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Expand chart
Data: BLS; Chart: Andrew Witherspoon/Axios

While sentiment indicators have been split, the jobs data and reports from businesses are painting a clear picture of the U.S. manufacturing industry's stress.

What they're saying: Timothy Fiore, chairman of the ISM survey committee, which tracks the sector through its purchasing managers index, said his report may be underestimating the damage. (His company's latest report showed manufacturing contracting for the fourth straight month.)

  • "I think a lot the [layoffs] are flying under the radar — no one wants to impact consumer sentiment, no one wants to announce cuts around Christmas," Fiore told Barron's last month.
  • "People are dropping shifts, canceling overtime, sending temporary workers home."
Expand chart
Data: BLS; Chart: Axios Visuals

The big picture: The Federal Reserve's latest Beige Book, which tracks businesses around the country, has a recurring theme.

  • "Several retailers reported that tariffs were raising costs and hurting profit margins," the Fed's Richmond office reported.
  • "Uncertainty generally remained elevated, driven by trade tensions, the political climate, and weaker global growth," the Dallas Fed noted.
  • "Business contacts in retail and manufacturing reported facing increased price pressures due to tariffs," the St. Louis Fed found.

Go deeper:

Go deeper

Updated 50 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: Trump, Melania received COVID vaccine at White House in January — CDC director warns "now is not the time" to lift COVID restrictions.
  2. Vaccine: J&J CEO "absolutely" confident in vaccine distribution goals Most states aren't prioritizing prisons for COVID vaccines — Vaccine hesitancy is shrinking.
  3. Economy: Apple says all U.S. stores open for the first time since start of pandemic — What's really going on with the labor market.
  4. Sports: Poll weighs impact of athlete vaccination.
  5. World: Italy tightens restrictions as experts warn of growing prevalence of variants — PA announces new COVID restrictions as cases surge.
  6. Local: Colorado sets timeline for return to normalcy.
Updated 54 mins ago - Politics & Policy

Trump received COVID vaccine at White House in January

Photo: Noam Galai/Getty Images

Former President Trump and former first lady Melania Trump were both vaccinated at the White House in January, a Trump adviser tells Axios.

Why it matters: Trump declared at CPAC on Sunday that "everybody" should get the coronavirus vaccine — the first time he's encouraged his supporters, who have been more skeptical of getting vaccinated, to do so.

Biden administration seeks to allow separated migrant families to reunite in U.S.

Secretary of the Department of Homeland Security Alejandro Mayorkas announced Monday that the Biden administration will explore "lawful pathways" to allow migrant families separated under the Trump administration to reunite in the U.S.

Why it matters: Biden has pledged to reunite the hundreds of families still separated as a result of the Trump administration's "zero tolerance" policy, and signed an executive order last month creating a family separation task force chaired by Mayorkas.