Trumps promise to bring back manufacturing jobs has not been kept
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We just got the latest sign the US is losing manufacturing jobs — the opposite of what Trump's trade wars were supposed to accomplish https://markets.businessinsider.com/news/stocks/trump-trade-war-loss-of-manufacturing-jobs-contradicts-purpose-tariffs-2019-10-1028577666?utm_campaign=browser_notification&utm_source=desktop
The US unemployment rate fell to its lowest level in half a century in September as the economy created jobs for a record 108th straight month.
But in the manufacturing sector, employers eliminated jobs.
While President Donald Trump has pledged to revive factory jobs in the US, that pocket of the economy dipped deeper into a recession last month.
What is Boom And Bust Cycle?A boom and bust cycle is a process of economic expansion and contraction that occurs repeatedly. The boom and bust cycle is a key characteristic of today’s capitalist economies. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors. In the subsequent bust the economy shrinks, people lose their jobs and investors lose money. Boom-bust cycles last for varying lengths of time; they also vary in severity.