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Source: Bureau of Labor Statistics; Chart: Chris Canipe / Axios

Manufacturing has now rebounded sharply from the Great Recession. The sector turned around last year after losing jobs in 2016, and economists say the trend seems to be continuing into 2018.

Why it matters: No one knows precisely why it's happening.

Jed Kolko, chief economist at Indeed, tells Axios it may be a weaker dollar, or a psychological boost from the 2016 election, in which President Trump said he would bring back manufacturing jobs.

  • If animal spirits are part of the story, it may start with Republicans. "Many manufacturing industries are clustered in red states," Kolko notes, "and Trump led Clinton by 18 points among voters who work in manufacturing." 
  • But, but ... Kolko cautions that the gains might be short-lived: Apparel makers lost a higher portion of jobs than any industry last year. "And the Bureau of Labor Statistics projects that manufacturing will lose jobs over the next decade — making it the only sector aside from the federal government projected to shrink," he said.

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.