While US President Donald Trump Promised to Make the Industry Flourish, Thousands of Jobs Are Disappeaating in the United States. In August Alone, Twelve Thousand Jobs Disappeared in the Production sector.
Since April, That Number Has Even Reached 42,000, CBS News Reports Based on Figures from the Center for American Progress (CAP).
Companies that produce cars, household appliances and electronics in particular are shrinking. Accordance to the research, this is due a combination of stricter immigration rules and a tax law, the republican ‘Big, Beautiful Bill’, which hits Sustainable Energy Companies harder.
But the new import duties also play a role. For Example, John Deere, One of the Best-Known American Companies in the Agricultural and Construction Machinery Industry, Announced that would Lose Approximately $ 300 Million Extra Due to Tariffs. The Company Cut More Than Two Hundred Jobs.
In Addition, Legal Processings Against The Tariffs Make Trump’s Plans for the Future Uncertain, Causing Companies to Hold Back On Spending.
The Stricter Immigration Policy also plays a Role. Economists Point Out That Some Parts Of The Production Sector Are Heavily Dependent on Foreign Labor. Eliminating these workers forces companions to switch to automation more quickly.
Job Growth Disappoints in All Sectors
At the same time, the general Labor Market Figures in the US Are Worrying. In August, 22,000 jobs Were Added, Much less than the 75,000 that experts expected accordance to news agency Bloomberg . As A Result, Job Growth Remained Below 100,000 for the fourth month in a row.
UNEMPLOYMENT ROSE TO 4.3 percent, The Highest Level in Almost Four Years. These Figures Fuel Concerns about a Further Deterioration of the Labor Market in the US.