๐งโ๐ 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
Sawasdee ๐
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
๐งโ๐ Student Aid. US student aid applicants dropped to 17.5M in 2021/22
โ๏ธ Nuclear Energy. Nuclear energy powered >60% of Franceโs electricity
๐ Aerospace. Japanโs aerospace workforce declined 36% in 2022
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๐งโ๐ 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 trendโ.
โ๏ธ Nuclear Energy Powered >60% of Franceโs 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 Franceโs electricity outputโ.
๐ Japanโs 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 sectorโ.
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