Industrial Production Is Not Really “Surging”

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Donald Trump is bragging today that industrial production “surged” in April. And sure enough, it was up 1.7 percent compared to last year. That’s not bad. But you know what else increased since last year? The population of the United States. Here’s the industrial production index from the Federal Reserve adjusted for population growth:

That tiny blip at the end represents the surge. So don’t get too excited. Per capita industrial production in the US has been roughly flat for the past four years and nothing that Trump has done so far—or is likely to do—has much chance of changing that dramatically.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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