Posts Tagged ‘Jobs’
More manufacturing growth in the U.S. means more work for lawyers. Contracts, labor, regulation (environmental et al), and more disposal income for valuable services like estate and financial planning. The average salary of manufacturing workers is 22% above the rest of the workforce ($77,060 and $95,000 for export companies), but the industry must overcome a few of its largest challenges: perception and growth gap.
Manufacturing only gained 500,000 jobs since 2009 while losing two million in the recession. And Americans typcially associate the big M with the big 4 D’s: Dirty, Dangerous, Dumb, and Disappearing. With salaries like the above, maybe more laywers should rethink the profession, skipping an expensive undergradute/professional degree, for a good trade school.
The Labor Department recently released new unemployment figures, and the results are not “less than desirable.” Close to 385,000 people applied for unemployment benefits last week, up from the 4 week average 354,250. This is the third straight week of increases.
This comes right on the heels of the the news that 663,000 people dropped out of the labor force. But The White House is optimistic however, citing a report released today by the Bureau of Labor Statistics which shows that private sector businesses added 95,000 jobs last month.
See the USAToday article here.