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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.

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

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.