Manufacturing Labor Demand Rebound

U.S. manufacturing employment and labor demand appear to be strengthening: the newsletter cites manufacturing employment up ~50,000 since February and a combined rise in openings and demand of ~200,000, corroborated by Federal Reserve Beige Book anecdotes and expansionary PMIs from S&P Global and ISM. The spike is visible across regional Fed reports (e.g., Dallas) and wage pressures for skilled plant and construction workers are emerging, though the author flags possible measurement or interpretation caveats. — If sustained, this rebound changes the politics of trade, inflation, and industrial policy — strengthening arguments for active industrial strategy and altering priorities for tariffs, workforce training, and investment incentives.