Acting Labor Sec discusses decline in manufacturing jobs during Bloomberg interview

During a recent Bloomberg interview, Acting Labor Secretary Julie Su addressed the decline in manufacturing jobs, noting that while there was a loss of 24,000 jobs in the sector, the overall trend since the Biden-Harris administration began shows a net increase of over 700,000 manufacturing jobs. This growth is attributed to significant investments aimed at revitalizing American manufacturing, particularly in areas like semiconductors and electric vehicle batteries. Su emphasized the importance of American workers and materials, stating that the investments are designed to utilize American-made steel and resources mined by union workers. Su responded to concerns about the recent job losses by highlighting that the cumulative job growth in manufacturing contradicts the predictions made by many experts. She pointed out that the administration's commitment to job growth and real investments is driving this positive trend. The recent job losses, while concerning, do not negate the overall progress made in the manufacturing sector since the administration took office. Additionally, Su mentioned that construction jobs have also seen significant growth, reinforcing the idea that the administration's policies are fostering job creation across various sectors. The focus on American manufacturing is part of a broader strategy to ensure that the U.S. remains competitive in the global market. In conclusion, while the manufacturing sector has faced challenges recently, the long-term outlook remains positive due to the administration's commitment to revitalizing American industry and creating jobs for American workers.