Labor Participation Rate- Even HUFFPOST Figures It Out!

April 5, 2013

The labor participation rate fell to 66.3 percent it’s lowest level in 34 years in March. What recovery?

Recovery? HA!

Recovery? HA!

Even the Huffington Post has figured out that we have a structural unemployment problem:

With more than 3 million open and available jobs on the career website CareerBliss.com alone, why do we keep seeing the labor participation rate dropping?

The answer is that employers can’t find the right workers. Too many unemployed American workers lack the relevant skills needed to fill the millions of jobs available.” -Heidi Golledge

That sure doesn’t sound like ‘cyclical unemployment’ to me.

Here’s more from HuffPost: “If you look at the current employment numbers there is a quality job out there for just about every graduate — if only they would have been guided toward courses of study that would give them the skills most in demand. We can start to bridge the skills gap now by guiding future workers toward growing and emerging industries.”

Sounds like the definition of structural unemployment to me: Structural unemployment is a form of unemployment which occurs when the number of vacancies is equal to, or greater than, the number of the unemployed. The unemployed workers may lack the skills needed for the jobs, or they may not live in the part of the country or world where the jobs are available.

We have been talking about this issue for some time- here, here, here, here are some of our most recent ones.

For a great (but ominous) discussion of just how bad this is, read The Market Ticker’s post: “The Chart That Will Crash The Market.

It is about this Labor Participation Rate chart posted above.

We need to give people skills so that they can be hired. Our industry is hiring. Info about skills  and careers can be found here. Need training? Check out PMPA’s Comprehensive Training Database.

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Where The Jobs Are- Mark Tomlinson in Huffington Post

April 5, 2013

The manufacturing industry is facing an employment crisis. The rate of technical advances has outpaced our ability to educate and train workers on new machines and applications, creating a “skills gap.”Mark Tomlinson, CEO, Society of Manufacturing Engineers.

Skilled machinists positions continue to be open in our industry.

Skilled machinists positions continue to be open in our industry.

I thought it was interesting that even during the depths of the last recession, the classified ads in the major newspapers still showed opportunities for setup and machinists in our precision machining sector of advanced manufacturing. It’s still true today. We have visited local community colleges  around the country that provide machining training and we hear the same story, after the first semester, “most of our students already have found a job or have one promised upon graduation.”

Here’s more from Mark-

“This is a great time to work in manufacturing. We’re applying once pie-in-the-sky technologies to real-world needs: creating strong yet flexible limb replacements for our wounded warriors, robots that crawl into the fuselage of an aircraft, mountain bikes for extreme enthusiasts, engineered for safety pushing the boundaries of men and machine. It’s stuff that captures the imagination.

“Yet students are not pursuing these jobs despite the cool factor. Some of it is institutional and some of it is perception. A major challenge is there is no academic infrastructure to administer STEM (science, technology, engineering and mathematics) curriculum on a national scale. That’s compounded by a lack interest in STEM by educators, parents and students who may be more inclined toward attending a four-year college.”

We need to help change the perception of manufacturing and skilled trades.  In educators, parents, and students.

We need to help change the notion that going heavily into debt for a bachelors degree without a plan for return on investment (ROI)is the weay fofr our sons and daughters to get their start in life.

We need to show parents, students, counselors, teachers, our communities, the “existential joys of manufacturing”- the cool stuff we make, the high tech machines we use to make it, and the broad math, science, problemsolving intellectual skill set that we bring to our work.

That our skilled machinists are worthy of the highest respect.

Mark Tomlinson told the Huffington Post “We know where the jobs are.”

Indeed.

If you would like to investigate a career in advanced manufacturing / precision machining- we’ve prepared a a database to help you access training resources wherever you are. PMPA Career Info Database.

For more info you can also  search on “Manufacturing,” “Skills,” or “Career” in this blog’s search box in the upper right corner.

Or go to PMPA website Careers section.

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