US Secretary of Commerce Gina Raimondo speaks during a press conference at the White House in Washington, USA, on April 7, 2021. REUTERS / Kevin Lamarque
US Commerce Secretary Gina Raimondo said Friday the semiconductor shortage was a factor in April’s job report that showed hiring had slowed unexpectedly.
The Bureau of Labor Statistics said the auto sector cut 27,000 jobs in April as automakers were forced to cancel production shifts and vacation workers due to the shortage of chips.
“We are working very hard to get the president’s plan to pass in Congress to fund a semiconductor fund. The fact is, we have to get back into making more chips in America. And the problems in the supply chain are very real,” Raimondo said to MSNBC.
Our standards: The Thomson Reuters Trust Principles.
