Factory Jobs Grow in November, But Will It Last?

Scott Paul

Scott Paul Director, AAM

The manufacturing sector grew by 31,000 jobs in November, according to the latest employment data from the Labor Department. With 171,000 total factory jobs created so far this year, the economy is now on pace to add the most manufacturing jobs in a year since 2014, when 208,000 jobs were created.  

The job gains come after a disappointing month for the U.S. trade deficit, which hit $48.7 billion, its highest rate since January. Meanwhile, steel imports are up during the same time period.

Said Alliance for American Manufacturing (AAM) President Scott Paul: 

A healthy boost in manufacturing jobs is something to cheer about.

Now imagine the possibilities if we had better public policies to support manufacturing: Reciprocal trade, investments in infrastructure, workforce development, and strong R&D.

I've made the case that automation and robots won't destroy all that many factory jobs, but bad policies will. I hope the million-plus manufacturing jobs added since 2010 make that case even more persuasive.

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Reposted from AAM

Posted In: Allied Approaches, From Alliance for American Manufacturing

Union Matters

An Invitation to Sunny Miami. What Could Be Bad?

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

If a billionaire “invites” you somewhere, you’d better go. Or be prepared to suffer the consequences. This past May, hedge fund kingpin Carl Icahn announced in a letter to his New York-based staff of about 50 that he would be moving his business operations to Florida. But the 83-year-old Icahn assured his staffers they had no reason to worry: “My employees have always been very important to the company, so I’d like to invite you all to join me in Miami.” Those who go south, his letter added, would get a $50,000 relocation benefit “once you have established your permanent residence in Florida.” Those who stay put, the letter continued, can file for state unemployment benefits, a $450 weekly maximum that “you can receive for a total of 26 weeks.” What about severance from Icahn Enterprises? The New York Post reported last week that the two dozen employees who have chosen not to uproot their families and follow Icahn to Florida “will be let go without any severance” when the billionaire shutters his New York offices this coming March. Bloomberg currently puts Carl Icahn’s net worth at $20.5 billion.

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Health Care Should Not Be A Bargaining Weapon

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