There are 10.4 million job openings in the U.S., the Department of Labor said Friday, a figure that’s well above the number of unemployed Americans.
“Job openings increased in health care and social assistance (+141,000); state and local government, excluding education (+114,000); wholesale trade (+51,000); and information (+51,000),” the Bureau of Labor Statistics said. “Job openings decreased in state and local government education (-114,000); other services (-104,000); real estate and rental and leasing (-65,000); and educational services (-45,000).” Read More
COVID-19 is taking a back seat when it comes to the economy, education and more, recent polls show.
In a new Reuters/Ipsos poll, only about 12% of American adults surveyed said they would list public health issues, which include COVID-19, as a top priority, below economic issues like the job market and inflation. The poll also showed 73% of respondents saying political leaders should focus on growing jobs and the economy and two-thirds of voters, including a majority of both Republicans and Democrats, agreeing that “inflation is a very big concern for me.” Read More
Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Fox Business Contributor Liz Peek to the newsmakers line to give hard truths on the economic climate of America. Read More
President Joe Biden’s administration wants to lead an electric vehicle (EV) revolution, but apparently doesn’t want domestic production of rare earth minerals vital to EVs.
The Biden administration announced a two-year study on a proposed Twin Metals copper-nickel mine in northeast Minnesota that could delay it for 20 years and stop one of the few planned copper-nickel mines in the nation while the U.S attempts to pivot to EVs from gasoline-powered internal combustion vehicles. Read More
The U.S. economy added 245,000 jobs in November, far below economists’ expectations, while unemployment fell to 6.7%, according to Department of Labor data released Friday.
Total non-farm payroll employment rose by 245,000 in November, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 400,000 to 10.7 million. The U.S. added 638,000 jobs in October while the unemployment rate dropped to 6.9%. Read More
One of the first officials President-elect Joe Biden picked to serve in his White House helped spearhead efforts two decades ago to normalize trade relations with China, a move which studies have found led to the loss of millions of manufacturing jobs in the U.S.
Steve Ricchetti will serve as counselor to Biden, the transition team announced on Tuesday. Ricchetti was chief of staff to then-Vice President Biden during the Obama administration, and was deputy chief of staff to President Bill Clinton. Read More
U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop partly reflected an increase in… Read More
Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant… Read More
Robots aren’t replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report. The report, published Thursday, says roughly 36 million Americans hold jobs with “high exposure” to automation — meaning at least… Read More