Young People See Record High Joblessness
While the labor market is holding steady, it’s not a good time to be looking for a job—particularly if you’re young (The Wall Street Journal, subscription).
What’s going on: “Recent college and high school graduates are facing an employment crisis. The overall national unemployment rate remains around 4%, but for new college graduates looking for work, it is much higher: 6.6% over the past 12 months ending in May.”
- That’s the highest level for this age group in a decade, not counting the COVID-19 unemployment increase.
- By contrast, jobseekers aged 35 to 44 with bachelor’s degrees had a 2.2% unemployment rate over the past year.
What’s different now: “Young graduates typically face a higher unemployment rate than their counterparts who have been in the workforce longer, but the gap is growing wider between older workers and the young.”
Why it’s happening: There’s a general slowdown in hiring right now.
- While it hasn’t had much of an effect on people who already have jobs (because layoffs have stayed low), it has hit those with the least experience.
- “With employers turning more cautious on hires, they are less inclined to gamble on workers with thinner résumés or skill sets.”
Worse for high school grads: “High school graduates ages 18 to 19 with no college [experience] averaged an unemployment rate of 14.5% over the past 12 months. That is up from 13.3% over the prior 12-month period.”
Manufacturing’s offer: With 381,000 job openings today, and as many as 3.8 million new employees needed by 2033, the manufacturing industry has many opportunities both for new college graduates and those without a college degree.
- The Manufacturing Institute, the NAM’s 501(c)3 workforce development and education affiliate, is creating solutions for employers seeking workers with much-needed skills and offers programs and resources for students, veterans and other job seekers looking to enter the industry. Learn more here.
Don’t Miss the MI’s Annual Workforce Summit
With 2025 shaping up to be another challenging year for manufacturers, amid evolving workforce needs, rapid technological advancements and economic uncertainty, the Manufacturing Institute is offering much-needed help. The annual Workforce Summit put on by the NAM’s workforce development and education affiliate is a can’t-miss event where manufacturers can learn what works and how peers are addressing all these challenges.
What’s going on: This year’s summit, whose theme is “Manufacturing America’s Talent,” will be held Oct. 20–22 in Charlotte, North Carolina.
- Attendees will participate in sessions and interactive workshops that focus on topics like workforce preparation for AI deployment, expanding the military-to-manufacturing pipeline, closing the skills gap in hires with no factory experience, how to design optimal onboarding programs and much more.
- Sponsors include Dozuki, Grant Thornton, American Fidelity, TCP, Cornerstone OnDemand, MSSC and MyWorkChoice.
Why attend: At the Workforce Summit, manufacturers will be able to connect with subject-matter experts, community partners and education professionals to brainstorm and get answers about common challenges facing the sector.
- The vast majority—95%—of past attendees give the workshops four to five stars (out of five), according to the MI.
Who should attend: The Workforce Summit brings together the entire manufacturing talent chain and delivers fresh solutions for the industry’s most pressing workforce challenges. If you shape strategy, develop skills or build partnerships, this event is for you.
Register: Register for this year’s event here (but hurry—discounted early bird registration ends July 15). Contact [email protected] with any questions.
Read more: Read all about our two most recent Workforce Summits here and here.
GE Appliances Opens Onsite Clinic for Employees in Tennessee
GE Appliances, a Haier company, has opened an advanced primary care clinic onsite at its Monogram Refrigeration LLC plant in Selmer, Tennessee, the company announced this week.
What it does: The third onsite clinic at a GE Appliances facility, the Selmer clinic will serve employees and covered family members who are at least 2 years old. It is offered in addition to traditional health care benefits, the company said, and it will be managed by third-party health care provider CareATC. The clinic’s services include:
- Advanced primary care;
- Mental health services;
- Access to a registered dietician; and
- Prescription services for common medications.
Impressive results: GE Appliances’ existing two clinics have shown impressive results in caring for employees, most notably a 35% increase in preventative care visits and a 70% reduction in avoidable ER visits among employees using the clinics.
- Employees average 4.82 visits per year—which is far more than the industry benchmark, according to GE Appliances.
GE Appliances says: “In today’s fast-paced world, providing accessible and comprehensive health care is more important than ever—especially in rural manufacturing communities,” said GE Appliances Chief Human Resources Officer Rocki Rockingham.
- “This clinic is more than a benefit; it’s a key part of our strategy to be an employer of choice and attract and retain the talent we need to operate and grow in a competitive labor market. Our employees deserve the best, and that includes health care that’s close to work, easy to access and focused on their whole well-being.”
The MI says: The Manufacturing Institute, the workforce development and education affiliate of the NAM, supports manufacturers in their efforts to offer high-quality benefits to workers, including medical care.
- “When manufacturers invest in the holistic well-being of their workforce, they’re doing more than offering benefits—they’re making a powerful statement that their people are their greatest asset,” said MI President and Executive Director Carolyn Lee.
- “These investments in people play a critical role in both attracting and retaining talent. At the MI, our research consistently shows that team members are more likely to stay—and thrive—when they believe their employer truly cares about them. It’s not just the right thing to do; it’s a smart strategy for attracting and retaining the skilled talent that drives our industry forward.”
Why Manufacturers Can’t Fill Their Job Openings
Manufacturers struggle to fill all available jobs, Manufacturing Institute President and Executive Director Carolyn Lee told NPR’s “Planet Money” this week. The program held an in-depth discussion with Lee and other experts about the industry’s workforce challenges and prospects for change.
The problem: “Last year, the Manufacturing Institute [the NAM’s workforce development and education affiliate] and Deloitte, a consultancy firm, surveyed more than 200 manufacturing companies. More than 65% of the firms said recruiting and retaining workers was their No. 1 business challenge,” NPR noted.
- “The Manufacturing Institute and Deloitte projected that the industry will need 3.8 million additional workers by 2033 and that as many as ‘1.9 million of these jobs could go unfilled if workforce challenges are not addressed.’”
Changing perceptions: Lee underlined the importance of changing Americans’ perceptions of the manufacturing industry and showing them that it is not dirty, boring and repetitive but modern and high tech.
- Manufacturing jobs are “clean and bright and full of technology,” Lee told NPR.
Skills shortage: Another problem facing the industry is a lack of people with specific, highly needed skills.
- “The hardest skills to find are the ones that maintain and fix equipment,” Lee says. “Every company we speak with is trying to hire technicians—every single one. The challenge is that there is no one walking around on the street with these skills, and it takes one to two years to teach those skills and another one to two years to contextualize those skills to the specific plant environment.”
The fix: Lee said that manufacturers have the most success in strengthening their workforces when they think local.
- “The very best models of workforce development that we see and that we engage in at the Manufacturing Institute are locally and regionally led public–private partnerships, where manufacturers come to the table—and with the support of the community college system and the local business community—they build the talent pipelines that they need,” she told the news outlet.
Finding FAME: The MI is also contributing directly to solving the skills shortage, including through the expansion of FAME, an earn-and-learn initiative originally founded by Toyota and now led by the MI that combines hands-on job training with classroom education.
- “[A]t the end of the 21 months [in the program], students come out with, in most cases, no college debt,” Lee said. They are also well set up for a lifetime of high-paying, in-demand work.
- A Brookings Institution and Opportunity America study cited by NPR found that “five years after completion, FAME graduates were earning nearly $98,000, compared to roughly $52,783 for non-FAME participants—a difference of more than $45,000 a year.”
Read the whole thing: You can find the whole NPR article here.
Anheuser-Busch Partners with the Manufacturing Institute on Workforce, Veterans’ Careers
Anheuser-Busch, the maker of Budweiser and Bud Light among other products, is investing more than $300 million in local communities and facilities in 2025, including in efforts to upskill its workforce and help veterans find new careers at the company (Anheuser-Busch).
- This investment is a continuation of the more than $2 billion Anheuser-Busch has poured into 100 facilities across America over the past five years.
Heroes MAKE America: To support veterans in their new careers, Anheuser-Busch is partnering with the Manufacturing Institute—the NAM’s workforce development and education affiliate—to become the first manufacturer in the U.S. to adopt the MI’s new digital credentialing system for veterans.
- This system, overseen by the MI’s Heroes MAKE America initiative, translates military experience into skills needed for manufacturing careers, making veterans’ backgrounds more comprehensible to hiring managers.
- Anheuser-Busch will also train its workforce on the credentialing system, so that they understand the important skills that veterans will bring to the company and can evaluate the thousands of applications it will receive using the system.
Workforce training: Anheuser-Busch is also expanding its Technical Excellence Center model across the country, following its great success in St. Louis. The first new center will be its Columbus, Ohio, Regional Excellence Center, where it “will upskill its entire regional technical workforce over the next three years,” according to the company.
- The MI has a role in this expansion as well. Anheuser-Busch will partner with the MI and local trade schools so that trade school students and educators can benefit from the St. Louis and Columbus Technical Excellence Centers.
Anheuser-Busch says: “This new $300 million investment in our manufacturing facilities across the U.S. is the latest example of Anheuser-Busch’s commitment to strengthening our local communities by creating and sustaining jobs and driving economic prosperity,” said Anheuser-Busch CEO Brendan Whitworth. “Investing in our people and in new technologies and capabilities to drive industry and economic growth is core to who we are.”
From the MI: “Anheuser-Busch’s $300 million investment is more than a commitment to manufacturing in America—it’s a commitment to America’s future,” said NAM President and CEO and MI Chairman of the Board Jay Timmons.
- “By expanding technical training and strengthening our industrial base in Columbus, and with their support of the Manufacturing Institute’s Heroes MAKE America initiative, they are opening doors of opportunity for manufacturing workers across this country.”
- “This investment will help fuel our economy, lift up communities and secure the promise of manufacturing in America for generations to come.”
On the ground: The announcement of Brewing Futures took place in Columbus, Ohio, with Whitworth, Secretary of Labor Lori Chavez-DeRemer, Ohio Gov. Mike DeWine and Sens. Jon Husted and Bernie Moreno. Marking the significance of the announcement, MI President and Executive Director Carolyn Lee and NAM Executive Vice President Erin Streeter also attended the event.
- “It was great being on the ground in Columbus, Ohio, for this announcement with Brendan Whitworth and Secretary Chavez-DeRemer highlighting Anheuser-Busch’s commitment to supporting veterans and advancing our workforce,” said Lee.
- “Through our Heroes MAKE America initiative, we’re proud to partner with forward-thinking manufacturing leaders like Anheuser-Busch who are proactively building supportive communities of veterans within their organizations. By adopting tools like our Manufacturing Readiness Badge program, they are not just investing in people; they are helping shape the future of manufacturing.”
- “This investment will help fuel our economy, lift up communities and secure the promise of manufacturing in America for generations to come.”
How a Small Manufacturer Offers Big Retirement Benefits
401(k) fees are a hot topic of conversation if you are an HR leader. When Miltec UV Human Resources Director Karen McKernan was discussing 401(k)s with an old friend, she discovered that Miltec, a small manufacturer, paid much more in fees than her friend’s larger employer. She was aghast, but what could Miltec do about it? The company did not have the purchasing power of a large firm, and so its options seemed limited.
Not so fast. Soon after that conversation, McKernan started receiving emails from the NAM about its new multiple employer plan, the Manufacturers Retirement & 401(k) Savings Plan, which allows many companies to participate in one 401(k) plan. Not only does the larger number of participants lower the fees, but the plan offers administrative and compliance oversight, as well as other benefits.
After doing her research, McKernan was convinced. By mid-2022, she was working with the NAM, the plan administrator, and recordkeeper and service provider Principal to make the switch. On Nov. 1, 2022, the new plan went live for Miltec employees. Today, McKernan says, she would never go back.
The benefits: Once McKernan laid out all the advantages for Miltec’s owners and 401(k) trustees, NAM 401(k) was an “easy sell,” she told us.
- Not only did the fee reduction seem like a “no-brainer,” but the new plan would lift a considerable administrative burden that had fallen entirely on McKernan. It would also offer benefits to employees that Miltec, as a small company, could not add on its own without creating even more administrative tasks.
- Furthermore, the NAM 401(k) comes with an independent 3 (38) investment fiduciary, One Digital, which reviews the funds’ performance regularly and issues reports on a quarterly basis, ensuring low-performing funds are “watched” and subsequently removed and replaced when needed. By delegating investment decisions under this arrangement, a company significantly reduces its potential liability for poor investment decisions.
- Additionally, any plan with more than 100 participants must undergo an annual audit, which is time consuming and expensive. Under NAM 401(k), the plan coordinates and manages the audit for participating companies.
What she doesn’t miss: McKernan listed all the duties she used to perform for Miltec’s own 401(k), which have now been taken over entirely by the NAM’s plan. She doesn’t miss:
- Monitoring enrollment, which Miltec’s employees can now undertake directly on Principal’s website;
- Sending out many required annual notices;
- Compliance testing and 5500 filings (which ensures the plan meets the IRS’s requirements for retirement plans, so that employees can receive tax benefits);
- Sending out summary annual financial reports and quarterly statements; and
- Handling employees’ questions and all communications about the plan.
In contrast, McKernan now only provides information to Principal through an automated payroll report and keeps an eye on how things are going, just in case. There have been few problems, she told us, and those were fixed with alacrity by Principal and the NAM.
Implementation: The entire timeline, from learning about NAM 401(k) to finalizing the switchover, took no more than a few months, McKernan said.
- Principal oversaw the transition, with weekly check-ins, a dedicated project manager and a schedule that included clear deadlines. While transitioning 401(k) plans is “a project,” McKernan said, Principal “managed it very well, including all required communications, and finishing right on time.”
- A word of advice: “If I had to do it all over again, I would have moved the plan over on Jan. 1 instead of Nov. 1,” said McKernan. Having two different plans in one year proved to be more of a headache than she expected, as it forced Miltec to do compliance testing on both plans in 2022.
The reception: “The company’s employees and owners are very pleased with the new NAM plan,” McKernan said.
- Aside from the savings in time and money, NAM 401(k) offers a host of other features that manufacturers can customize. One new feature that has proved popular with Miltec’s employees is loans, noted McKernan.
- In addition, Miltec’s previous plan had a 12-month waiting period before employees could participate, but NAM 401(k) reduced the wait to six months—which is far more appealing to new hires, she added.
- Ultimately, Miltec’s leaders and employees understood and appreciated the logic of joining a multiple employer plan, said McKernan. “They recognize the more participants you have, the more buying power you have. They are seeing the positive results of having access to a robust fund lineup and how that translates to lower fees every time they receive a quarterly statement.”
The bottom line: “I honestly don’t see how a small manufacturing company wouldn’t benefit from joining the NAM 401(k),” said McKernan.
- “I’ve been in HR for a very long time, and when we talk to job candidates about benefits, the 401(k) plan always comes up. It’s a benefit that is necessary to attract talent, as well as help your employees meet their retirement goals,” she added.
- “I wouldn’t hesitate to recommend this plan to any small, medium or large manufacturer.”
Rethink 2025 Is Coming Up Fast
Get ready! Manufacturing’s leading annual event on accelerating digital transformation is right around the corner.
What’s going on: Rethink—held by the Manufacturing Leadership Council on Marco Island, Florida, each June—is a must-attend conference for anyone interested in Manufacturing 4.0 and where it’s headed (The MLC is the digital transformation division of the NAM.)
- This year’s event takes place June 15–18 at the JW Marriott Marco Island Beach Resort.
Why you should go: Rethink attendees will get an inside look at the cutting-edge processes and technologies transforming manufacturing today—directly from those creating and implementing them. They’ll also get a chance to:
- Consult with peers on manufacturing’s most critical initiatives, including smart factories and digital production, resilient supply networks and analytics and data mastery;
- Participate in real-time discussions and one-on-one meetings to help them understand how various solutions can solve their business problems;
- Hear from industry leaders and experts during panel discussions, executive interviews and more;
- Interact and collaborate with peers during interactive “think tank” sessions; and
- Hear from the MLC’s event partners during Rethink’s exclusive VIP Tour.
Who will be there: Scheduled speakers include Siemens USA President and CEO Barbara Humpton, Eaton Vice President of Industry 4.0 Craig Sutton, Hershey Company Vice President of Manufacturing, Operations Technology and Supply Chain Strategy Will Bonifant, Rockwell Automation Senior Vice President of Intelligent Devices Tessa Myers and many more.
The gala: Closing out the packed three-day event is the Manufacturing Leadership Awards Gala, at which the MLC will recognize award finalists and winners of the Future of Manufacturing Award, the Manufacturing Leader of the Year, the Small/Medium Enterprise Manufacturer of the Year and the Large Enterprise Manufacturer of the Year. The gala will take place on the evening of June 18.
Attend: Register online here for Rethink 2025. (NAM members get a discount at checkout.) Questions? Send them to [email protected].
The Innovators Quest Gets Students Excited About Manufacturing
Manufacturers have a new opportunity to connect with students and encourage them to explore careers in manufacturing. The Manufacturing Institute (the NAM’s workforce development and education affiliate) has developed a gamified experience called Innovators Quest, specially designed to introduce students to manufacturing-related skills in a fun-filled format.
The experience is made up of four realms in a board game format with hands-on building challenges. As they seek to recover the “Crystal of Innovation,” students in grades 4 through 9 can try their hands at 3D printing, robotics and other crucial skills. Manufacturers can sponsor Innovators Quest sets, which they can take to schools, afterschool programs, local community events, Boys and Girls Clubs and more.
The quest: The conceit of the game is that the aforementioned crystal has fractured, and the students must fix it by completing four challenges in whichever order they choose.
- While the students play collaboratively, completing challenges together, they all take on the role of different innovator characters who have different mixes of manufacturing-related strengths, including “analytical, visual, intuitive, strategic and extroverted.”
- “We want all students to see themselves in at least one of these characters,” MI Director of Student Engagement Jen White explained to us.
The challenges: The four challenges ingeniously explore manufacturing concepts while still entertaining the participants, as the writer of this article can vouch.
- One challenge instructs students to build paper airplanes. But the lesson isn’t just about building—it’s about perfecting and testing your products. The players must make 10 airplanes following two separate designs, then put together an electric plane launcher. Finally, they test their airplanes to see if they sail the necessary 6 feet to “fly away” with a handful of the crystal fragments. Skills and concepts learned: collaboration, iteration, precision, electromechanical building, aerodynamics, following directions and testing.
- A second challenge draws on the principles of additive manufacturing. Players are asked to use 3D pens (which dispense a line of malleable plastic that can be made into shapes or figures) to construct the pieces of a bridge over which the crystal fragments must be transported. Skills and concepts learned: additive manufacturing, precision, following a blueprint, welding parts together, collaborating on different pieces and structural integrity.
We won’t spoil the other two realms, but they involve a similar blend of fun challenges and manufacturing skills exploration—including the construction of a small robotic toy and a test of deductive reasoning.
The bottom line: “Innovators Quest was developed based on proven approaches to empower manufacturing employers to engage students early and often,” said MI President and Executive Director Carolyn Lee. “By sparking their interest in skills needed in modern manufacturing, this student engagement tool illustrates the limitless possibilities of the many careers in our industry. The time to invest in our future workforce is now.”
- “Innovators Quest is an important initiative that will provide students with early knowledge about the variety of opportunities for a career in manufacturing and highlights the value of teamwork, collaboration and communication in the production environment,” said American Honda Motor Co. Executive Vice President Bob Nelson. “We’re proud to continue our partnership with the Manufacturing Institute to build that future workforce.”
Learn more: Learn more about Innovators Quest and how your company can sponsor a kit to build manufacturing career awareness in your community. To secure a sponsorship before the 2025–2026 school year begins, contact [email protected].
Lawmakers on Taxes, CHIPS, Trade and Workforce
A day after President Donald Trump’s first address to Congress in his second term, the industry remains on edge amid the growing uncertainty of what’s being called a trade war by some in Washington.
What Congress is saying: We’re starting to see public comments from members of Congress on various topics in the president’s speech on Tuesday. Here’s what they’re saying.
Tax reform: House Ways and Means Committee Chairman Jason Smith (R-MO) committed yesterday to delivering a comprehensive tax bill to President Trump by Memorial Day, according to MarketWatch. Echoing NAM President and CEO Jay Timmons’ repeated calls for a swift tax deal, Chairman Smith emphasized the urgency of providing certainty to small businesses and working families, stating, “Failure is not an option.”
- “[W]e have to move this one big, beautiful bill as quickly as possible,” he said.
- In recent weeks, Timmons has leveraged the NAM’s public platform extensively—including through the NAM State of Manufacturing Address, television and radio interviews across the country, social media and op-eds in Ohio and Florida—to press Congress to act now and make the 2017 tax reforms permanent.
CHIPS: New Sen. Jon Husted (R-OH), the former lieutenant governor of the state, expressed support for the CHIPS and Science Act, emphasizing its bipartisan backing and importance of national security. “For the economic and national security of America, we need to make chips in the USA—I believe this is part of an America First agenda,” he wrote in a statement provided to The Columbus Dispatch.
- House Speaker Mike Johnson (R-LA) indicated to Punchbowl that nothing would be discussed on the CHIPS and Science Act until the president’s FY 26 budget.
- Sen. Todd Young (R-IN) said that the president’s mention of the act in his speech was “not consistent with the extensive conversations we’ve had with the administration about the many successes and future of the CHIPS program and how it helps with our shared goal of creating a robust domestic chips supply.”
Trade and workforce: “As I’ve said, tariffs are a tool in the toolbox, but they must be strategic and support American jobs—not create uncertainty that undercuts our domestic manufacturing,” Rep. Debbie Dingell (R-MI) told the Detroit Free Press. “The domestic auto industry currently relies on an integrated North American supply chain, and our trade policies need to reflect that.”
- Sen. Thom Tillis (R-NC) zeroed in on implementation of any tariffs. “If you’re talking about tariffs that are going to be inflationary, causing all kinds of retaliation and disrupting the markets, I’m almost certainly against them,” he said in an interview with CQ Roll Call. “However, if you’re talking about tariffs that are used surgically … to be used judiciously and to build the economy, then I’m all for it.”
- For Sen. Kevin Cramer (R-ND), according to The Wall Street Journal (subscription), “It comes down to how long [the tariffs] would last.” He said you “can’t simply turn on and off an inflationary switch” or flip a switch to build manufacturing facilities in the U.S., “or even harder yet, get the workforce to fill those jobs that would be created, particularly at the same time as you’re shirking immigration.”
Big picture: “Manufacturers are already planning for 2026, and they need the certainty to invest and grow now. We’re seeing bipartisan interest in these priorities, and the NAM is building consensus to achieve exactly that and have even stronger champions for manufacturers in Congress to reinforce what we need to compete and win,” said NAM Executive Vice President Erin Streeter.
Women MAKE Awards to Honor Outstanding Women in Manufacturing
The Manufacturing Institute—the workforce development and education affiliate of the NAM—has announced the recipients of the 2025 Women MAKE Awards, honoring some of the most impressive and inspiring women in the manufacturing industry today.
The awards, which will take place in Washington, D.C., on April 24, will highlight 130 individuals who have demonstrated excellence and leadership in their careers across all levels of the manufacturing industry.
The challenge: The manufacturing industry faces a significant talent gap—with more than 400,000 job openings and an estimated 3.8 million positions needing to be filled by 2033.
- Women make up about half of the U.S. labor force, but less than one-third of the manufacturing workforce. Boosting the numbers of women who choose a career in modern manufacturing is essential to closing this gap—and the honorees of the Women MAKE Awards are leading the way.
The initiative: The MI’s Women MAKE America Initiative strengthens the modern manufacturing workforce by elevating and highlighting the women leading the industry at every level—from the shop floor to the C-suite—in order to inspire the next generation and help close the talent gap in the industry.
The awards: Each year, 100 Honorees and 30 Emerging Leaders are chosen from the thousands of nominations submitted to the MI by their peers for making significant contributions to their companies, communities and efforts to cultivate the next generation of skilled talent. Since its inception, the Women MAKE Awards have recognized about 1,700 outstanding individuals.
The MI says: “Every year, more women are finding opportunity and breaking barriers in manufacturing,” said MI President and Executive Director Carolyn Lee. “By elevating these outstanding women for their success, we are showing young women—and everyone else—that manufacturing is a rewarding industry with unlimited potential.”
- “At a time when there is such high demand for talent in our sector, these extraordinary women demonstrate the impactful careers that are available. By elevating role models who are paying it forward, the Women MAKE Awards strengthen the future of the industry by inspiring the next generation.”
Manufacturing leaders say: “With hundreds of thousands of open jobs in manufacturing, it has never been more critical to attract and retain top talent,” said Toyota Senior Vice President of Electric Vehicle Supply Susan Elkington.
- “This year’s Women MAKE Honorees and Emerging Leaders are breaking barriers, leading with innovation and proving there is no limit to what they can achieve in our industry. By amplifying their stories and accomplishments, we inspire others to step into manufacturing and shape its future.”
Learn more: Read about the awardees and learn more about the awards gala.