@tedfertik @TradeDiversion @MikePMoffatt I wonder whether fall is somewhat obscured in overall employment data by shock of dot.com recession which

@tedfertik @TradeDiversion @MikePMoffatt I wonder whether fall is somewhat obscured in overall employment data by shock of dot.com recession which contractsoverall employment -> manuf/employ ratio doesn’t fall as sharply as you would expect. But long-run trend point stands. “If" you believe in trends.

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