U.S. labor markets continued showing signs of weakening as job openings fell to 7.6 million in July, the lowest level since Feb. 2021. Job openings are now 4.6 million below their March 2022 high of 12.2 million, a more than 37 percent drop.
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Something very strange is going on in America’s labor market. The employer’s survey in the June jobs report showed 272,000 jobs gained in May, and nearly 2.8 million jobs over the past year. These are both amazing figures given that the economy is at full employment.
While the employer’s survey is surely fine, the household survey, also produced by the Bureau of Labor Statistics (BLS), tells a strikingly different story, almost as though the country had two different labor markets.
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State agencies across the commonwealth gather data on jobs, employment, and the economy — but they struggle to share it, hamstringing how useful it is.
Legislators have taken notice and are looking to compel some digital cooperation.
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Ohio U.S. Senator JD Vance (R-OH) and Indiana U.S. Representative Jim Banks (R-IN-03) have introduced a bill that would prohibit universities that receive federal funding from hiring illegal aliens.
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It is a tale as old as time. Older generations criticize the young, usually following a particular formula. The seniors say that the young are wimpier, lazier, less ambitious, overly entitled, and have weaker characters. Examples are now easier to come by because of social media, which allows one to encounter different types of people without having to enter their social circles.
While there are many issues of concern among the young, last week a TikTok rant by a young lady about the difficulty of working and paying her bills went viral. She seemed sad and overwhelmed. Her income apparently could barely cover the rent. Of course, she probably needed a smaller place and a roommate, but her complaints are universal, even among those who are more frugal.
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The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate, but does project rate cuts later this year.
The Fed’s decision not to raise rates keeps the target range between 5.25% and 5.50%, the highest level since 2001, marking the fourth meeting in a row where the Fed chose to not adjust the rate, according to an announcement from the Federal Reserve following a meeting by the Federal Open Market Committee (FOMC). Investor projections for upcoming FOMC meetings are increasingly predicting a rate cut, with the market calculating around 58% odds that the rate will be reduced in March as of Jan. 31, according to CME Group.
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Ex-offenders in Florida could have an easier time gaining work licenses, permits and other certifications after a new bill passed through committee on Monday.
Senate Bill 1012 is sponsored by state Sen. Alexis Calatayud, R-Miami and would assist ex-offenders in getting a license, permit, or certification for employment. Calatayud stated during the bill’s introduction to the Senate Committee on Regulated Industries that the bill protects individuals who happen to have a criminal history from being “blanket denied” by agencies.
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The original number of jobs reported by the federal government in 2023 was revised down by a total of 749,000 jobs, meaning nearly one-fourth of jobs thought to be created in the year were not actually there, according to data from the Bureau of Labor Statistics (BLS) analyzed by the Daily Caller News Foundation.
The sum of the initial estimate from each of the government’s monthly job growth reports in 2023 totaled 3,140,000 new jobs, with later reports revising down the number of jobs added by a collective 443,000, according to the BLS. The BLS also announced in August a revision in total employment for March, subtracting another 306,000 jobs.
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A new tool aimed at helping applicants locate openings for state government positions in Ohio based on their specific experiences, skills, and training was rolled out this week.
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Three Tennessee cities have ranked among the Top 50 Best Job Markets in SmartAsset’s 2023 study of the 340 largest U.S. cities.
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The national unemployment rate reported by the Bureau of Labor Statistics jumped from 3.5 percent to 3.8 percent in August as an additional 514,000 Americans said they could not find work in the Bureau’s household survey. Now 6.3 million Americans are said to be unemployed, the highest in more than a year.
But it did not come with a commensurate drop in the number of Americans saying they were working, which also increased by 222,000 to 161.48 million.
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The Tennessee Department of Labor and Workforce Development (TDLWD) released county-specific unemployment data on Thursday for July.
Last month, a majority of Tennessee’s 95 counties reported lower unemployment rates compared to the data reported in June, according to TDLWD.
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The Kroger Company officials announced Monday that the company will construct a new Central Fill facility in Cleveland, Tennessee.
Kroger, headquartered in Cincinnati, Ohio, is one of the world’s largest retailers.
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The number of Americans who filed new unemployment claims increased more than expected to 261,000 in the week ending June 3, the Department of Labor (DOL) reported Thursday.
Claims rose 28,000 compared to the previous week’s revised level, the highest number since October 2021, when it was 264,000, according to the DOL. This substantially exceeded the median forecast, which was 236,000, according to MarketWatch.
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Full-scope plastics manufacturer Primex Color, Compounding & Additives Corporation recently announced that the company will invest $5.4 million to construct a new research and development center and expand its existing manufacturing facility in Jasper.
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Department of Interior Secretary Deb Haaland said the quiet part out loud last week. As the executive of our public lands agency, she does not believe that Americans need jobs because there are already so many jobs available. It’s better to lock up land, and lock down mining because who wants those jobs, when there are so many others?
Before the U.S. Senate Energy and Natural Resources Committee, Haaland told Sen. Josh Hawley, “Senator, I know that there’s like 1.9 jobs for every American in the country right now. So, I know there’s a lot of jobs,” which was her explanation for canceling cobalt mining permits for Twin Metals Minnesota, an underground mine proposed for the northeastern part of the state. America won’t need those jobs, she was saying.
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Amazon applied for economic development incentives from Virginia for its new HQ2 campus in Arlington, requesting the state pay $152 million to the company by 2026.
Arlington was chosen as the site for Amazon’s second quarters four years ago – a move the company said would bring 25,000 jobs to the area by 2030. The tech giant has roughly 8,400 employees assigned to HQ2, and the average wage of these jobs must meet or exceed $156,800, according to Amazon spokesperson Rachael Lightly.
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The White House Office of Management and Budget (OMB) in the now-released President’s Budget is projecting just 0.6 percent in inflation-adjusted real growth of the U.S. economy in 2023 as the unemployment rate is expected to rise to 4.3 percent in 2023 and peak at 4.6 percent in 2024 after the economy is finished overheating from the continued, elevated inflation, consumers max out on credit and spending falls off a cliff.
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The Webstaurant Store, LLC announced Tuesday that the company will invest $103.9 million to locate new distribution operations in Lebanon’s Speedway Industrial Park.
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Florida’s economy reached many milestones in 2022, including recording it’s second lowest unemployment rate in state history and reaching record levels of job creation and budget reserves. It also closed 2022 with nearly $22 billion in surplus, the highest in state history, and decreased its debt by $1.3 billion.
“By keeping Florida free and open, we have created a positive economic environment and invested in our state’s workforce and communities,” Gov. Ron DeSantis said of the state’s economic progress. He’s touted Florida leading the U.S. “in net migration and talent attraction” while “other states continue to struggle at the hands of poor leadership; people and businesses are flocking to Florida.”
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Ohio continues to lag behind the rest of the United States in terms of employment according to a report released Friday by the state Department of Job and Family Services.
The data showed unemployment in the Buckeye State remained at 4.2 percent in November, the same as the prior month’s level and a half a point behind the nationwide 3.7-percent rate.
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A new study ranks Ohio as one of the worst states in the nation for job seekers to find employment.
WalletHub, a personal finance website, say in the new report the state’s tax burden and low job satisfaction ranking have put it in the bottom 10 states for those continuing to try to find a job.
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Wednesday morning on The Tennessee Star Report, host Leahy welcomed the original all-star panelist Crom Carmichael to the studio for another edition of Crom’s Crommentary.
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Minnesota will spend $3 million in fiscal years 2023-2024 to help Minnesotans who have served their prison sentences reenter the workforce, the state announced Friday.
The Minnesota Department of Employment and Economic Development said it received up to $10 million in First Step Initiative funding from the U.S. Department of Labor and Department of Justice to support formerly incarcerated individuals transition back to the community.
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Hankook Tire & Technology Co., Ltd officials announced Monday that the company will invest $612 million to expand its manufacturing operations in Montgomery County.
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The city of Knoxville’s public service department announced that it will hold a job fair on September 15th, from 8 a.m. to 12 p.m., located at the Public Works Service Center.
The Public Service Job Fair is geared toward job seekers “looking for steady, satisfying outdoor work that helps keep Knoxville clean and operating efficiently,” the department wrote in a press release.
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The McMinn County Economic Development Authority is hosting the 2022 McMinn Regional Job Fair at Athens Regional Park on July 21. The job fair will be held from 9:00 a.m.-3:00 p.m. (EST) and will host over 20 regional employers with current job openings ready to hire.
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On Wednesday, Nashville Mayor John Cooper announced the formation of the Youth Career Exploration and Alignment Opportunities Task Force, according to a press release from Cooper’s office.
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Kroger Fulfillment Network, LLC officials announced Thursday that Kroger Co. will offer more Americans product delivery through the addition of a “spoke” facility in Nashville. The project is expected to bring 180 new jobs to Davidson County.
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Rockford Spring Company officials announced Thursday that the company will establish new manufacturing operations in Lewisburg. Founded in 1952, Rockford Spring Company manufactures custom precision springs and wire forms for the automotive, agriculture, firearms, hydraulics and outdoor power equipment, as well as many other industries.
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Advanced Call Center Technologies (ACT) announced Monday it will establish new operations in Bristol and Kingsport, creating 650 new jobs in Sullivan County. ACT’s expansion in the region will create 350 new jobs at its Kingsport facility and 300 jobs in Bristol, according to a press release by the Tennessee Department of Economic and Community Development (TNECD).
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A new labor market survey found that a majority of employers, particularly restaurants, still cannot find enough workers.
The new report from Alignable said that 83% of restaurants can’t find enough workers. Overall, the report found that “63% of all small business employers can’t find the help they need, after a year of an ongoing labor shortage.”
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Job openings remained nearly unchanged in February while Americans continue to leave their jobs in high numbers, the Bureau of Labor Statistics (BLS) announced Tuesday.
The U.S. saw 11.3 million job openings in February, a slight dip from December’s high of 11.4 million, BLS reported Tuesday. Economists surveyed by The Wall Street Journal estimated job openings would slightly decrease from January’s 11.3 million figure.
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Georgia recorded all-time high employment numbers in February.
The number of workers – more than 5 million – increased by 21,102 in February, the Georgia Department of Labor (GDOL) said. The Peach State’s labor force of more than 5.2 million workers also is at an all-time high and increased 18,994 during the month.
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While filling jobs continues to be a source of struggle for businesses across the nation, Ohio employers seem to be dealing with it better than most, according to a recently released study.
A WalletHub report compared all 50 states and the District of Columbia based on the rate of job openings for the latest month and the past 12 months.
“Lots of businesses are struggling to hire enough workers, which has sometimes led to delays in services and reduced business hours,” the report read. “In fact, the labor force participation rate has experienced the slowest recovery of any recession since World War II. Some businesses aren’t even able to keep the employees they already have – as Americans are quitting their jobs at record rates in what’s been dubbed the ‘Great Resignation.’ ”
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The U.S. economy added 678,000 jobs in February, according to a Friday report from the U.S. Bureau of Labor and Statistics (BLS), beating economists’ expectations.
Total nonfarm payroll employment increased by 678,000 in February, according to the BLS report, while the unemployment rate dropped to 3.8%, a pandemic low. Job gains were most pronounced in the leisure and hospitality sectors, which added a total 179,000 jobs.
“The labor market continues to be quite hot,” Nick Bunker, an economist at Indeed, told The Wall Street Journal. “It looks like the labor market is still primed for lots of strong employment growth.”
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St. Paul’s chief of police is pleading with city leaders for help once again.
Last Friday Chief Todd Axtell wrote a letter to Mayor Melvin Carter with a dire warning about the understaffed and overworked St. Paul Police Department.
Evidently not much has changed after a contentious Sept. 2021 meeting with the St. Paul City Council, in which Axtell sought a $3.1 million increase over what Mayor Carter initially proposed for the 2022 police budget.
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The U.S. Department of Labor (USDOL) granted Gov. Gretchen Whitmer’s request to expand the eligibility for waivers for Michiganders who wrongly received Pandemic Unemployment Assistance (PUA) because of the state jobless agency’s mistake.
“Michiganders should not be penalized for doing what was right at the time they applied for federal pandemic benefits,” Whitmer said in a statement. “Coupled with the waivers we applied earlier, we are looking to help Michiganders who needed unemployment benefits to pay their bills, keep food on the table, and continue supporting small businesses. I look forward to working with our legislative partners to continue putting Michiganders first and keeping more money in their pockets.”
The USDOL updated its waiver guidance to approve five new scenarios for consideration of a waiver may apply blanket waivers for recovery of overpayments:
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A worker rights group is calling out two powerful teachers unions, claiming that they “hold the education of kids hostage” in a press release.
Mark Mix, president of the National Right to Work Legal Defense Foundation (NRTWLDF), told the Daily Caller News Foundation that teachers unions like the National Education Association (NEA) and American Federation of Teachers (AFT) are taking advantage of a labor law provision passed in the 1930s for the private sector.
“In several states across the country, union officials, specifically teachers’ union officials, have been granted a really unique privilege called exclusive monopoly bargaining,” Mix said, adding that former President Franklin Delano Roosevelt opposed granting such privileges to public-sector unions while in office.
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On New Year’s Eve of 2019, revelers gathered around the globe to ring in a new decade. Many jubilantly attended “Roaring Twenties” parties, adorned in elegant evening wear, cloche and Panama hats, and knickerbockers, harkening back to an exciting, culturally vibrant era of economic prosperity. But whatever veiled hopes partygoers had for a booming future soon met jarring realities: a once-in-a-century pandemic, global lockdowns, an economic recession, and widespread civil unrest stemming from an incident of police brutality. The Roaring 2020s were not to be, it seemed.
Take heart: Mark P. Mills, a physicist, senior fellow at the Manhattan Institute, faculty fellow at Northwestern University, and a partner in Montrose Lane, an energy-tech venture fund, is out to rekindle our collectively dashed hopes. In his new book, The Cloud Revolution: How the Convergence of New Technologies Will Unleash the Next Economic Boom and a Roaring 2020s, Mills convincingly argues with verve, vitality, and – most importantly – evidence, that humanity is about to take a great step forward in the coming decade. And unlike the first Roaring Twenties, these won’t need to end with a Great Depression.
In the opening pages, Mills reminds us that the original Roaring Twenties didn’t start off so auspiciously, either. In fact, separated by a century, our situation seems eerily similar. The 1918 flu pandemic ran well into 1920, triggering a severe U.S. recession that lasted through summer 1921. Violent riots and political instability were also prevalent. Yet from this pit of public despair, Americans pulled themselves out. Propelled by remarkable advancements in mass production, medicine, electrification, communications via telephone and radio, movies, automobiles, and aviation, the United States saw its GDP rise by an astounding 43% between 1921 and 1929.
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As the COVID-19 pandemic continues into its third year, William Paterson University is now laying off 100 full-time faculty over the next three years.
The university, located in Wayne, New Jersey, originally planned to let 150 professors go before union negotiations revised the number to 100, or 29% of the institution’s 340 faculty, reports Inside Higher Ed.
Thirteen tenured professors lost their job at the end of 2021, according to the outlet.
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Federal Reserve Chairman Jerome Powell acknowledged Tuesday that high inflation is indeed a serious threat to the U.S. central bank’s goal of helping to get U.S. employees back to work.
He also said the Fed will raise rates higher than initially planned if needed to slow rising prices, according to the Associated Press.
“If we have to raise interest rates more over time, we will,” Powell told the Senate Banking Committee, which is considering his nomination for a second four-year term, the wire service also reports. “High inflation is a severe threat to the achievement of maximum employment.”
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As lawmakers convene in Atlanta on Monday for the start of a new legislative session, Gov. Brian Kemp wants to give state employees $5,000 raises and increase their benefits.
Two budgets are passed through the General Assembly every legislative session. Lawmakers must review and approve spending for the remainder of the current fiscal year, also known as the Amended Fiscal Year (AFY) budget, and approve the budget for the next fiscal year, which begins July 1.
Kemp told state agencies in August not to propose spending increases for the next two years as a safeguard against uncertainty during the COVID-19 pandemic.
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The U.S. economy recorded an increase of 199,000 jobs in December and the unemployment dipped to 3.9%, the U.S. Bureau of Labor Statistics (BLS) announced Friday.
Total non-farm payroll employment increased by 199,000 in December, according to the BLS, and the number of unemployed Americans dipped to 6.3 million. Economists surveyed by The Wall Street Journal projected the economy to add 422,000 jobs in December and for unemployment to fall to 4.1%.
December’s jobs report leaves the U.S. economy with roughly 6.5 million more jobs than at the end of 2020 but still 3.5 million short of pre-pandemic levels.
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For decades, many of us in northeastern Pennsylvania have talked about knocking the rust off our regional economy and creating not only new jobs but also new industries.
Diversifying the economic portfolio of northeastern Pennsylvania means creating an ecosystem for entrepreneurs that helps small businesses prosper in our downtowns through partnerships with the region’s great institutions of higher education – partnerships like the Invent Penn State launchbox at Penn State Hazleton and the Idea Hub at the Wilkes-Barre Innovation Center.
Creating a strong regional economy also means investing in the economic assets – like Pennsylvania natural gas – that enable us to compete for good manufacturing jobs. Affordable, Pennsylvania-produced natural gas is a foundational component of our national economy, fueling America’s manufacturing plants, farms, hospitals, schools, and homes. The Keystone State’s natural gas powers our energy economy and produces thousands of family-sustaining jobs, ranging from the scientist in the laboratory to the union laborer on the pipeline.
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The U.S. economy added 210,000 jobs in November, marking nearly the lowest number of jobs created in a month since President Joe Biden took office in January.
November’s jobs report was well below economists’ estimate of 573,000, according to CNBC. Additionally, unemployment fell to 4.2% from October’s 4.6% figure, according to the Bureau of Labor Statistics (BLS).
The U.S. economy, still recovering from the COVID-19 pandemic but now subject to uncertainty related to the Omicron coronavirus variant, appeared to slow in momentum in November, The Wall Street Journal reported.
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The National Labor Relations Board (NLRB) ordered a new unionization election at an Amazon warehouse in Alabama, ruling that the company violated federal labor law during the first election.
“Today’s decision confirms what we were saying all along – that Amazon’s intimidation and interference prevented workers from having a fair say in whether they wanted a union in their workplace – and as the Regional Director has indicated, that is both unacceptable and illegal,” Retail, Wholesale and Department Store Union (RWDSU) President Stuart Appelbaum said in a statement Monday.
“Amazon workers deserve to have a voice at work, which can only come from a union,” he continued.
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Twenty months after the COVID-19 pandemic struck Michigan, downtown Lansing hasn’t recovered fully. Half of the state’s roughly 48,000 employees are still working remotely.
The disappearance of daily consumption habits of more than 22,000 state workers have hurt local businesses, whether that’s grabbing a bagel from The New Daily Bagel, rolls from AnQi Sushi Express or a shake from Soul Nutrition. Some businesses have adjusted accordingly, cutting hours, closing locations, and reducing menus.
The Michigan Department of Technology, Management, and Budget (DTMB) Spokesman Caleb Buhs said about half of state workers are working remotely on a daily basis.
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The Biden administration has finally published its anticipated ultimatum threatening companies like mine with severe fines and penalties for not firing any employee who declines to be vaccinated against or submit to invasive weekly testing for COVID-19. The new rule promulgated by the U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) under the guise of workplace safety may well bankrupt the business my father founded. So, as the CEO of the Phillips Manufacturing & Tower Company, I am joining with The Buckeye Institute to challenge OSHA’s vaccine mandate in court. Here’s why.
Phillips is a 54-year-old company based in Shelby, Ohio, that manufactures specialty welded steel tubing for automotive, appliance, and construction industries. OSHA’s emergency rule applies to companies with 100 or more employees — at our Shelby Welded Tube facility, we employ 104 people. As a family-owned business I take the health of my workers seriously — they are my neighbors and my friends. When I heard of the mandate, we conducted a survey of our workers to see what the impacts would be. It revealed that 28 Phillips employees are fully vaccinated, while antibody testing conducted at company expense found that another 16 employees have tested positive for COVID-19 antibodies and likely possess natural immunity. At least 47 employees have indicated that they have not and will not be vaccinated. Seventeen of those 47 unvaccinated workers said that they would quit or be fired before complying with the vaccine or testing mandate. Those are 17 skilled workers that Phillips cannot afford to lose.
Perhaps the Biden administration remains unaware of the labor shortage currently plaguing the U.S. labor market generally and industrial manufacturing especially. Like many companies, Phillips is already understaffed, with seven job openings we have been unable to fill. Employees already work overtime to keep pace with customer demand, working 10-hour shifts, six days a week on average. Firing 17 veteran members of the Phillips team certainly won’t help.
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American Airlines canceled 340 flights on Monday after cutting almost 2,000 flights during the weekend due to staffing shortages and weather delays, multiple sources reported.
The airline cut 343 flights Friday, 548 Saturday, and over 1,000 Sunday, according to American Airlines data obtained by the Daily Caller News Foundation.
The company canceled 2,291 flights as of Monday morning, representing over 10% of its schedule.
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