Good news! U.S. manufacturers employed 12,922,000 people in October, according to the Bureau of Labor Statistics (BLS). That’s 4 percent more than in October 2021 and 13 percent more than in April 2020, the manufacturing employment low point of the COVID recession.
One of my favorite dishes is the Cajun ribeye at Morton’s Steakhouse. It’s 16 ounces of juicy, spicy goodness. As much as I love the dish, however, it’s not something I could eat every day. I’d quickly develop coronary artery disease. I’d also go broke! A balanced diet is more sensible.
Rarely does a major spending bill in Washington draw bipartisan support and yield immediate results. Behold the CHIPS and Science Act, which was signed into law by President Joe Biden Aug. 9. The act provides more than $52 billion in new funding to boost domestic research and manufacturing of semiconductors in the U.S.
President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on Aug. 16. The law is a major accomplishment for Democrats, who have been struggling for months to pass Biden’s ambitious social and climate policies, as well as his vision to raise taxes on the rich.
On June 6, 51-year-old welder Quoc Le died at a railcar assembly plant in Hamilton, ON, Canada, after a 1-ton bulkhead fell on him. Shockingly, it was the third fatal accident at the factory, which is owned by National Steel Car, in the past 21 months.
Innovation is a principal driver of U.S. economic growth. In 2022, the U.S. will spend nearly $600 billion on research and development, more than any other country in the world and more than 25 percent of the world's total.
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