A couple of key points in June 3rd, 2022 Employment Numbers that are of interest. As we bring back manufacturing and other sources we want to see jobs in manufacturing rise and we want to see exports rise. Fairly simple but there are lots of other things that lead to an improved investment market, manufacturing market, and finally exportation market that leads to substantial growth. Many sort of things come together in developing national capacity in the right kind of industries.
While we sort of have people going back to jobs we should think about are we using our labor the best we can to maximize its value and increase the total supply chain value across the globe? Thinking on a macro level can improve on an entire system. Now that labor is increasingly in short supply how might technology start to influence productivity and where should those resources be placed to maximize economic value? (Of course I'm still watching some projections and thinking of the 22/23 and 23/24
Below is quoted:
occurred in fabricated metal products (+7,000), wood products (+4,000), and electronic instruments (+3,000). Employment in manufacturing overall is slightly below (-17,000 or -0.1 percent) its February 2020 level.
-Wholesale trade added 14,000 jobs in May, including gains in durable goods (+10,000) and electronic markets and agents and brokers (+6,000). Employment in wholesale trade is down by 41,000, or 0.7 percent, compared with February 2020. Mining employment increased by 6,000 in May and is 80,000 higher than a recent low in February 2021.
-Average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents, or 0.3 percent, to $31.95 in May. Over the past 12 months, average hourly earnings have increased by 5.2 percent. In May, average hourly earnings of private-sector production and nonsupervisory employees rose by 15 cents, or 0.6 percent, to $27.33. (See tables B-3 and B-8.)
-In May, transportation and warehousing added 47,000 jobs. Employment rose in warehousing and storage (+18,000), truck transportation (+13,000), and air transportation (+6,000). Employment in transportation and warehousing is 709,000 above its February 2020 level.
-Manufacturing employment continued to trend up in May (+18,000). Job gainsoccurred in fabricated metal products (+7,000), wood products (+4,000), and electronic instruments (+3,000). Employment in manufacturing overall is slightly below (-17,000 or -0.1 percent) its February 2020 level.
-Wholesale trade added 14,000 jobs in May, including gains in durable goods (+10,000) and electronic markets and agents and brokers (+6,000). Employment in wholesale trade is down by 41,000, or 0.7 percent, compared with February 2020. Mining employment increased by 6,000 in May and is 80,000 higher than a recent low in February 2021.
-Average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents, or 0.3 percent, to $31.95 in May. Over the past 12 months, average hourly earnings have increased by 5.2 percent. In May, average hourly earnings of private-sector production and nonsupervisory employees rose by 15 cents, or 0.6 percent, to $27.33. (See tables B-3 and B-8.)
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