Below, the workforce participation rate in US economy 2021, trending. This is not the unemployment number. We are not seeing much about this mentioned in other media channels. Areas that are shaded refer to recessionary periods in the US economy.
Manufacturers we speak with have concerns about applying greater focus on material spend management (MCOGs), a clearer path to project ROI for any capex and manufacturing projects and, better understanding of EMS manufacturer internal costs vs EMS pricing quoted to OEM customers and prospects. U.S. Bureau of Labor Statistics, Labor Force Participation Rate [CIVPART], retrieved from FRED, Federal Reserve Bank of St. Louis, here.
U.S. Bureau of Labor Statistics, Labor Force Participation Rate (1948 – March 2021)
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