The latest PMI report shows manufacturing production, orders, imports, and exports all grew in May — but payrolls shrank for the 32nd consecutive month. How can a sector expand without adding workers? The episode also explores dollar stores moving into delivery, college campuses becoming testing grounds for robotics, and upcoming jobs data that will reveal whether wage growth is outpacing inflation.
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Canon
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Manufacturing Growth Without Job Creation
PMI data for May shows manufacturing output, orders, and trade all expanding while payrolls shrank for the 32nd consecutive month, raising the question of how much a sector can grow without hiring humans.
Dollar stores, traditionally known for rock-bottom prices and in-store browsing, are now experimenting with delivery services to compete with big-box and online retailers.
Universities are turning their campuses into live labs where autonomous delivery robots navigate sidewalks, stairs, and student crowds, testing real-world robotics in dynamic environments.