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AP Photo/Susan Walsh

President Trump spoke a lot about America's manufacturing sector during an appearance today at a Boeing plant in South Carolina.

His message: U.S. manufacturing has been on the decline, but now it's coming back thanks to the Trump presidency. It's far too early to analyze the second half of Trump's message, but we do have data on the first half, and it's mixed:

Manufacturing jobs: The levels fell pretty drastically between 2000 and 2009, although they subsequently leveled off and even climbed a bit. The most recent unemployment rate in the manufacturing sector was 4.2%, which is lower than the overall unemployment rate of 4.9%. For context, manufacturing unemployment spiked at 13% in January 2010, easily topping the broader figure of 9.8%.

Manufacturing output: U.S. manufacturing output (i.e., the number of things produced) hit an all-time high in Q4 2016, just beating out a previous high from Q1 2008. Also at a high is manufacturing output per worker hours, which has been on a steady rise, outside of a downward blip during the Great Recession.

Takeaway: America is making more than ever before, but needs fewer people to do it. It's a trend that is likely to accelerate, regardless of Trump's policies, as manufacturers employ more advanced automation technologies.

Go deeper

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

Thanksgiving box office shows theaters have long road to recovery

Photo of Disney's "Encanto;" Credit: Disney

Box office ticket sales over the Thanksgiving holiday show that consumer confidence in moviegoing is slowly improving, but not enough to bring the struggling theater industry back to pre-pandemic levels anytime soon, if ever.

Why it matters: "We may have to temper expectations a bit" for next year, said Comscore senior media analyst Paul Dergarabedian.