activity in the United States hit a four-year high last month. Specifically, the Manufacturing Purchasing Managers’ Index (PMI), a key indicator of the health of the manufacturing sector used by economic experts, reached 55.6 in July, an increase from 53.3 in June. This was the highest reading since May 2022. Notably, economists polled by Reuters predicted that the PMI would only rise to 54 in July. The increase in manufacturing activity was primarily driven by order growth and spanned 15 different industries, including appliances and components, computer and electronic products, electrical equipment, machinery, primary metals, and transportation equipment. Artificial Intelligence (AI) technology, in particular, experienced significant growth. This increase in manufacturing activity coincided with employment in the manufacturing sector reaching a three-year high.
🎯 IMPACT: The strong manufacturing data suggests continued economic resilience, despite concerns over inflation and the ongoing Iran war. This data also suggests that economists underestimated the U.S. manufacturing sector. The fact that the rise in manufacturing activity has been driven by order growth suggests there is an increase in demand for U.S.-made goods. This is likely a by-product of the Trump administration’s tariffs as well as reforms to the tax code. The rise in manufacturing employment reflects reports from last year, which revealed that major corporations intended to spend billions in investment to onshore production and create American jobs. The figures are likely to strengthen the Trump administration’s confidence in its economic agenda, which has placed the reshoring and restoration of American manufacturing at its heart. The rise in demand for U.S.-made goods also contextualizes the Federal Trade Commission’s crackdown on products falsely labeled as “Made in the USA.”

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The United States manufacturing sector surged to its highest level in fours years, with manufacturing employment reaching a three-year high, primarily driven by robust order growth across multiple manufacturing industries.

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American Manufacturing Growth Hits Four-Year High.

The American manufacturing sector is experiencing its strongest growth in four years, driven by rising output, increased hiring, and robust demand.

PULSE POINTS
❓ WHAT HAPPENED: The manufacturing sector in the U.S. is growing at its fastest pace in four years. 
📺 DETAIL: According to the Institute for Supply Management (ISM), U.S. manufacturing rose to 55.6 in July, the highest since May 2022. According to the ISM’s manufacturing barometer, a reading below 50 means the sector is contracting, while a reading above 50 means the sector is growing. This means that the manufacturing sector had expanded for the seventh month in a row. ISM’s barometer also revealed that payroll growth in manufacturing rose for the first time since September 2023, and that production has reached its highest level since late 2021. Among the 16 industrial categories included in the ISM’s barometer, only one—chemical products—experienced a contraction. The sector’s growth exceeded the predictions of economic experts. It is believed that the expansion of U.S. manufacturing is currently being driven by domestic production incentives, artificial intelligence (AI) technology, and recent changes to the tax code favoring capital investment.
💬 KEY QUOTE: “Now that it seems the buildout of AI infrastructure globally is nearing real activation, products going into data centers are at full procurement.. Thus, demand for our semiconductor end products and connectivity (power, networking and photonics) is booming,” said a machinery manufacturer to ISM.
🎯 IMPACT: The ISM is the oldest and largest supply management association in the world. As such, the organization’s manufacturing barometer is widely used and taken seriously by economists and the manufacturing sector. President Donald J. Trump has utilized tariffs, tax changes, and AI technology to help foster domestic industry. This represents an economic sucess story for the Trump administration, as restoring U.S. manufacturing is one of the President’s most defining and longstanding objectives.

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The American manufacturing sector is experiencing its strongest growth in four years, driven by rising output, increased hiring, and robust demand.

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FTC Targets Companies Using Misleading ‘Made in USA’ Labels.

The Federal Trade Commission has taken unprecedented steps to crack down on products falsely labeled “Made in the USA” in a bid to protect American consumers from being scammed and American manufacturers from being undercut.

PULSE POINTS
❓ WHAT HAPPENED: The Federal Trade Commission (FTC) has intensified its crackdown on companies falsely labeling products as “Made in the USA.”
📺 DETAIL: FTC Chairman Andrew Ferguson said the Trump administration is taking “unprecedentedly aggressive steps” to protect American manufacturers and consumers. “We want our economy to thrive, and not just the consumer part of the economy… We want the manufacturing part of the economy to thrive. And so, if you’re going to try to take advantage of consumer preference for things that are made in America, you have to be honest about it,” said Ferguson. FTC policies require products labeled as “Made in the USA” to be almost entirely produced domestically. Products falsely marketed as being “Made in the USA” can become subject to expensive settlements and civil enforcement actions, potentially costing liable companies hundreds of thousands of dollars. In one case exposed by the FTC, two companies, Americana Liberty LLC and Three Nations LLC, allegedly sold American flags marked “Made in the USA” despite the fact that “significant or essential foreign components” were imported from China, resulting in $167,743 in “consumer redress.”
💬 KEY QUOTE: “President Trump has ordered the federal government to focus on making sure that companies that say that they’re making products in America are actually making products in America, and this is super important because there’s a ton of evidence that the American people are willing to pay a premium to get products that are made in America, for good reason.” – Andrew Ferguson.
🎯 IMPACT: This represents an intensification and continuation of a crackdown by the FTC announced back in April, when the Commission announced a series of enforcement actions against companies falsely advertising their products as “Made in the USA.” In one case, TouchTunes Music Company faced a penalty of $625,000 for falsely claiming that its electronic dartboards were U.S.-made.

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The Federal Trade Commission has taken unprecedented steps to crack down on products falsely labeled "Made in the USA" in a bid to protect American consumers from being scammed and American manufacturers from being undercut.

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Apple Announces Huge Price Hikes, Citing Soaring Chip Costs.

Apple has announced price increases on several products, citing rising memory chip costs and supply chain challenges, with industry experts predicting similar moves by other brands.

PULSE POINTS
❓ WHAT HAPPENED: Apple has raised prices on several products, including the MacBook Pro with one terabyte of storage, which increased from $1,699 to $1,999 in the U.S., and the entry-level Neo laptop in the United Kingdom, which rose from £599 to £699 (~$790 to ~$920). The company attributed the increases to rising costs of key components, particularly memory chips.
📺 DETAIL: Industry analysts said the move highlights how the artificial intelligence (AI) boom is affecting consumer electronics, with even Apple unable to avoid rising component costs. Chipmaker TSMC has also warned that inflation and higher production expenses could lead to further increases across the sector. Analysts expect other PC and tablet manufacturers to follow suit through price rises, reduced discounts, or a greater focus on premium products. Apple believes its loyal customer base will largely absorb the increases, while outgoing chief executive Tim Cook recently described current memory chip pricing as “unsustainable” and said higher prices were unavoidable.
💬 KEY QUOTE: “Even Apple, with its scale and buying power, is no longer immune to the rising cost of key components,” said tech analyst Paolo Pescatore.
🎯 IMPACT: The price increases could set a precedent for other PC and tablet manufacturers. While Apple’s loyal customer base is expected to absorb the hikes without significant backlash, the broader tech industry may face challenges in maintaining affordability.

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Apple has announced price increases on several products, citing rising memory chip costs and supply chain challenges, with industry experts predicting similar moves by other brands.

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China is Now Spain’s Leading Supplier.

China surpassed Germany as Spain’s leading supplier of goods in early 2026, raising concerns over a widening trade deficit and growing economic dependence on Beijing.

PULSE POINTS
❓ WHAT HAPPENED: China has overtaken Germany as Spain‘s top supplier of goods during the first quarter of 2026, accounting for 11.6 percent of Spain’s imports compared to Germany’s 11.4 percent. This marks a significant shift in trade dynamics, as Germany has historically held this position.
📺 DETAIL: Key imports from China include electronics, machinery, and textiles, which have steadily gained market share in Spain, led by the Socialist Party under Prime Minister Pedro Sanchez. German exports, meanwhile, have been impacted by rising energy costs, driven by left-wing policies such as net-zero targets and the shutdown of nuclear power plants, as well as logistical challenges. Economists warn that Spain’s reliance on a single non-European supplier may carry risks amid geopolitical tensions. Trade data shows that overall imports from Asia to Spain continue to outpace those from other regions.
💬 KEY QUOTE: “That’s why it’s dangerous… because it’s not reciprocal. China competes with us in third-party markets, entering them just as it does in Spain.” – Alicia García Herrero, economist at Natixis
🎯 IMPACT: The growing trade imbalance raises concerns about Spain’s economic dependence on China, which some experts warn could lead to “hyper-dependence” and reduced competitiveness. While Spain benefits from balanced trade relationships with Germany, its trade with China primarily consists of substitute imports, offering little reciprocal benefit to Spanish industries. Overreliance on China for a range of key goods, such as personal protection equipment (PPE) and medicines, left many Western nations vulnerable during the COVID-19 pandemic.

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China surpassed Germany as Spain's leading supplier of goods in early 2026, raising concerns over a widening trade deficit and growing economic dependence on Beijing.

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Trump Slaps New Tariffs on European Union.

President Donald J. Trump has raised tariffs on vehicles made in the European Union (EU), saying the bloc has failed to comply with the terms of its trade agreement with the U.S.

PULSE POINTS
❓ WHAT HAPPENED: President Donald J. Trump has announced a 25 percent tariff on cars and trucks manufactured in the European Union (EU). The tariffs are set to take effect next week.
📺 DETAIL: On Friday, President Donald J. Trump announced that cars and trucks made in the EU would be hit with a 25 percent tariff starting next week. The President said the tariff was a response to the EU’s failure to comply with the terms of its trade deal with the U.S. Trump emphasized that vehicles made in U.S.-based facilities would not be subject to the new tariffs. The move is part of a broader economic strategy to encourage car manufacturers to relocate to the U.S. and boost the country’s domestic market.
💬 KEY QUOTE: “I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF… There has never been anything like what is happening in America today!” – President Donald J. Trump on Truth Social.
🎯 IMPACT: The tariff comes as relations between the U.S. and the EU are heavily strained. Trade, along with defense spending and Iran, is among several points of contention between the United States and the EU. The tariff on EU-made vehicles comes a day after the President announced the suspension of all tariffs and restrictions on Scotch imports from Britain, a decision characterized by President Trump as a gesture of goodwill towards King Charles III and Queen Camilla, both of whom visited the United States for a four-day state visit this week.

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President Donald J. Trump has raised tariffs on vehicles made in the European Union (EU), saying the bloc has failed to comply with the terms of its trade agreement with the U.S.

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FTC Launches ‘Made in USA’ Enforcement to Shield Consumers, Support Domestic Businesses.

The Federal Trade Commission has taken enforcement action against three companies for falsely advertising their products as “Made in the USA.”

PULSE POINTS
❓ WHAT HAPPENED: The Federal Trade Commission (FTC) announced enforcement actions against three companies—TouchTunes Music Company, Americana Liberty LLC, and Oak Street Manufacturing Company—for falsely advertising their products as “Made in the USA,” alleging that some products were merely assembled in the United States using imported components.
📺 DETAIL: Each company was found to have violated FTC rules by advertising products as “Made in the USA” despite using significant foreign components or manufacturing processes. For example, TouchTunes falsely claimed its electronic dartboards were U.S.-made, even though key parts essential to the product’s function were imported from overseas. Americana Liberty falsely labeled flags and related products as American-made, while Oak Street misrepresented its footwear as entirely U.S.-crafted, even though components and assembly were outsourced to foreign factories. Such schemes have been observed elsewhere, with some Italian luxury brands caught importing goods and simply attaching a single component, such as a bag handle, to claim they are “Made in Italy.”
🎯 IMPACT: These enforcement actions include financial penalties—$625,000 for TouchTunes, $167,743 for Americana Liberty, and $75,000 for Oak Street—and require the companies to cease their misleading advertising practices. The FTC emphasized its commitment to protecting consumers and ensuring fair competition for businesses that genuinely invest in American manufacturing.
💬 KEY QUOTE: “The FTC is committed to ensuring that ‘Made in the USA’ claims are truthful and trustworthy.” – Christopher Mufarrige, Director of the FTC’s Bureau of Consumer Protection.
📺 FLASHBACK: These actions follow a March Executive Order by President Donald J.Trump aimed at ensuring truthful advertising of “Made in the USA” claims, as well as prior FTC warnings to the companies involved.

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The Federal Trade Commission has taken enforcement action against three companies for falsely advertising their products as "Made in the USA."

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Trump Economy: U.S. Industrial Output Soars in January.

PULSE POINTS

WHAT HAPPENED: Industrial Production in the U.S. surged 0.7 percent in January, exceeding expectations and marking the third consecutive monthly increase.

👤WHO WAS INVOLVED: U.S. manufacturers and industrial sectors, along with President Donald J. Trump and American consumers.

📍WHEN & WHERE: January 2026, across the United States.

🎯IMPACT: Positive trends in industrial production and manufacturing output reflect continued economic resilience.

IN FULL

Industrial Production surged 0.7 percent in January, surpassing the expected 0.4 percent and improving significantly from December’s revised 0.2 percent growth. The production data indicates that the U.S. economy continues to maintain a position of strength despite establishment economists’ claims that a slowdown is imminent.

Notably, this marks the third consecutive month of growth in Industrial Production, bringing annual growth to 2.3 percent, the strongest since September 2022. Manufacturing output also rose 0.6 percent in January, exceeding expectations and representing the best monthly gain since February 2025.

Meanwhile, capacity utilization increased to 76.2 percent, continuing a positive trend that began near the start of President Donald J. Trump‘s second term—though it fell slightly below projections. Additionally, the Institute for Supply Management (ISM) Manufacturing Index saw a sharp rise in January, diverging from the ‘soft’ data trends observed throughout the year.

When combined with pricing and other economic data, the trends suggest the U.S. economy continues to stabilize and strengthen heading into the 2026 midterm elections, despite counterclaims by some economists who have continually argued the administration’s tariff policies will trigger a downturn.

The National Pulse reported earlier on Wednesday that the Trump White House’s Director of the National Economic Council, Kevin Hassett, took aim at a research paper published by the New York Federal Reserve Bank that claims tariff costs are predominantly being passed on to American consumers. “The paper is an embarrassment,” Hassett said, adding, “It’s, I think, the worst paper I’ve ever seen in the history of the Federal Reserve System.”

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Eli Lilly Invests $3.5 Billion in America for Advanced Obesity Drugs Plant.

PULSE POINTS

WHAT HAPPENED: Eli Lilly announced plans to invest over $3.5 billion to build a manufacturing plant in Pennsylvania’s Lehigh Valley to produce next-generation obesity drugs.

👤WHO WAS INVOLVED: Eli Lilly, CEO Dave Ricks, President Donald J. Trump, and rival pharmaceutical company Novo Nordisk.

📍WHEN & WHERE: The announcement was made on Friday, with construction expected to begin this year in Pennsylvania. The site is projected to be operational by 2031.

💬KEY QUOTE: “Lilly CEO Dave Ricks has told me the drugmaker aims to build six plants in the U.S.” – President Donald Trump

🎯IMPACT: The plant will create 850 permanent jobs and 2,000 construction jobs, while advancing production capacity for obesity treatments.

IN FULL

Pharma giant Eli Lilly said it will invest $3.5 billion to build a new manufacturing facility in Pennsylvania’s Lehigh Valley, expanding its U.S. production footprint as demand for obesity and diabetes drugs continues to surge. The plant will focus on making next-generation obesity treatments, including retatrutide, an experimental drug that has delivered strong weight-loss results in late-stage clinical trials. Construction is expected to begin this year, with the facility scheduled to start operations in 2031. Once fully operational, the site is expected to employ about 850 full-time workers, including engineers, scientists, and technicians, and support roughly 2,000 construction jobs during the building phase.

The Pennsylvania project marks the fourth major U.S. manufacturing facility announced by the pharmaceutical giant in recent years. Lilly has pledged at least $27 billion toward new domestic manufacturing investments, in addition to roughly $23 billion it has spent in the United States since 2020. CEO Dave Ricks has reportedly told President Donald J. Trump that the company plans to build six U.S. plants, although Lilly has not formally confirmed that number.

The investment comes as drugmakers race to expand manufacturing capacity for GLP-1-based therapies, which have reshaped the treatment of obesity and type 2 diabetes. Obesity rates continue to climb worldwide, with projections showing that more than half of adults could be overweight or obese by mid-century, contributing to a sharp rise in diabetes and related chronic diseases.

Beyond healthcare, the widespread use of effective weight-loss drugs has drawn attention for its broader economic impact. Analysts have suggested that large-scale weight reduction could lower costs in industries such as aviation by reducing fuel consumption, while governments have focused on improving access to the medications to curb long-term healthcare spending.

Lilly recently overtook Novo Nordisk in the GLP-1 market, though Novo is seeking to regain ground with plans to launch the first GLP-1 pill for obesity. Both companies have increased U.S. investments following earlier tariff threats from President Trump, which have since eased after voluntary drug pricing agreements aimed at lowering costs for patients.

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