CEA47 Chair Phelan: The Manufacturing Boom, The Non-Residential Construction Boom Is Real, and It’s Showing Up in the Jobs Data

EXCERPT:

PHELAN: "The other was tariffs. We are saying to companies, either pay a tariff, somebody pays the tariff, or produce it in the United States. And we are seeing a good fraction of them saying okay, we’ll make it in the United States. The manufacturing boom, the non-residential construction boom is real and it’s showing up in the data. It’s showing up in the data for capital expenditures. It’s showing up in the jobs data.”