Ingalls Shipbuilding to Hire More Than 2,000 Full-time Shipbuilders
Huntington Ingalls Industries (HII) recently announced that the company’s Ingalls Shipbuilding division plans to hire more than 2,000 full-time shipbuilders as part of its future workforce plans. "The new shipbuilders will join a skilled workforce that delivers critical capabilities to HII’s national security customers, including amphibious warships, destroyers and national security cutters. Ingalls Shipbuilding is located on an 800-acre facility, having recently completed a state-of-the-art upgrade that includes covered workspaces to keep shipbuilders dry and cool," HII said.
“With a shipbuilding legacy of nearly 84 years, Ingalls offers careers dedicated to a service mission — building ships that protect and defend our freedoms,” Ingalls Shipbuilding President Kari Wilkinson said. “We are excited to be adding new members to our team and to be providing a variety of stable career opportunities to our community.”
Biden Administration Offshore Drilling Proposal Would Allow up to 11 Sales
Last Friday, President Joe Biden's administration proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat's climate promises but scaling back a Trump-era plan that called for dozens of offshore drilling opportunities including in undeveloped areas.
The proposal brought immediate backlash from both environmentalists — who accused Biden of betraying the climate cause — and oil industry officials and allies, who said it would do little to help counter high energy prices. Gasoline prices are still averaging more than $4.80 a gallon, a strain on commuters and a political albatross for Biden's fellow Democrats going into the midterm elections. That has left the White House scrambling for solutions, including Biden's recent call for suspension of the 18.4 cents a gallon federal gas tax.
Global Supply Chain Pressures Continue to Slide
Global supply chain pressures continued to decline in June but are still at historically high levels, according to the New York Fed’s Global Supply Chain Pressure Index (GSCPI). The GSCPI, first introduced in January, is published monthly and uses a range of transportation cost data and manufacturing indicators to provide a gauge of global supply chain conditions. June’s reading was 2.41, representing the standard deviation from the historical average dating back to 1997, down from 2.58 in May and all-time peak of 4.35 in December 2021.