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Fox Business Host Presses Trump's Labor Secretary: How Come We're Losing Manufacturing Jobs When There's A Big Push To Bring Them To The U.S.

Fox Business Host Presses Trump's Labor Secretary: How Come We're Losing Manufacturing Jobs When There's A Big Push To Bring Them To The U.S.

Yahoo18 hours ago

Despite President Donald Trump's frequent promises to boost manufacturing in America, recent job figures show troubling declines.
In a recent Fox Business segment, host Stuart Varney pressed Labor Secretary Lori Chavez-DeRemer over the loss of 8,000 manufacturing jobs in May, asking directly, 'How come we're losing 8,000 manufacturing jobs in May when there's a big push to bring manufacturing jobs back to America?'
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Chavez-DeRemer pointed out general improvements in the economy, saying, 'We're certainly holding steady, and under the Trump administration, manufacturing jobs are still up over what the last administration, under Biden, had.' She emphasized ongoing efforts to expand the sector through construction and healthcare employment, alongside new manufacturing plants. Yet, she admitted, 'It will take some time.'
Varney challenged Chavez-DeRemer repeatedly, pointing out the contradiction between the administration's push to revive manufacturing and the actual job losses reported. Chavez-DeRemer attributed the setbacks partially to the transitional effects of Trump's tariff policies aimed at leveling the playing field internationally.
'The president has done a wonderful job in negotiating the level playing field,' Chavez-DeRemer argued. 'We're seeing tens of trillions of dollars being reinvested here in the United States, and I'll continue to focus on that skilled workforce as those manufacturing jobs continue to grow.'
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Despite Chavez-DeRemer's assurances, industry figures reflect broader concerns. According to the Bureau of Labor Statistics, employers added only 139,000 jobs overall in May, marking a noticeable slowdown. Factory managers have expressed unease about Trump's tariffs in the Institute for Supply Management's May survey, describing them as a significant burden for manufacturing businesses, with one manager noting that the current 'chaos does not bode well for anyone.'
Recent economic reports support this caution, highlighting the significant role manufacturing plays in the U.S. economy. As of late 2024, manufacturing contributed almost $3 trillion to the economy and supported millions of jobs directly and indirectly. Yet, despite these promising figures, the manufacturing sector continues to shed positions.With automation and artificial intelligence rapidly transforming the job landscape, Varney asked Chavez-DeRemer about predictions that AI could eliminate half of all entry-level white-collar jobs within five years. Chavez-DeRemer downplayed the threat, saying, 'I believe that we're going to streamline and we're going to assist the American worker. Things are changing at a rapid pace, but AI is not going anywhere.'
She added that the administration is proactively training workers for this shift, dedicating 10% of apprenticeship grants to AI training.
For now, manufacturing in the U.S. faces significant headwinds, caught between political promises, economic pressures, and a rapidly evolving workforce landscape.
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This article Fox Business Host Presses Trump's Labor Secretary: How Come We're Losing Manufacturing Jobs When There's A Big Push To Bring Them To The U.S. originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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As G7 kicks off today in Kananaskis, here's how it's expected to impact the Calgary region
As G7 kicks off today in Kananaskis, here's how it's expected to impact the Calgary region

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As G7 kicks off today in Kananaskis, here's how it's expected to impact the Calgary region

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Sometimes, the best business decision is to change businesses
Sometimes, the best business decision is to change businesses

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Sometimes, the best business decision is to change businesses

A version of this post first appeared on When you use fundamental analysis to estimate the value of a stock, you have to make a lot of projections. How quickly will the sales grow? Will profit margins expand or contract? What will the company's capital structure look like, and where will interest rates go? Where will tax rates be in the future? If the projections you put into your valuation model are off, then the value you calculate will be off. Analysts call this phenomenon "garbage in, garbage out." To demonstrate how difficult this exercise is, let's try projecting the sales for A1 Widgets Corporation, a hypothetical company that's the worldwide leader in selling indestructible widgets. Based on A1's order book, sales for widgets will grow for exactly five years. In the fifth year, everyone in the world who will ever need a widget will have one. From there, there will be no more demand for widgets, and the widget factories will close. 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Dave Ramsey Tells The Caller, 'Bump Him On The Head, Girl,' Warns Against Letting A 22-Year-Old Son Move In Without Paying What He Owes
Dave Ramsey Tells The Caller, 'Bump Him On The Head, Girl,' Warns Against Letting A 22-Year-Old Son Move In Without Paying What He Owes

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time9 minutes ago

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Dave Ramsey Tells The Caller, 'Bump Him On The Head, Girl,' Warns Against Letting A 22-Year-Old Son Move In Without Paying What He Owes

A mother recently called into 'The Ramsey Show' to get advice about her 22-year-old son, and Dave Ramsey did not hold back. Her son, who is graduating debt-free from college this month thanks to the 'sacrifice' of his parents, racked up a $700 urgent care bill after ignoring his parents' advice to use the on-campus clinic. The parents paid $500 of the bill and asked him to pay the remaining $200 to teach him some financial responsibility. But the son flat-out refused. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – The caller explained that her son planned to move back home for the summer while completing an internship. "No way. There's consequences to being a butt," Ramsey said. "He doesn't get to live there rent-free if he doesn't pay a bill because it's your responsibility when it's not." The mom said her son believes the parents should cover the entire bill since he's still on their health plan. But Ramsey and his co-host Ken Coleman weren't having it. "You're not going to move in here until you pay that bill," Ramsey continued. "I'll let you live here rent-free to get a good start, not for being an entitled brat." Coleman got especially fired up when the mom mentioned that she was planning to play the clip of the call to her son. Talking directly to him, he said, "Dude, you need a reality check. You ought to be apologizing to your parents and groveling all over yourself in gratitude for all they've done for you," he said. "You went to a place that I told you not to. You've got a $700 problem. It's not Mom and I's problem." Trending: Invest where it hurts — and help millions heal:. 'If you're big enough to get yourself in this mess, you're big enough to get yourself [out],' Ramsey added. Ramsey then pivoted to a broader message: Gratitude and humility must be taught early. "Everything when you're parenting is a muscle that must be built," he said. "Gratitude leads to and helps you as it grows inside a child. A grateful child becomes a humble child." He explained that these traits, once deeply rooted, shape adults who understand the value of personal responsibility, appreciate the support they've been given, and recognize that respect and opportunity must be earned, not expected or demanded. Such individuals are more likely to approach challenges with humility, make thoughtful financial choices, and avoid placing undue expectations on others. Read Next: Maximize saving for your retirement and cut down on taxes: . The average American couple has saved this much money for retirement —?UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Dave Ramsey Tells The Caller, 'Bump Him On The Head, Girl,' Warns Against Letting A 22-Year-Old Son Move In Without Paying What He Owes originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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