Economics and Finance

The number of unemployed persons per job opening fell to 1.13 in June 2017, a 10-year low and significantly lower than the July 2009 peak of 6.6. In other words, we are close to having a job opening for every person that is unemployed. In the Midwest, the number of unemployed per job opening has now dropped to less than one, the lowest of any region.

A recently released report by MForesight, America's Next Manufacturing Workforce: Promising Practices in Education & Skills Building, outlines a range of successful educational initiatives, policy interventions, and pilot programs to strengthen manufacturing careers. The report emphasizes initiatives that are effective, replicable and scalable.

CSG convened the Autonomous and Connected Vehicle Policy Academy June 12-14, 2017 in Detroit. A group of state policymakers from around the country attended the event. The academy included a June 13 panel on the Federal Automated Vehicles Policy issued in 2016 by the National Highway Traffic Safety Administration and its model state policy. Panelists included Cathie Curtis of the American Association of Motor Vehicle Administrators, Staff Sgt. Terence McDonnell of the New York State Policy traffic services section and Santa Clara University law professor Robert Peterson.

CSG convened the Autonomous and Connected Vehicle Policy Academy June 12-14, 2017 in Detroit. A group of state policymakers from around the country attended the event. The academy included a special briefing June 13 by Robert Peterson, a law professor at Santa Clara University in California, who explained how insurance and liability will change as autonomous vehicles come online.

According to the U.S. Department of Agriculture, the average married middle income ($59,200-$107,400) couple can expect to spend $233,610 on each child for food, shelter and other necessities through age 17. Child care and education will take up 16 percent of those expenditures. However, child care costs vary dramatically across the country.

In 2011, the American Association of University Women, or AAUW, published The Simple Truth about the Gender Pay Gap, a comprehensive report on the state of the gender pay gap in the U.S. which is updated as new data is made available through the U.S. Census Bureau and the U.S. Bureau of Labor Statistics. Released this spring, the most recent edition reports that in 2015 women working full time in the United States were paid 80 percent of what men were paid.

With traditional four-year colleges driving student loan debt up to a record high of $1.3 trillion and a purported “middle skills” gap, the Trump administration’s new executive order promotes paid apprenticeship programs so students can earn while they learn. Middle skills are trades like plumbing and welding that aren’t taught in four-year colleges or high school.

According to the U.S. Department of Labor, an individual employer, group of employers, or an industry association can sponsor a Registered Apprenticeship program. Program sponsors provide jobs to apprentices, oversee training development, and provide hands-on learning and technical instruction for apprentices. At the successful completion of the on-the-job and instructional learning, apprentices receive an industry-issued, nationally recognized portable certificate of completion.

According to new data released today by the U.S. Census Bureau, per student spending on public elementary and secondary school systems increased for every state in 2015, except for Arizona where spending decreased by 0.5 percent. Alaska and New York lead the pack, with both increasing spending by more than nine percent. Nationally, per student spending was $11,392 in 2015 – a 3.5 percent increase over the previous year – representing the largest year-over-year increase in per student spending since 2008.

Last week President Trump withdrew the United States from the Paris Climate Accord, citing the “draconian financial and economic burdens the agreement poses on our country.” The decision to withdraw from the agreement—a major international treaty to address climate change—is going to have broad policy and environmental impact on the global stage.

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