00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. manufacturers have added 72,000 jobs since December,
00:06but the new positions increasingly require college degrees
00:09or advanced technical training, according to the Wall Street Journal.
00:14Between 2015 and 2025, manufacturers eliminated 244,000 production jobs
00:20while adding 358,000 management, business, and financial operations positions,
00:26according to Labor Department data.
00:28Automation has reduced demand for traditional assembly line workers
00:32while increasing the need for engineers, analysts, and skilled technicians.
00:37Industries including aerospace, computers, electrical equipment, and cooling systems
00:42have added workers this year.
00:44The shift offers higher wages, but creates barriers for workers without advanced education.
00:49Manufacturers and workforce development organizations are expanding training programs
00:53amid concerns that a shortage of qualified workers could constrain hiring, too.
00:58For all things money, visit Benzinga.com.
