Why aren't more people taking on the trades?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 6 September 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | NPR This is the indicator for Planet Money. I'm Adrian Ma. |
| 0:14.4 | And I'm Darien Woods, and it is Jobs Friday. |
| 0:17.8 | It's that time of the month when we take the temperature of the American jobs market, |
| 0:23.0 | and we see how the economy is working for everyday people. |
| 0:27.0 | In August, 142,000 jobs were added to the U.S. economy. |
| 0:32.0 | That's a little on the soft side, especially given that previous month's jobs numbers were |
| 0:37.3 | revised down. |
| 0:39.3 | There were some bright spots though. |
| 0:42.1 | Unemployment ticked down slightly to 4.2%, 34,000 new |
| 0:46.4 | construction jobs were created and while manufacturing jobs were down last |
| 0:51.7 | month long term the trades will be needed. |
| 0:55.0 | And that's why today we're going to focus on manufacturing jobs. |
| 0:59.0 | According to a recent report by the consulting firm Deloitte, |
| 1:02.0 | the US manufacturing industry could need as |
| 1:04.4 | many as 3.8 million new employees over the next decade. And yet about half those |
| 1:09.8 | jobs could go unfilled. So it's a bit of a problem in need of some kind of solution. |
| 1:15.0 | And when Dan L Epps learned about this projected labor shortage, |
| 1:19.0 | his mind started racing. |
| 1:21.0 | It was kind of baffling to me. I learned that these jobs were very good paying jobs. I couldn't you know |
| 1:28.6 | understand why there was this labor shortage in this inability to find talent when there were so many people |
| 1:35.2 | that were desperately in search of middle class careers. |
| 1:40.0 | Dunel decided he wanted somehow to help bridge that gap. |
... |
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