The manufacturing sector holds an important place in our political imagination — the common wisdom is that the nearly 30% decline in U.S. manufacturing jobs since 2000 was a key factor in Donald Trump's rust-belt electoral success, for instance.

A subtext of this idea is that these manufacturing jobs are desirable, and American workers wouldn't give them up easily. But according to analysts at the St. Louis Fed, the rate at which workers are quitting manufacturing jobs, rather than getting fired, has remained steady even as the number of jobs has fallen.

Why it matters: The trend today is that manufacturing workers are quitting their jobs at an accelerating rate, suggesting they're leaving for better pay and working conditions in other fields. While the loss of manufacturing jobs has been devastating for many communities, it's also true that many workers will leave manufacturing if given the chance.

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Data: Federal Reserve Bank of St. Louis; Chart: Andrew Witherspoon / Axios

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Dion Rabouin, author of Markets
46 mins ago - Economy & Business

Coronavirus surge is sinking consumer confidence

Data: Hamilton Place Strategies, CivicScience; Chart: Axios Visuals

The rise in coronavirus cases in certain parts of the U.S. is stunting confidence across the country, a crop of new reports show.

Driving the news: After stalling during the previous two-week period, overall economic sentiment declined for the first time in two months, according to the Economic Sentiment Index, a biweekly survey from data firm CivicScience and Hamilton Place Strategies (HPS).

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage."
  2. Health: Mask mandates help control the rise in coronavirus hospitalizations. Hospitals face a crush.
  3. Business: Coronavirus testing is a windfall. Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. World: Putin mandates face masks.

The GOP's monstrous math problem

Illustration: Sarah Grillo/Axios

Republicans, win or lose next week, face a big — and growing — math problem.

The state of play: They're relying almost exclusively on a shrinking demographic (white men), living in shrinking areas (small, rural towns), creating a reliance on people with shrinking incomes (white workers without college degrees) to survive.