zerohedge | Several years ago (and then subsequently renewed almost every year) Barack Obama unviled a
manufacturing initative during one of his countless teleprompted
appearances before the nation, in which he promised to do everything in
his power to boost the US manufacturing sector. It should therefore come
as no surprise that in the month of April America's attempts to
rekindle a manufacturing renaissance have fizzled once again, with a
tiny 1,000 manufacturing jobs added, following zero manufacturing jobs
added the month before.
Putting this in perspective, for every manufacturing job added in
April there were 26 new waiters and bartenders confirming the
"robustness" of America's jobs recovery. The chart below shows the
progression of how America is slowly but surely transforming from a
manufacturing society to one of waiters and bartenders.
