The latest US employment data offers a nuanced picture of the country’s labour market, reflecting both stability and shifting economic trends. February saw a net gain of 151,000 jobs, with unemployment ticking up slightly to 4.1 per cent. While this increase falls short of projections, it remains consistent with the average job growth over the past year. More importantly, the data reveals sectoral shifts that could define the trajectory of the economy in the months ahead. One of the most notable developments is the turnaround in manufacturing employment. The sector added 10,000 jobs in February ~ the first full calendar month of the second Trump Administration ~ marking a significant reversal from the previous year’s monthly average decline of 9,000 jobs. This suggests that policies aimed at reviving industrial employment may be gaining traction. Given the administration’s focus on reshoring production and strengthening domestic industries, this........

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