Bloomberg  headlines the decline of manufacturing last month. Halfway into the piece we get the meat of the story. The slowdown reduced manufacturing jobs by 5% from January:
The ISM’s U.S. factory employment index declined to 51.4, the lowest since June 2013, from 54.1 the prior month.
You have to go back to last July to record a positive increase in factory orders. In the past 15 years if new orders dropped this much, the economy was in recession:
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