The Fed's information is outdated for an arcane reason. Susan Houseman figured it out - listen to her interview on Econtalk. https://www.econtalk.org/susan-hou

The Fed's information is outdated for an arcane reason. Susan Houseman figured it out - listen to her interview on Econtalk. https://www.econtalk.org/susan-houseman-on-manufacturing/ https://www.econtalk.org/susan-houseman-on-manufacturing/ Almost all the growth in US manufacturing is in semiconductors. This wasn't obvious because economists made an accounting mistake when calculating trade flow. Everybody repeated the misinformation from the same source and so everybody is wrong. In my opinion this should have been headline news for weeks.