The new economy is not like the old economy. Once that settles in, there is an obvious strategy to pursue: overhauling our education system so it produces far more people with elite job skills. These skills often involve critical thinking and a facility with science and technology. Fields such as information technology, life sciences, cybersecurity, robotics, automation, artificial intelligence-assisted research and advanced statistical analysis are certain to grow in coming years.
The report describes the economic impact of oil and gas industry operations in their entirety in the state of California. It estimates that the industry’s direct output of more than $111 billion generates more than $148 billion in direct economic activity, contributing 2.7 percent of the state’s GDP and supporting 368,100 total jobs in 2015, or 1.6 percent of California’s employment. Additionally, the oil and gas industry generates $26.4 billion in state and local tax revenues and $28.5 billion in sales and excise taxes. Vulnerable user industries of refined petroleum products, like transportation/warehousing, manufacturing and agriculture represent 1.7 million jobs in California with an associated $111 billion in labor income and account for 8.4 percent of the state’s GDP.
Chief executives of America’s largest companies say failure to pass sweeping tax-policy changes soon could damage hiring and investment.
But they remain optimistic for now about the prospects for tax reform and deregulation under the Trump administration, said members of the Business Roundtable, who released an updated outlook Tuesday.
Freshmen and seniors at about 200 colleges across the U.S. take a little-known test every year to measure how much better they get at learning to think. The results are discouraging.
At more than half of schools, at least a third of seniors were unable to make a cohesive argument, assess the quality of evidence in a document or interpret data in a table, The Wall Street Journal found after reviewing the latest results from dozens of public colleges and universities that gave the exam between 2013 and 2016. (See full results.)
At some of the most prestigious flagship universities, test results indicate the average graduate shows little or no improvement in critical thinking over four years.
The number of U.S. job openings hit a new high in April while hiring slowed, a sign that employers are struggling to find workers.
The number of job openings rose by 259,000 to 6.04 million, the Labor Department said Tuesday, the highest level recorded since the government started tracking the figure at the end of 2000. The number of hires, meanwhile, fell by 253,000 to 5.05 million in April.