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.Read More
Commentary: The Biden Admin Doesn’t Care About Creating Jobs – They Even Say So
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.Read More
Amazon Requests $152 Million in Incentives from Virginia for New HQ2 Campus
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.Read More
Commentary: Despite ‘Strong’ Rhetoric, Biden Administration Signals Gloomy Economic Outlook
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.Read More
The Webstaurant Store, LLC Announces $103.9 Million Investment in Wilson County
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.Read More
Florida Achieved Economic Milestones in 2022
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.”Read More
Jobs Report: Ohio Lags Behind Nation
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.Read More
Report: Ohio Among Worst States for Job Seekers
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.Read More
Crom’s Crommentary: ‘My Body My Choice’, but No Choice from Democratic Party Except for Abortion
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.Read More
Minnesota Launches Grants to Help Convicts Reenter Workforce
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.Read More
Hankook Tire Announces $612 Million Expansion in Montgomery County
Hankook Tire & Technology Co., Ltd officials announced Monday that the company will invest $612 million to expand its manufacturing operations in Montgomery County.Read More
Knoxville Public Service Department to Host Job Fair on September 15
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.Read More
2022 McMinn Regional Job Fair Set for July 21st at Athens Regional Park
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.Read More
Nashville Mayor John Cooper Announces Formation of the Youth Career Exploration and Alignment Opportunities Task Force
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.Read More
Kroger Expected to Bring 180 Jobs to Nashville with New ‘Spoke’ Facility
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.Read More
Rockford Spring Company Announces New Manufacturing Operations in Lewisburg
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.Read More
Advanced Call Center Technologies Expected to Create 650 New Jobs with Expansion in Sullivan County
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).Read More
Businesses Fail to Find Workers, and Experts Say Federal Policies Have Made It Worse
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.”Read More
Job Openings Hardly Budge as Americans Continue to Quit Their Jobs in Droves
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.Read More
Georgia Experiences All-Time High Employment Numbers in February
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.Read More
Ohio Employers Not Struggling as Much to Fill Jobs as Rest of Nation
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.’ ”Read More
U.S. Added 678K Jobs in February, While Unemployment Decreased Slightly
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.”Read More
St. Paul Police Chief Sends Mayor a Dire Warning About Understaffed Department
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.Read More
Department of Labor Expands Michigan’s Federal Jobless Waivers
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:Read More
Teachers Unions ‘Hold the Education of Kids Hostage,’ Worker Rights Group Says
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.Read More
Commentary: Get Ready for a New Roaring Twenties
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.Read More
University Fires 100 Professors Due to COVID
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.Read More
Federal Reserve Chairman Powell Says Inflation Poses ‘Severe’ Threat to Job Market
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.”Read More
Georgia State Employees Could See $5K Pay Raise
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.Read More
U.S. Economy Adds Just 199,000 Jobs in December, Far Below Expectations
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.Read More
Commentary: America’s Energy Future Depends on Pennsylvania
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.Read More
November Jobs Report Is One of the Worst Since Biden Took Office
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.Read More
Labor Board Orders New Union Election at Amazon Warehouse
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.Read More
20 Months into Pandemic, over 20,000 Michigan State Workers Remote
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.Read More
Commentary: I Am Challenging the Vaccine Mandate to Protect My Workers’ Jobs
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.Read More
American Airlines Cancels More Flights Citing Weather and Labor Shortage
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.Read More
Arizonans Fired over COVID Vaccination Might Not Get Unemployment
Arizona’s largest hospital system and others have set a Monday deadline for their employees to be vaccinated or face termination, but some employees who already have been fired for refusing a vaccine are learning they aren’t eligible for unemployment benefits.
Banner Health, ValleyWise Health, HonorHealth and Dignity Health are set to require COVID-19 vaccinations Monday. Others have set deadlines that already have passed.
Mayo Clinic, a Minnesota-based hospital nonprofit with two facilities in the valley, announced in July it would require all employees to be vaccinated by Sept. 17. In a release, it said staff who declined to be vaccinated for COVID-19 “must complete education modules and will be required to wear masks and socially distance when on campus.”Read More
Big Tech Companies Are Defying Texas’ Vaccine Mandate Ban
Major tech companies are continuing to require their employees to be vaccinated at their Texas facilities, in violation of Gov. Greg Abbott’s executive order banning all vaccine mandates.
Abbott signed an executive order on Oct. 11 prohibiting “any entity,” including private businesses, government contractors and local schools, from imposing a requirement that employees be vaccinated as a condition of employment. However, Google, Facebook, HPE, Twitter and Lyft have yet to lift their vaccine mandates in response to the order, Protocol first reported.
HPE spokesman Adam Bauer confirmed the company had not changed its vaccine policy, and told the Daily Caller News Foundation that the company was making “vaccination a condition of employment for U.S. team members to comply with President Biden’s executive order and remain in good standing as a federal contractor.”Read More
Roughly 40 Percent of Americans Say They Recently Suffered Financial Difficulties, Study Shows
Over 40% of U.S. households said they experienced severe financial hardship during the COVID-19 pandemic, citing difficulties paying bills, credit cards and draining their savings, according to a Harvard University report.
The survey conducted by the Harvard T.H.Chan School of Health, the Robert Wood Johnson Foundation, and the National Public Radio asked roughly 3,600 participants between July and August about problems they faced during the pandemic and how it affected their lives in recent months. Respondents were asked about financial, healthcare, education and personal safety concerns.
Roughly 30% of adults interviewed said they used up all or most of their savings during the pandemic, while 10% reported they had no savings before the pandemic began, according to the report. About one in five households had difficulties paying credit cards, loans, and other debts as well as utilities.Read More
North Carolina Chick-Fil-A Offering $19 an Hour for Full Time Employees is Still Struggling for Applicants
The Hendersonville, North Carolina Chick-fil-A is having a hard time finding employees, despite offering $19 an hour as a pay rate for full time positions. Along with the high wage pay, Chick-fil-A also offers other incentives as well.
In response to an Its Scoop Nashville Tweet about the restaurant’s struggle to find workers, one user replied, “say it with me, HENDERSONVILLE.” Implying that the location was what has been causing the lack of applicants.Read More
U.S. Economy Added 194,000 Jobs in September, Badly Missing Expectations
The U.S. economy reported an increase of 194,000 jobs in September, and the unemployment rate fell to 4.8%, according to Department of Labor statistics.
The number of unemployed people fell by 710,000 to 7.7 million, according to the Department of Labor statistics released Friday. Economists projected that employers created 500,000f jobs in September, more than double the figure in August, according to the Wall Street Journal.
Despite the spike in employment, the labor market remains thin due to the pandemic, and job growth earlier in the year was considerably stronger, according to the WSJ.Read More
Nearly 2,500 New Ohio Jobs Expected from Development Projects
A dozen new economic development projects are expected to create nearly 2,500 new jobs across Ohio, Gov. Mike DeWine said Monday.
The largest is a new distribution center in Springfield for West Virginia-based Gabriel Brothers. The company expects to start construction later this month on 114 acres of land. The facility should create 833 new jobs and mean $27.8 million in annual payroll.
Gabe’s is a discount department store chain that sells clothes, shoes, home décor, kitchen items and other goods.Read More
Georgia Department of Public Safety: Salary Increase for Employees Is ‘Mandatory’
One of Georgia’s top law enforcement officials is calling on Georgia lawmakers to increase taxpayer-funded pay and benefits for state law enforcement employees.
Georgia Department of Public Safety Chief of Staff Maj. Joshua Lamb told members of the Senate Retirement Security for Georgians Study Committee on Thursday it is “mandatory” to increase pay to recruit and keep current law enforcement employees.
Lamb said the department has a 22% turnover rate and annual job applications have decreased by 60% over the past three years.Read More
University of Michigan-Flint Grant to Support 300 Jobs, $10.4M Investment in Flint
The U.S. Secretary of Commerce’s Economic Development Administration (EDA) awarded a $3.8 million Coronavirus Aid, Relief, and Economic Security Act (CARES) Recovery Assistance grant to the University of Michigan-Flint, Flint, to construct the university’s new College of Innovation and Technology.
The grant, to be matched with $4.9 million in local funds, is expected to create 126 jobs, retain 175 jobs, and generate $10.4 million in private investment.
“We are grateful to Secretary Raimondo and the Biden Administration for investing in University of Michigan-Flint’s College of Innovation and Technology,” Whitmer said in a statement. “This grant will help us usher in a new era of prosperity by supporting over 300 good-paying jobs and generating $10.4 million in private investment.”
Mayor Sheldon Neeley welcomed the investment.Read More
U.S. Economy Added Just 235,000 Jobs in August, Way Short of Economists’ Projections
The U.S. economy added 235,000 jobs in August and the unemployment rate fell to 5.2%, according to Department of Labor data released Friday.
The number of unemployed people decreased to 8.4 million, according to the Bureau of Labor Statistics report. Economists projected 720,000 Americans — roughly three times the actual number — would be added to payrolls prior to Friday’s report, The Wall Street Journal reported.
“Despite the delta variant, there is still an opening up of the service sector of the U.S. economy,” Nationwide Mutual Insurance Chief Economist David Berson told the WSJ. “While that started some months ago, it’s not nearly complete.”Read More
U.S. Economy Added Whopping 943,000 Jobs in July as Recovery Accelerates
The U.S. economy reported an increase of 943,000 jobs in July and the unemployment rate fell to 5.4%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 850,000 in July, according to the Bureau of Labor Statistics report, and the number of unemployed persons decreased to 8.7 million. Economists projected 845,000 Americans would be added to payrolls prior to Friday’s report, The Wall Street Journal reported.
“The jobs recovery is continuing, but it’s different in character to any we’ve seen before,” payroll software firm ADP economist Nela Richardson told the WSJ. “I had been looking at September as a point when we could gain momentum—with schools back in session and vaccines widely available. But with the delta variant, we need to rethink that.”Read More
Labor Shortage Slows Oil Production in Major Fracking State
A shortage of workers has contributed to a significant crude oil production slowdown in North Dakota, the second-largest U.S. oil hub behind only Texas.
The labor shortage has caused oil output to become “flat as a pancake,” North Dakota State Mineral Resources Director Lynn Helms told The Bismarck Tribune. Energy companies have struggled to find workers needed to do the laborious work — injecting water, sand and chemicals into wells to extract oil — associated with fracking.
“Most of these folks went to Texas where activity was still significantly higher than it was here, where they didn’t have winter and where there were jobs in their industry,” Helms said, according to the Tribune. “It’s going to take higher pay and housing incentives and that sort of thing to get them here.”Read More
Michigan Jobs 322,000 Under Pre-Pandemic Level
Sixteen months after the COVID-19 pandemic began, Michigan is still behind 322,000 jobs compared to pre-pandemic in Feb. 2020.
Michigan’s seasonally adjusted jobless rate of 5% percent was unchanged in June, according to data released by the Michigan Department of Technology, Management & Budget.
“Michigan’s labor market indicators were little changed in June,” Wayne Rourke, the associate director of the Bureau of Labor Market Information and Strategic Initiatives, said in a statement. “The Michigan unemployment rate has been near 5.0 percent for five consecutive months. Payroll job counts in June were similar to March levels.”Read More
Gov. Whitmer Secures $10 Million Grant to Expand Employment Opportunities
Gov. Gretchen Whitmer announced the Michigan Department of Labor and Economic Opportunity (LEO) has been awarded a $10 million federal grant to support the state’s registered apprenticeship expansion efforts.
“As we put Michigan back to work, Registered Apprenticeship programs offer on-ramps to high-demand, high-skill careers, and in Michigan we have committed to expanding these educational opportunities to ensure more Michiganders can get good-paying jobs,” Whitmer said in a statement.
“Increasing access to education and training opportunities will help us achieve our 60 by 30 goal to have 60% of Michigan’s adult with post-secondary education or skills training by 2030, improve the quality of life and help Michiganders secure good-paying jobs, and ensure businesses have the workforce they need to succeed and grow our economy.”Read More
Economy Added 850,000 Jobs in June, Well Above Economists’ Forecasts
The U.S. economy reported an increase of 850,000 jobs in June and the unemployment rate ticked up to 5.9%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 850,000 in June, according to the Bureau of Labor Statistics report, and the number of unemployed persons increased to 9.5 million. Economists projected 700,000 Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.
“This is a trickier phase of the recovery,” Wells Fargo senior economist Sarah House told The New York Times.Read More