Excerpt
JUDY WOODRUFF (NewsHour): On Friday, we’re going to get the latest snapshot from the federal government about the state of the job market. A separate payroll report issued today found private companies created almost 180,000 jobs in May, fewer than in April. The unemployment rate remains very high for those under the age of 25 — it’s in the double digits — and at higher rates for teens without degrees.
The NewsHour’s economics correspondent, Paul Solman, has a report about one program from an auto manufacturer that offers possibilities for some of those workers.
It’s part of his reporting on Making Sense of financial news.
PAUL SOLMAN (NewsHour): The BMW factory in Spartanburg, South Carolina, BMW’s only U.S. auto plant, built 20 years ago, mainly for access to the American market, it’s now the sole production facility for their popular X model line of luxury crossover SUVs, 1,200 vehicles a day.
But BMWs, and the occasional Teutonic executive, aren’t the only German imports around here. There are also apprenticeships.
WERNER EIKENBUSCH, Head of Work Force Development, Americas, BMW: I actually grew up in Germany in a little village, and my daddy and my mom were of a blue-collar background, so for them college wasn’t something that they had really envisioned for me.
PAUL SOLMAN: And so Werner Eikenbusch, BMW’s head of workforce development for the Americas, left high school in 10th grade for an apprenticeship, combining on-the-job training with vocational school.
WERNER EIKENBUSCH: This German dual system has a long history in Europe. It goes back hundreds of years, so it’s really very much embedded and it is actually a recognized, you could call it educational pathway that, for whatever reason, didn’t make it over into the U.S.
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