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UTSA receives $500,000 US Economic Development Administration grant to build secure manufacturing hub in South Texas

(San Antonio, October 26, 2023) — The Cybersecurity Manufacturing Innovation Institute (CyManII) at The University of Texas at San Antonio (UTSA)…

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(San Antonio, October 26, 2023) — The Cybersecurity Manufacturing Innovation Institute (CyManII) at The University of Texas at San Antonio (UTSA) has been selected by the U.S. Economic Development Administration (EDA) to establish an ecosystem that will promote secure manufacturing strategies across South Texas. The Secure Manufacturing in South Texas Strategy Development Consortium, funded by a $500,000 Tech Hubs Strategy Development Grant, will enable CyManII to take initial steps to develop a Secure Manufacturing Tech Hub that will mature technologies, enhance business competitiveness and grow a skilled workforce in the region.

Credit: Photo courtesy of The University of Texas at San Antonio

(San Antonio, October 26, 2023) — The Cybersecurity Manufacturing Innovation Institute (CyManII) at The University of Texas at San Antonio (UTSA) has been selected by the U.S. Economic Development Administration (EDA) to establish an ecosystem that will promote secure manufacturing strategies across South Texas. The Secure Manufacturing in South Texas Strategy Development Consortium, funded by a $500,000 Tech Hubs Strategy Development Grant, will enable CyManII to take initial steps to develop a Secure Manufacturing Tech Hub that will mature technologies, enhance business competitiveness and grow a skilled workforce in the region.

The federal government’s new Tech Hubs program, authorized by the bipartisan CHIPS and Science Act, is an economic development initiative designed to drive regional innovation and job creation. It strengthens a region’s capacity to manufacture, commercialize and deploy technology that will advance American competitiveness by investing directly in burgeoning, high-potential U.S. regions and transforming them into globally competitive innovation centers. Designation is an endorsement of a region’s plans to supercharge its respective technological industries to create jobs, strengthen U.S. competitiveness and protect national security.

The outcomes of this initial 18-month project will make UTSA and its partners more competitive for future Tech Hubs funding opportunities.

“Anchored by UTSA, San Antonio is home to a robust cybersecurity ecosystem and has a leading role to play in helping United States manufacturers compete with the rest of the world,” said JoAnn Browning, UTSA vice president for research, economic development, and the knowledge enterprise. “CyManII’s new consortium will pave the way for high-paying, high-demand jobs, enhance our nation’s competitiveness, and identify industrial security solutions that can be replicated across the nation to strengthen and protect American manufacturers.”

Each year, over $250 billion in U.S. research helps drive forward innovations relevant to advanced manufacturing, according to the National Center for Science and Engineering Statistics. However, small and medium-sized manufacturers struggle to participate in this increasingly digital economy. While the initial barriers to digitalize their processes have decreased due to more affordable and readily available Internet of Things (IoT) solutions, small businesses often miss out on opportunities to save on energy costs or secure new business through smart contracting requirements.

At the same time, approaches to industrial cybersecurity today are often reactionary and rely on bolt-on solutions for added protection. The ease of digitalization through affordable off-the-shelf IoT allows manufacturers to connect their businesses quickly and sometime haphazardly without considering the cybersecurity risks they may be introducing to their own businesses and even to their customers.

“Cybersecurity among our increasingly connected manufacturing ecosystem is a matter of national security since weaknesses and digital vulnerabilities among advanced manufacturers can quickly become a threat to entire supply chains,” said Howard Grimes, CEO of CyManII. “To remain globally competitive, Texas manufacturers need accessible cybersecurity technologies at scale.”

Currently, researchers are developing new approaches for embedded security that offer inherent protections against cyber threats. However, many of these innovations remain in development stages in a lab setting or one-of-a-kind demonstrations. In San Antonio, for example, groundbreaking approaches to ensuring cybersecurity of automated production systems are underway at CyManII. Although companies have shown interest in these innovations, significant efforts are needed to translate these innovations from bespoke code, processes and models into ready-to-use tools that can be easily accessed and deployed by average manufacturing enterprises. Further, many of these concepts and computational methods are novel and require a workforce with custom knowledge to build and deploy the technology.

The Secure Manufacturing Consortium aims to conduct development activities over an 18-month period that will prepare the region for success. CyManII will use its EDA funding to establish a consortium extending from the San Antonio – New Braunfels MSA to rural and underserved communities including Fredericksburg, Kerrville, Pearsall and Uvalde, Texas. The consortium will hire a regional innovation officer, develop an innovation roadmap to inform the Tech Hub design and grow its member-base.

The consortium’s new regional innovation officer will lead all development activities of the Tech Hub and ensure alignment with regional research, workforce and economic development priorities. Key responsibilities will include developing and engaging mission-critical relationships in the South Texas region, coordinating with research pipelines and end-users to facilitate technology transfer, and working with local and state government to align and co-fund workforce development efforts and inform business-friendly policies and incentives.

Additionally, this new hire will lead the creation of a roadmap to inform the Tech Hub implementation strategy. This roadmap will consider market data to determine regional needs and capabilities. It will assemble detailed workforce data, job data and market surveys to understand barriers to underserved populations participating in the secure manufacturing workforce. Additionally, it will include a Tech Hub development plan, a projection for job creation and economic impact, an intellectual property policy management plan, a climate risk plan and an equity plan.

CyManII will also strengthen engagement of and collaboration among regional stakeholders to support start-ups and tech transfer activities. This outreach will establish broader commitment from the State and regional government authorities by working with other UTSA offices.

“UTSA’s pioneering education, research, and community engagement programs in cyberspace and defense play a vital role in bringing jobs to South Texas and making San Antonio a center of innovation,” said Congressman Joaquin Castro (TX-20). “This foundational work to develop a Tech Hubs program in our region will drive important new investments in our workforce and strengthen America’s position as a global manufacturing leader. At the same time, it will catalyze economic growth through tech jobs that focus on cybersecurity, coding, engineering, secure manufacturing, and software integration.”

U.S. Congressman Henry Cuellar (TX-28) added, “The impact of the Tech Hubs Strategy Development Grant cannot be overstated. The Secure Manufacturing in South Texas Strategy Development Consortium will help transform South Texas into a new cybersecurity and technology manufacturing hub within the United States.”

The South Texas region is primed to become a global leader in cybersecurity technologies for advanced manufacturing and industrial systems. UTSA is the only Hispanic Serving Institution in the nation with three Center of Excellence designations from the U.S. Department of Defense (DoD) and National Security Agency. Likewise, the presence of the defense industry, strong research capacity, large manufacturing footprint and a ready workforce create an opportunistic nexus that is not replicated anywhere else. Additionally, the region has an extensive workforce development network in place to support the cybersecurity job pipeline, ranging from K-12 to Ph.D.

CyManII has leveraged this infrastructure (over 20 partner programs) to create focused curricula around industrial cybersecurity. In addition, consortium members and partners have numerous programs that already support cybersecurity and advanced manufacturing job pathways including the Cyber-Texas Foundation, Texas Federation for Advanced Manufacturing Education, The Texas Manufacturing Assistance Center and the Bexar County Military and Veterans Service Center. 

CyManII was established under the U.S. Department of Energy in 2020 to combat vulnerabilities and drive fundamentally new innovations in industrial security. As a Manufacturing Innovation Institute with a focus on TRL 2-6 research, CyManII aims to enhance industrial competitiveness of U.S. manufacturers by informing technologies that enable secure digitalization. Supported with $70 million in federal investments, $42 million in cost-share from university and industry partners and $2.4 million in Texas state investments, CyManII and its partners have established the nation’s expertise in applied industrial security.

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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March 9, 2024

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Mortgage rates fall as labor market normalizes

Jobless claims show an expanding economy. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

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March 8, 2024

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Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%. For now, we can say the labor market isn’t tight anymore, but it’s also not breaking.

The key labor data line in this expansion is the weekly jobless claims report. Jobless claims show an expanding economy that has not lost jobs yet. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. The four-week moving average declined slightly by 750, to 212,250


Below is an explanation of how we got here with the labor market, which all started during COVID-19.

1. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. 9, 2020. By that time, the upfront recovery phase was done, and I needed to model out when we would get the jobs lost back.

2. Early in the labor market recovery, when we saw weaker job reports, I doubled and tripled down on my assertion that job openings would get to 10 million in this recovery. Job openings rose as high as to 12 million and are currently over 9 million. Even with the massive miss on a job report in May 2021, I didn’t waver.

Currently, the jobs openings, quit percentage and hires data are below pre-COVID-19 levels, which means the labor market isn’t as tight as it once was, and this is why the employment cost index has been slowing data to move along the quits percentage.  

2-US_Job_Quits_Rate-1-2

3. I wrote that we should get back all the jobs lost to COVID-19 by September of 2022. At the time this would be a speedy labor market recovery, and it happened on schedule, too

Total employment data

4. This is the key one for right now: If COVID-19 hadn’t happened, we would have between 157 million and 159 million jobs today, which would have been in line with the job growth rate in February 2020. Today, we are at 157,808,000. This is important because job growth should be cooling down now. We are more in line with where the labor market should be when averaging 140K-165K monthly. So for now, the fact that we aren’t trending between 140K-165K means we still have a bit more recovery kick left before we get down to those levels. 




From BLS: Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing.

Here are the jobs that were created and lost in the previous month:

IMG_5092

In this jobs report, the unemployment rate for education levels looks like this:

  • Less than a high school diploma: 6.1%
  • High school graduate and no college: 4.2%
  • Some college or associate degree: 3.1%
  • Bachelor’s degree or higher: 2.2%
IMG_5093_320f22

Today’s report has continued the trend of the labor data beating my expectations, only because I am looking for the jobs data to slow down to a level of 140K-165K, which hasn’t happened yet. I wouldn’t categorize the labor market as being tight anymore because of the quits ratio and the hires data in the job openings report. This also shows itself in the employment cost index as well. These are key data lines for the Fed and the reason we are going to see three rate cuts this year.

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Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Last month we though that the January…

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March 8, 2024

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Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Last month we though that the January jobs report was the "most ridiculous in recent history" but, boy, were we wrong because this morning the Biden department of goalseeked propaganda (aka BLS) published the February jobs report, and holy crap was that something else. Even Goebbels would blush. 

What happened? Let's take a closer look.

On the surface, it was (almost) another blockbuster jobs report, certainly one which nobody expected, or rather just one bank out of 76 expected. Starting at the top, the BLS reported that in February the US unexpectedly added 275K jobs, with just one research analyst (from Dai-Ichi Research) expecting a higher number.

Some context: after last month's record 4-sigma beat, today's print was "only" 3 sigma higher than estimates. Needless to say, two multiple sigma beats in a row used to only happen in the USSR... and now in the US, apparently.

Before we go any further, a quick note on what last month we said was "the most ridiculous jobs report in recent history": it appears the BLS read our comments and decided to stop beclowing itself. It did that by slashing last month's ridiculous print by over a third, and revising what was originally reported as a massive 353K beat to just 229K,  a 124K revision, which was the biggest one-month negative revision in two years!

Of course, that does not mean that this month's jobs print won't be revised lower: it will be, and not just that month but every other month until the November election because that's the only tool left in the Biden admin's box: pretend the economic and jobs are strong, then revise them sharply lower the next month, something we pointed out first last summer and which has not failed to disappoint once.

To be fair, not every aspect of the jobs report was stellar (after all, the BLS had to give it some vague credibility). Take the unemployment rate, after flatlining between 3.4% and 3.8% for two years - and thus denying expectations from Sahm's Rule that a recession may have already started - in February the unemployment rate unexpectedly jumped to 3.9%, the highest since February 2022 (with Black unemployment spiking by 0.3% to 5.6%, an indicator which the Biden admin will quickly slam as widespread economic racism or something).

And then there were average hourly earnings, which after surging 0.6% MoM in January (since revised to 0.5%) and spooking markets that wage growth is so hot, the Fed will have no choice but to delay cuts, in February the number tumbled to just 0.1%, the lowest in two years...

... for one simple reason: last month's average wage surge had nothing to do with actual wages, and everything to do with the BLS estimate of hours worked (which is the denominator in the average wage calculation) which last month tumbled to just 34.1 (we were led to believe) the lowest since the covid pandemic...

... but has since been revised higher while the February print rose even more, to 34.3, hence why the latest average wage data was once again a product not of wages going up, but of how long Americans worked in any weekly period, in this case higher from 34.1 to 34.3, an increase which has a major impact on the average calculation.

While the above data points were examples of some latent weakness in the latest report, perhaps meant to give it a sheen of veracity, it was everything else in the report that was a problem starting with the BLS's latest choice of seasonal adjustments (after last month's wholesale revision), which have gone from merely laughable to full clownshow, as the following comparison between the monthly change in BLS and ADP payrolls shows. The trend is clear: the Biden admin numbers are now clearly rising even as the impartial ADP (which directly logs employment numbers at the company level and is far more accurate), shows an accelerating slowdown.

But it's more than just the Biden admin hanging its "success" on seasonal adjustments: when one digs deeper inside the jobs report, all sorts of ugly things emerge... such as the growing unprecedented divergence between the Establishment (payrolls) survey and much more accurate Household (actual employment) survey. To wit, while in January the BLS claims 275K payrolls were added, the Household survey found that the number of actually employed workers dropped for the third straight month (and 4 in the past 5), this time by 184K (from 161.152K to 160.968K).

This means that while the Payrolls series hits new all time highs every month since December 2020 (when according to the BLS the US had its last month of payrolls losses), the level of Employment has not budged in the past year. Worse, as shown in the chart below, such a gaping divergence has opened between the two series in the past 4 years, that the number of Employed workers would need to soar by 9 million (!) to catch up to what Payrolls claims is the employment situation.

There's more: shifting from a quantitative to a qualitative assessment, reveals just how ugly the composition of "new jobs" has been. Consider this: the BLS reports that in February 2024, the US had 132.9 million full-time jobs and 27.9 million part-time jobs. Well, that's great... until you look back one year and find that in February 2023 the US had 133.2 million full-time jobs, or more than it does one year later! And yes, all the job growth since then has been in part-time jobs, which have increased by 921K since February 2023 (from 27.020 million to 27.941 million).

Here is a summary of the labor composition in the past year: all the new jobs have been part-time jobs!

But wait there's even more, because now that the primary season is over and we enter the heart of election season and political talking points will be thrown around left and right, especially in the context of the immigration crisis created intentionally by the Biden administration which is hoping to import millions of new Democratic voters (maybe the US can hold the presidential election in Honduras or Guatemala, after all it is their citizens that will be illegally casting the key votes in November), what we find is that in February, the number of native-born workers tumbled again, sliding by a massive 560K to just 129.807 million. Add to this the December data, and we get a near-record 2.4 million plunge in native-born workers in just the past 3 months (only the covid crash was worse)!

The offset? A record 1.2 million foreign-born (read immigrants, both legal and illegal but mostly illegal) workers added in February!

Said otherwise, not only has all job creation in the past 6 years has been exclusively for foreign-born workers...

Source: St Louis Fed FRED Native Born and Foreign Born

... but there has been zero job-creation for native born workers since June 2018!

This is a huge issue - especially at a time of an illegal alien flood at the southwest border...

... and is about to become a huge political scandal, because once the inevitable recession finally hits, there will be millions of furious unemployed Americans demanding a more accurate explanation for what happened - i.e., the illegal immigration floodgates that were opened by the Biden admin.

Which is also why Biden's handlers will do everything in their power to insure there is no official recession before November... and why after the election is over, all economic hell will finally break loose. Until then, however, expect the jobs numbers to get even more ridiculous.

Tyler Durden Fri, 03/08/2024 - 13:30

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