Unemployment

Report: Foxconn recruiting Chinese workers for Wisconsin plant

U.S. President Donald Trump, Wisconsin Gov. Scott Walker, Foxconn CEO Terry Gou at the groundbreaking for the Foxconn Technology Group plant in Mt Pleasant, Wisconsin
Wisconsin Governor Scott Walker, President Trump, and Foxconn CEO Terry Gou at the groundbreaking for the Foxconn factory in Wisconsin earlier this year. Photo: Andy Manis via Getty Images.

Foxconn Technology is reportedly interested in tapping engineers in China to work at the plant under construction in Wisconsin, per the Wall Street Journal, because the company is struggling to find workers amid 49-year low unemployment.

The big picture: It's unclear how many workers the company is planning to transfer from China and Foxconn told the Wall Street Journal that its hiring plans in Wisconsin remain unchanged. Wisconsin Governor Scott Walker, who is in a tight race for re-election, cheered the heavily subsidized plant as a way to create 13,000 jobs in his state. It's since faced a ton of controversy, namely that the incentives given to Foxconn won't be as rewarding to Wisconsin as promised.

Millennial men are working less than they were pre-recession

Two people in suits flip through job offerings at career fair.
Photo: John Moore/Getty Images

Men between the ages of 25-34 are participating in the job market — that is, working or looking for a job — at lower rates than they were prior to the 2008 financial crisis (86.8% then vs. 86.1% now), according to the Bureau of Labor and Statistics, despite recent wage growth and lower unemployment.

The bottom line: 500,000 more men would currently be working or looking for employment if their participation was at pre-2008 levels, Bloomberg reports.

More stories loading.