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Report: Pentagon Says STEM Education Deficit is Weakening America
The United States risks losing its competitive advantage if it continues with its business-as-usual approach and fails to equip its workforce with the education and skills to develop and field complex, cutting-edge emerging technologies like artificial intelligence, autonomous systems, machine learning, and hypersonics.
On January 14 the Pentagon released its annual report on the state of the U.S. defense and manufacturing industrial base. The estimated cost of the report was $159,000 USD and clocked in at 184 pages. The document, entitled US Defense Industrial Base Industrial Capabilities Report January 2021, is a congressionally-mandated, annual requirement in which the Secretary of Defense informs the armed services committees on the actions, investments, and overall health of the U.S. defense industrial base (DIB). The report is divided into nine component areas spanning the Department’s primary DIB lines of
The U.S. Bureau of Labor and Statistics reported on Wednesday that union members accounted for 9.4 percent of wage and salary workers in Missouri in 2020, compared with 11.1 percent in 2019.
Regional Commissioner Michael Hirniak noted that the union membership rate for the state was at its peak in 1989, when it averaged 15.5 percent, and at its low point in 2014 at 8.4 percent. Nationwide, union members accounted for 10.8 percent of employed wage and salary workers in 2020, up by 0.5 percentage point from 2019. Since 1989, when comparable state data became available, the union membership rate in Missouri has been higher than the U.S. rate on six occasions, most recently in 2019.
TOM LUTEY
In spite of significant job losses during the pandemic, Montanans personal income may have improved in 2020, largely because of a major cash infusion from the federal government, an economist said Monday.
More than $8 billion in federal funds flowed into Montana through business grants, farm subsidies, juiced unemployment payments, or other means. That funding, coupled with some parts of the economy actually doing better in 2020, has analysts seeing the year differently than they did at the recessionâs start.
âThere are parts of the economy right now that have more than recovered. There are pieces of the economy that have never had a year like 2020, on the plus side,â said Patrick Barkey, director of the University of Montana Bureau of Business and Economic Research. âBut of course, there are many parts of the economy that are still suffering today.â
TOM LUTEY
Montana exited 2020 with 16,600 fewer payroll jobs than it had before the pandemic and a relatively flat recovery, December jobs statistics show.
In the last month of the year, seasonally adjusted payroll jobs increased by just 400, making it the smallest month-to-month improvement since the recessionâs start in March 2020. The U.S. Bureau of Labor and Statistics released the jobs data at the start of the week.
âWhat the last four or five months of data has shown, both at the national level and the state level, is that this recovery has just stalled,â said Paul Polzin, economist emeritus at the University of Montanaâs Bureau of Business and Economic Research. âWe need a major injection of federal funds. And I find both the Democrats and the Republicans abysmally at fault for not reacting faster to this stall in the economic trends.â