In a 2018 Deloitte/Manufacturing Institute report, 89% of manufacturing CEOs cited a critical shortage of talent as their top concern. The study estimated that 4.6 million manufacturing jobs would need to be filled in the next decade—and 2.4 million jobs might go unfilled due to a lack of trained workers.
US manufacturing has taken a beating during the COVID-19 pandemic. According to the Bureau of Labor Statistics, 486,000 job openings were available in manufacturing in June 2019. That number dropped to 306,000 by May 2020 but had recovered to 336,000 (a 10% rebound) by June. So overall demand is down, but assuming the pandemic’s impact on the US economy is not permanent, the skills gap in manufacturing will persist.
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