Blog – Labor and Employment Market – United States 1. Issues with supply chain - https://www.reuters.com/world/us/us-job-growth-far-below-expectations-april-amid-labor-shortages-2021-05-07/ 2. Skills gaps - https://www.burning-glass.com/research-project/skills-gap-different-skills-different-gaps/ 3. Job Quality - https://www.aspeninstitute.org/publications/to-build-back-better-job-quality-is-the-key/ 4. FDI - https://www.kearney.com/foreign-direct-investment-confidence-index 5. Welding - https://rockthetrades.com/theres-a-big-welder-shortage-coming-get-your-job-locked-in-now/ 6. Supply chain - https://www.machinedesign.com/news/article/21163078/supply-issues-weigh-down-manufacturing-growth 7. States employment = https://wallethub.com/edu/states-unemployment-rates/7490 8. Labor shortage - https://www.epi.org/blog/u-s-labor-shortage-unlikely-heres-why/ 9. GDP https://wallethub.com/edu/cities-with-the-most-least-diversified-economies/10852 10. PMI - https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/april/

1. Labour Market –
United States
Paul Young CPA CGA
Month
April 2021

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Treasury and Cash Flow Management
• SME – Supply Chain
Contact information:
Paul_Young_CGA@Hotmail.com

3. 3
Agenda
• United States – Net New Jobs – March 2021
• United States – Employment – March 2021 (BMO Economics)
• Urban Areas / United States
• Social and Economic Issues
• Middle Class
• Tax Changes / United States

4. 4
Net New Jobs – United States – April
2021
Source - https://www.bls.gov/news.release/empsit.nr0.htm

5. 5
Goods Producing
Sector – United
States
Source - https://www.bls.gov/news.release/empsit.nr0.htm

6. USA vs Canada Employment
Canada

7. 7
USA Employment – Urban Areas
Source - https://www.bls.gov/news.release/empsit.nr0.htm

8. 8
USA Employment – Urban Areas
• Source - https://www.bls.gov/news.release/empsit.nr0.htm

9. 9
Job Quality
Source - https://www.wsws.org/en/articles/2021/04/03/jobs-a03.html

10. 10
Middle Class
Source - https://www.bloomberg.com/features/2021-emerging-markets-middle-
class/?utm_source=twitter&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-
business&utm_content=business&utm_medium=social

11. 11
Tax Policy Changes / United States
• Corporate tax being raised to one of the highest rates within the OECD -
https://www.natlawreview.com/article/made-america-tax-plan-biden-administration-outlines-its-tax-reform-
proposals
• Tax changes - https://www.investors.com/etfs-and-funds/personal-finance/bidens-tax-plan-latest-likely-
changes-cope/
• Closing loopholes and tax havens - https://www.nbcnews.com/business/economy/biden-s-plan-overhaul-
tax-code-would-close-offshore-tax-n1263372
• BEPS / United States -https://ibm.box.com/s/xrfyxhb28iulofxr9mqfzirvaw0hovz2
• Tech/Bio - https://www.bnnbloomberg.ca/biden-tax-plan-seen-hitting-technology-pharmaceutical-
companies-1.1586511
• Middle class - https://www.nationalreview.com/2021/04/biden-plan-will-raise-taxes-on-the-middle-
class/

12. 12
Summary
• United States continues to face uneven economic growth due to many factors -
https://canada.constructconnect.com/joc/news/economic/2021/04/4-graphs-
that-capture-u-s-and-canadian-gdp-growth or IMF -
https://www.cnbc.com/2021/04/06/imf-world-economic-outlook-april-2021-
global-gdp-to-hit-6percent.html
• There are concerns with USA stimulus as the USA economy is growing -
https://www.pgpf.org/blog/2021/03/what-to-know-about-all-three-rounds-of-
coronavirus-stimulus-checks
• Infrastructure plan does little to fix the infrastructure gap -
https://www.slideshare.net/paulyoungcga/infrastructure-analysis-the-united-
states

13. Other
Sources
• If you like to learn
more about trade
and/or other
subjects as part of
your professional
learning and
development, then
feel free to review
my material on
https://www.udemy.
com/ (search Paul
Young CPA CGA