There were only two insightful reports on the economy this past week—for jobs and housing. Both show impressive gains.
Weekly initial unemployment claims fell by 56,000, to 787,000. They are down more than 100,000 from a month ago. There has also been a substantial decline in the insured unemployment rate to 5.7 percent from 8.7 percent a month ago. Also, the number of people receiving unemployment insurance payments fell to 8.4 million; it was 12.6 million a month ago. Read More
Small business relief, supporting 5.2 million small businesses and 50 million jobs, ran out on Aug. 8 and airlines ran out of money last month as massive layoffs have been ensuing.
In the meantime, House Speaker Nancy Pelosi (D-Calif.) continues to refuse a deal from President Donald Trump to extend these CARES Act programs — even if it means she loses a few seats in the House over it. Read More
CVS Health announced that it would bring on approximately 15,000 additional workers in preparation for the upcoming flu season and an expected rise in coronavirus cases before the distribution of an eventual vaccine.
The hirings will take place before the year’s end, the company said Monday in a statement. Though most of the positions are temporary, many could transition into full-time positions, CVS said. Read More
The U.S. economy added 661,000 jobs in September, while unemployment fell to 7.9%, according to Department of Labor data released Friday.
Total non-farm payroll employment rose by 661,000 in September, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 1 million to 12.6 million. Read More
Public affairs strategist and all-star panelist Clint Brewer joined The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – Friday morning on the newsmakers line. Read More
If you’re looking for a job, employment search website Indeed has a suggestion: Advance Financial. Nashville-based Advance Financial recently ranked eighth on an annual nationwide list of top workplaces for compensation and benefits, placing ahead of companies like Apple, GEICO, Comcast, AT&T, Boeing, Starbucks and ALDI. Indeed’s list of… Read More
by Robert Hughes The Manufacturing Purchasing Managers’ Index from the Institute for Supply Management registered a 54.2 percent reading in February, down from 56.6 in January (see top chart). Despite the pullback, the index remains well above neutral, suggesting continued expansion for the manufacturing sector. According to the Institute… Read More
by Tim Pearce Public education employees such as teachers and janitors are quitting jobs in record numbers, an uncommon trend in a profession that often rewards longevity, The Wall Street Journal reported. Many industries in the past year have seen a historically high rate of workers quitting. A tight… Read More
by Amanda Snell Sen. Bernie Sanders is back again, with yet another attempt to indirectly mandate the $15 an hour minimum wage. It’s called the Stop WALMART Act, or Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act. It would affect large (500-plus employees) companies, and among… Read More
by Michael Bastasch The Environmental Protection Agency (EPA) will not be providing any near-term relief to manufacturers burdened by Obama-era regulations on glider kits, two sources familiar with the matter told The Daily Caller News Foundation. EPA Acting Administrator Andrew Wheeler told EPA staffers Wednesday he would not be… Read More
by Ramon Taylor Brandy Corwin likes that she can now wear makeup and nice clothes to work. That is because she is no longer working on the assembly line at the General Motors plant in Fort Wayne, Indiana. “I was laid off multiple times, and having a family, you can’t… Read More
by Tim Pearce The number of Americans claiming unemployment insurance fell unexpectedly in late September after economists anticipated destruction from Hurricane Florence to hold claim numbers steady. The number of unemployment filings edged back toward the lowest rate in nearly five decades. The four-week moving average fell to the lowest rate since… Read More
by Jeffery Rendall Perhaps it’s fitting heading into Labor Day weekend that we should talk about jobs – not necessarily how many Americans have them versus those that don’t and are still searching, but how conditions are improving in the employment market and who’s reaping the benefits. First came… Read More
by Alex Muresianu A new report from the University of Wisconsin-Madison comparing employment between Minnesota and Wisconsin after Minnesota raised its minimum wage found that Minnesotan workers saw a decline in employment, especially for young, inexperienced, and low-skilled workers, as employment in Wisconsin rose. Despite this evidence reaffirming that the minimum wage can hurt… Read More
During Monday’s broadcast of The Gill Report – live on WETR 92.3 FM in Knoxville – conservative political commentator and Tennessee Star Political Editor Steve Gill questioned whether the left truly understands the dynamics of equality and economics and how mandating the rise of minimum wage may inadvertently deplete a human… Read More
By Robert Romano The U.S. economy added 293,000 jobs in May, according to the household survey published by the Bureau of Labor Statistics, bringing the total to nearly 3.4 million more Americans reporting they have jobs since President Donald Trump took office in Jan. 2017. That averages about 212,000 new jobs… Read More