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EMPLOYMENT
AND LABOR
MARKET –
UNITED
STATES –
MARCH 2022
Paul Young CPA CGA
April 2, 2022
PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
AGENDA
• BMO / Employment
• Net new jobs – United States
• August/21 vs Dec/21 Employment
• USA Metro areas
• Job Vacancies
PRESENTATION TITLE 2/11/20XX 3
USA VS CANADA EMPLOYMENT Cdn Jobs Silver
Lining in Reopening Playbook.pdf
BMO - USA
Employment - 202203.pdf
NET NEW JOBS – UNITED STATES
Source - https://www.bls.gov/news.release/empsit.nr0.htm#
PRESENTATION TITLE 2/11/20XX 5
TOTAL USA
EMPLOYMENT
Source - https://www.bls.gov/news.release/empsit.nr0.htm#
USA METRO AREA
Source - https://www.bls.gov/news.release/metro.nr0.htm
PRESENTATION TITLE 2/11/20XX 7
Metro - USA -
Employment.pdf
JOB
VACANCIE
S
PRESENTATION TITLE 2/11/20XX 8
Source – USA government
USA Job
Vacancies.pdf
BLOG –
MANUFACTURING
PRESENTATION TITLE 2/11/20XX 9
Blog – Top 7 trends for Manufacturing for 2022 - https://www.linkedin.com/posts/paul-young-055632b_top-7-manufacturing-trends-
for-2022-activity-6913100677200130049-aUiH?utm_source=linkedin_share&utm_medium=member_desktop_web
1. Onshoring
2. A Shift from B2B to B2C
3. Additive Manufacturing
4. Cybersecurity
5. Smart factories
6. ESG initiatives
7. Talent acquisition
https://www.thomasnet.com/insights/top-7-manufacturing-trends-for-2022/?ecms_id=be52c10e-4a96-49ec-92e8-
3fe6cea78bda&ecms_short=ART6835&doc_type=ted_article&sponsored=&acct=&parent_id=357a9397-5b6e-4a4b-92e1-
9b9c901450e4&utm_content=featuredstory&position=1&linktype=title&channel=email&campaign_type=thomas_industry_update&ca
mpaign_name=tiu220325&utm_campaign=tiu220325&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
My links
USA - https://www.slideshare.net/paulyoungcga/united-states-manufacturing-sector-continues-to-face-many-challenges
Canada - https://www.slideshare.net/paulyoungcga/canada-what-is-next-for-manufacturing-february-2022-and-january-2022
SUMMARY
1. USA gain over 431K net new jobs. The problem is key sectors that drive GDP growth have lagged in job
growth, especially Information technology
2. USA continues to face high energy prices due to supply issues. The USA government has not budge on
expanding domestic production of LNG and Oil
3. More and more organizations are implementing more business automation processes as part of optimizing
their operations.
4. Government continues to lag when it comes to digital adoption
5. USA manufacturing sector continues to look at ways to automate more of their operations
PRESENTATION TITLE 2/11/20XX 10
Blog – Employment and Labor Market – USA – March 2022
BMO - USA
Employment - 202203.pdf
USA Job
Vacancies.pdf
U.S. Jobs Numbers
Who’s Hiring in America—and Who’s Not.pdf
US employment and
wages are rising briskly amid strong labor demand PIIE.pdf
US ISM
Manufacturing PMI falls to 57.1 in March versus 59.0 expected.pdf
Container shipping
US East Coast port congestion hindering trans-Atlantic trade.pdf
Biden pulls out
1950's regulation for battery supply chain - electrive.com.pdf
Automation Is
Making Onshoring Cool Again « Fabbaloo.pdf
Why The Rise Of The
Digital Economy Underscores The Need To Close The IT Gap.pdf
Are stagflation and
recession on the horizon for G7 economies FocusEconomics_USA.pdf
Housing Market
Faces a World of Pain - News Nation USA.pdf
3 ways a student loan
program has failed low-income borrowers NPR.pdf
Here's where the
jobs are for March 2022 — in one chart.pdf
Top 8 industries
actively hiring Glassdoor Blog.pdf
Locus Robotics
Unveils New Warehouse Automation Robots – IoT World Today.pdf
US mulls Cold
War-era defense law to boost critical minerals production.pdf
Summary:
24% of the new jobs are with professional and business services sector. This sector requires years of
education and certifications.
26% of the jobs are with leisure and hospitality sector. This sector tends to pay less than the average
wage
Businesses continue to look at ways to automate their operations
More and more organizations are moving to a digital model. The adoption appears to be slowing down
due to skill gap issues.
Biden has invoked a law from 1950s as part of building a critical metal supply
USA states are struggling to develop their natural resources in a sustainable way!

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Employment and Labour Market - United States - March 2022.pptx

  • 1. EMPLOYMENT AND LABOR MARKET – UNITED STATES – MARCH 2022 Paul Young CPA CGA April 2, 2022
  • 2. PAUL YOUNG - BIO • CPA, CGA • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@hotmail.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga Twitter: https://twitter.com/paulyoungcpa Youtube - https://www.youtube.com/user/youngercga1968/videos
  • 3. AGENDA • BMO / Employment • Net new jobs – United States • August/21 vs Dec/21 Employment • USA Metro areas • Job Vacancies PRESENTATION TITLE 2/11/20XX 3
  • 4. USA VS CANADA EMPLOYMENT Cdn Jobs Silver Lining in Reopening Playbook.pdf BMO - USA Employment - 202203.pdf
  • 5. NET NEW JOBS – UNITED STATES Source - https://www.bls.gov/news.release/empsit.nr0.htm# PRESENTATION TITLE 2/11/20XX 5
  • 6. TOTAL USA EMPLOYMENT Source - https://www.bls.gov/news.release/empsit.nr0.htm#
  • 7. USA METRO AREA Source - https://www.bls.gov/news.release/metro.nr0.htm PRESENTATION TITLE 2/11/20XX 7 Metro - USA - Employment.pdf
  • 8. JOB VACANCIE S PRESENTATION TITLE 2/11/20XX 8 Source – USA government USA Job Vacancies.pdf
  • 9. BLOG – MANUFACTURING PRESENTATION TITLE 2/11/20XX 9 Blog – Top 7 trends for Manufacturing for 2022 - https://www.linkedin.com/posts/paul-young-055632b_top-7-manufacturing-trends- for-2022-activity-6913100677200130049-aUiH?utm_source=linkedin_share&utm_medium=member_desktop_web 1. Onshoring 2. A Shift from B2B to B2C 3. Additive Manufacturing 4. Cybersecurity 5. Smart factories 6. ESG initiatives 7. Talent acquisition https://www.thomasnet.com/insights/top-7-manufacturing-trends-for-2022/?ecms_id=be52c10e-4a96-49ec-92e8- 3fe6cea78bda&ecms_short=ART6835&doc_type=ted_article&sponsored=&acct=&parent_id=357a9397-5b6e-4a4b-92e1- 9b9c901450e4&utm_content=featuredstory&position=1&linktype=title&channel=email&campaign_type=thomas_industry_update&ca mpaign_name=tiu220325&utm_campaign=tiu220325&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045 My links USA - https://www.slideshare.net/paulyoungcga/united-states-manufacturing-sector-continues-to-face-many-challenges Canada - https://www.slideshare.net/paulyoungcga/canada-what-is-next-for-manufacturing-february-2022-and-january-2022
  • 10. SUMMARY 1. USA gain over 431K net new jobs. The problem is key sectors that drive GDP growth have lagged in job growth, especially Information technology 2. USA continues to face high energy prices due to supply issues. The USA government has not budge on expanding domestic production of LNG and Oil 3. More and more organizations are implementing more business automation processes as part of optimizing their operations. 4. Government continues to lag when it comes to digital adoption 5. USA manufacturing sector continues to look at ways to automate more of their operations PRESENTATION TITLE 2/11/20XX 10 Blog – Employment and Labor Market – USA – March 2022 BMO - USA Employment - 202203.pdf USA Job Vacancies.pdf U.S. Jobs Numbers Who’s Hiring in America—and Who’s Not.pdf US employment and wages are rising briskly amid strong labor demand PIIE.pdf US ISM Manufacturing PMI falls to 57.1 in March versus 59.0 expected.pdf Container shipping US East Coast port congestion hindering trans-Atlantic trade.pdf Biden pulls out 1950's regulation for battery supply chain - electrive.com.pdf Automation Is Making Onshoring Cool Again « Fabbaloo.pdf Why The Rise Of The Digital Economy Underscores The Need To Close The IT Gap.pdf Are stagflation and recession on the horizon for G7 economies FocusEconomics_USA.pdf Housing Market Faces a World of Pain - News Nation USA.pdf 3 ways a student loan program has failed low-income borrowers NPR.pdf Here's where the jobs are for March 2022 — in one chart.pdf Top 8 industries actively hiring Glassdoor Blog.pdf Locus Robotics Unveils New Warehouse Automation Robots – IoT World Today.pdf US mulls Cold War-era defense law to boost critical minerals production.pdf Summary: 24% of the new jobs are with professional and business services sector. This sector requires years of education and certifications. 26% of the jobs are with leisure and hospitality sector. This sector tends to pay less than the average wage Businesses continue to look at ways to automate their operations More and more organizations are moving to a digital model. The adoption appears to be slowing down due to skill gap issues. Biden has invoked a law from 1950s as part of building a critical metal supply USA states are struggling to develop their natural resources in a sustainable way!

Editor's Notes

  1. https://economics.bmo.com/en/publications/detail/68af019a-9999-4ca1-bdba-25f9d1408f37/