Labor Day

An editorial in today’s Washington Post begins:

MANUFACTURING IS the problem child of the U.S. economy. Of the 3.1 million jobs lost since President Bush took office, 2.5 million have been in manufacturing. July was the 36th consecutive month that manufacturing jobs have fallen, the longest stretch since the Depression. But while the past several years have been particularly bad, with manufacturing jobs down 16 percent in three years, the trend lines have been bleak for years.

Happy Labor Day.

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