The article discusses the challenges facing the US manufacturing sector, emphasizing the pressing skills gap, an aging workforce, and negative perceptions about modern manufacturing. Despite attempts by the Trump administration to revitalize the industry through tariffs, experts indicate that these measures may not be sufficient. The Manufacturing Institute highlights that approximately 500,000 open jobs exist each month, with a significant need for 3.8 million new employees by 2033. The report warns that without addressing the skill shortfall, half of these positions may remain unfilled, complicating recovery efforts in the manufacturing sector.
Manufacturers have faced a structural challenge for multiple years now. The heart of that is most people don't know what modern manufacturing is all about, that we still are challenged by a perception of what the industry used to be.
Our workforce, a lot of them are also retiring, and they are older. Manufacturers have averaged about 500,000 open jobs every month for several years now.
More than 65% of manufacturing companies consider recruiting and retaining workers as their top business challenge.
The manufacturing sector could need as many as 3.8 million net new employees between 2024 and 2033, and that around half of these jobs could remain unfilled.
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