🧑🎓 US Student Aid Applicants Down. 36% Less Japanese Aerospace Workers. Nuclear Energy Powered France.
Chart of the Day #234 looks at US Student Aid, Nuclear Energy in France, and Japan's Aerospace
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Lithuania and the US have signed an agreement to support the development of nuclear energy-fueled electricity generation in the Baltic state and decoupling the Baltic power grid from Russia.
Today's Topics
🧑🎓 Student Aid. US student aid applicants dropped to 17.5M in 2021/22
⚛️ Nuclear Energy. Nuclear energy powered >60% of France’s electricity
🚀 Aerospace. Japan’s aerospace workforce declined 36% in 2022
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🧑🎓 US Student Aid Applicants Dropped to 17.5M in 2021/22
The number of US federal student aid applicants declined to 17.53M in 2021/22, a significant drop from its peak in 2011/12. This decline, which began in 2017/18, stems from declining college enrollment rates, demographic shifts, and skepticism about the value of higher education. Additionally, disruptions like FAFSA delays and pandemic impacts worsened the trend.
⚛️ Nuclear Energy Powered >60% of France’s Electricity
From 2020 to 2022, nuclear energy consistently contributed over 60% of France's electricity production due to the country's established reliance on a robust nuclear infrastructure. France's nuclear dominance stems from decades of investment in nuclear technology, low-carbon energy policies, and limited reliance on fossil fuels. In 2021, nuclear accounted for 68% of France’s electricity output.
🚀 Japan’s Aerospace Workforce Declined 36% in 2022
Japan's aerospace manufacturing workforce declined by 36% in 2022, continuing a downward trend since 2018. This decline stems from aging demographics, a shrinking labor pool, and disruptions from the pandemic, including supply chain issues and reduced global demand for aerospace products. These challenges have compounded existing pressures in Japan's manufacturing sector.
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