Author: Herb Brewer

Changes in US employment lead to higher labor productivity – Treasury Dept

A shift in U.S. employment over the past two years to higher-wage and more productive sectors, as well as longer average working hours, should lead to further increases in labor productivity, two leading Treasury Department economists said Friday. In an analysis released Friday, Assistant Secretary for Economic Policy Ben Harris and Assistant Secretary for Macroeconomics […]

The US has announced a $6 billion grant to decarbonize heavy industry

The Biden administration said Wednesday it would allocate $6 billion to accelerate plans to decarbonize energy-hungry industries like steel, aluminum and cement, which account for nearly 25% of America’s greenhouse gas emissions. The Industrial Demonstration Program will provide competitive grants to technology developers, industry, universities and others for up to 50% of the cost of […]

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