Women’s workforce participation has plummeted. Here’s how to reverse the trend https://fortune.com/2022/02/04/wome...labor-shortage-diversity-economy-tami-forman/ excerpt: In fact, the January jobs report found that 275,000 women left the workforce last month, leaving the women’s workplace participation rate at 57%—a rate that pre-pandemic had not been seen since 1988. An entire generation of progress has been erased in two years. more
Probably stop firing and fining teachers in red states who mention Selma or Stonewall is a good start here Copernicus
Biden sets first-year record with 6.6 million jobs added employers added a record 6.6 million jobs during Joe Biden's first 12 months in office, by far the strongest record of any president's first year in office. By comparison, Orange hair's first 12 months in office notched a gain of 2 million jobs.
just to be factual, job growth was Obama's work; from W, O inherited a bankrupt economy that was shrinking, w consecutive months of > 100K job loss. 8 yrs later, when O left office, his admin had generated 71 consecutive months of >100K job creation. w a steady GDP growth of just below 3% Orange hair had inherited this robust economy from O, and continued to generate job growth, but at a lower rate than O, for ~ 41 consecutive months. during his last 6 months in office, Trump admin had generated negative job growth m
that job participation rate of 62.4%---having risen from below 60%---is less than 1% below the level in Feb 2020, when the pandemic started. as a point of reference, Trump left office with the worst jobs record since Herbert Hoover
In August, the U.S. economy created 315,000 new jobs, slightly higher the the estimate of 298,000. Unemployment rate: 3.7% vs. 3.5% expected Average hourly earnings, month-over-month: +0.3% vs. +0.4% expected Average hourly earnings, year-over-year: +5.2% vs. +5.3% expected The labor force participation rate in August also registered a notable uptick, to 62.4% from 62.1% the prior month, matching the highest level since the start of the Pandemic.
Factory jobs coming back to the US... # of factors - Pandemic shows the vulnerability of the "far" (not local) supply chain and heavy reliance on China (and their covid zero policy) - Cost increase for supplies due to "far" (not local) supply chain (shipping, delay shipment, lack of availability) - new legislation and policy that boost domestic manufacturing (infrastructure, federal procurement shift toward domestic supplies) - new manufacturing competitiveness law and climate law that makes long-term investment in the US more attractive (tax credits and other subsidies for semiconductor and battery manufacturers, clean energy) And of course, all of this also yield higher consumer price - aka the dreaded inflation. Inflation (if kept in check and reduce slowly over time) is not just all bad and was due to some good. Factory jobs are booming in the US like it's the 1970s Synopsis The resurgence has not been driven by companies bringing back factory jobs that had moved overseas, nor by the brawny industrial sectors and regions often evoked by President Joe Biden, former President Donald Trump and other champions of manufacturing. Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession has led to the loss of factory jobs that never returned. But the recovery from the pandemic recession has been different: American manufacturers have now added enough jobs to regain all that they shed — and then some. Instead, the engines in this recovery include pharmaceutical plants, craft breweries and ice-cream makers. The newly created jobs are more likely to be located in the Mountain West and the Southeast than in the classic industrial strongholds of the Great Lakes. American manufacturers cut roughly 1.36 million jobs from February 2020 to that April, as COVID-19 shut down much of the economy. As of last month, manufacturers had added back about 1.43 million jobs, a net gain of 67,000 workers above pre-pandemic levels. Data suggests that the rebound is largely a product of the unique circumstances of the pandemic recession and recovery. COVID-19 crimped global supply chains, making domestic manufacturing more attractive to some companies. Federal stimulus spending helped to power a shift in Americans’ buying habits away from services such as travel and restaurants and toward goods such as cars and sofas, helping domestic factory production — and with it, job growth — to bounce back much faster than it did in the previous two recessions. Manufacturers say the numbers could be even stronger, if not for their continued difficulties attracting and hiring skilled workers amid 3.7% unemployment. Biden has pushed a variety of legislative initiatives to boost domestic manufacturing, including direct spending on infrastructure, tax credits and other subsidies for companies such as battery makers and semiconductor factories, and new federal procurement requirements that benefit manufacturers located in the United States. Biden administration officials say those policies could play a decisive role in further encouraging factory job growth in the coming months and years, in hopes of continuing the expansion and possibly pushing factory employment back to pre-2008 levels. Other factors could help hasten more American manufacturing. Delayed deliveries, sky-high shipping prices and other supply chain issues during the pandemic have encouraged some CEOs to think about moving production closer to home. The average price to ship a 40-foot container internationally has fallen sharply in recent months, but it is still three times higher than it was before the pandemic, according to tracking by the freight booking platform Freightos. Businesses are also beginning to question the wisdom of producing so many goods in China, amid rising tensions between Washington and Beijing over trade and technology. The Chinese government’s insistence on a zero-COVID policy, despite the severe disruptions it has caused for the economy, has especially shaken many executives’ confidence in their ability to operate in China. Biden has also maintained many tariffs on Chinese imports imposed by Trump. “The pandemic response by China has definitely prompted more than a rethink on where to put new money. I think we are actually beginning to see action,” said Mary Lovely, a professor of economics at Syracuse University and a senior fellow at the Peterson Institute for International Economics. How much of that investment came to the United States was unclear. “I don’t think anyone really knows,” Lovely said. Eight percent of the surveyed companies reported moving segments of their supply chain out of China to the United States in the past year, while another 16% had moved some operations to other countries. But 78% of the companies said they had not shifted any business away from China. The Biden administration is hopeful that new policies — including a manufacturing competitiveness law and a climate law the president signed this summer — will encourage more companies to leave China for the United States, particularly cutting-edge industries such as clean energy and advanced computing. “One of the most striking things that we are seeing now,” Deese said, “is the number of companies — U.S. companies and global companies — that are committing to build and expand their manufacturing footprint in the United States, and doing so based on their view that not only did the pandemic highlight the need for more resilience in their supply chains, but that the United States is creating a policy environment that makes long-term investment here in the United States more attractive.”
Let's Go Brandon, you old AF dementia riddled fool. This is the definitive proof that the Ds CAN NOT BE TRUSTED with the economy.
Trump juiced the books in 4 short years, and I don't think things will be great 3-5 months from now. I don't think voters will care about factory openings in as much as the quantity and quality of jobs it will bring back. For example, the gigafab TSMC is building in Arizona might be yuge, but it would heavily rely on automation to reduce labor costs and human error. So even if we regain some manufacturing competitiveness like the 70s, there's no guarantee that half the jobs it carried then will come back. Automation and cutting out labor is another big reason why it's coming back stateside.
