Wanted: 364,000 workers

Watchmaking in Detroit. Photo: Eff Kowalsky / AFP / Getty

Companies that have been critically short of skilled workers must themselves move to establish training programs to fill the jobs, says Jay Timmons, head of the National Association of Manufacturers.

Quick take: With unemployment at a decades-long low of 4.1% and drifting lower, American manufacturers currently have some 364,000 vacancies, and will need to fill some 3.5 million jobs by 2025, Timmons tells Axios. But 2 million of them may go unfilled because of the country's chronic skills shortage.