The dictatorial, repugnant, and repressive Chinese government has ended freedom in Hong Kong. Now it threatens Taiwan, the most important producer of semiconductors for American products — jeopardizing America and her prosperity.
Most American producers are suffering shortages of semiconductors, and if China prevails in its quest to take Taiwan, China will be positioned to shut down American industry by refusing to ship semiconductors to the United States. A Sino-American embargo would precipitate the shuttering of automobile, appliance, and military equipment production, the internet, and processors in virtually every product and industry.
With laser focus, China’s government strengthens its military and economy, as our federal government officials — the most mendacious and incompetent since the FDR depression — weaken American manufacturing and commerce, subvert truth, and squander time and resources on the vacuous follies of gender politics and climate change. Read More
Four states will be cutting pandemic unemployment increases three months early, ending the supplemental $300 in federal aid.
Alaska, Iowa, Missouri, and Mississippi will end pandemic-related unemployment relief on June 12. An additional 21 Republican-led states will slash federal aid before it expires on Sept. 6, according to Business Insider.
Conservatives continue to advocate an end to the increased benefits, saying they are no longer needed now that the pandemic is contained and speculating that the high payouts are discouraging would-be workers from returning. Read More
After the cancellation of the Keystone XL Pipeline struck a blow to the oil industry, energy jobs activists are pushing back by warning of increased costs and touting the benefits of transporting oil via pipeline.
TC Energy Corporation announced on Wednesday that it was cancelling the Keystone XL Pipeline less than five months after President Joe Biden rescinded a vital permit for the pipeline. The cancellation ends an over 12-year battle by activists from both sides over the oil pipeline. The pipeline would have started in the Canadian province of Alberta ultimately ending in Nebraska.
In a statement François Poirier, President and CEO of TC Energy Corporation, expressed disappointment. Read More
COVID-19 restrictions might be winding down, but 762,000 Michiganders are still receiving unemployment benefits while records jobs stay unfilled.
The location of those receiving unemployment is skewed toward high-population areas. Oakland, Wayne, and Macomb Counties compose 400,000 claims. Read More
It’s no secret that US businesses are struggling to find workers. Recent surveys have shown that small businesses are reporting record job openings.
Many have described the phenomenon as a labor shortage.
“Walk outside: labor shortage is the pervasive phenomenon,” economist Lawrence Summers recently observed at a conference hosted by the Federal Reserve Bank of Atlanta. Read More
Wednesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Washington Correspondent for the Tennessee Star Neil McCabe to the newsmakers line to weigh in on his latest piece addressing the death tax of Joe Biden. Read More
The U.S. economy reported an increase of 266,000 jobs in April and the unemployment rate rose slightly to 6.1%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 266,000 in April, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons ticked up to 9.8 million. Economists projected a million Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.
“The pieces are really coming together for a burst in activity,” Sarah House, senior economist for Wells Fargo’s Corporate and Investment Bank, told the WSJ. “We’re expecting to see the labor market recovery shift into an even faster gear with the April jobs report.” Read More
Ohio had the slowest weekly unemployment claims recovery in the nation last week, based on a new report from the personal finance website WalletHub.
The report compared all 50 states and the District of Columbia over three metrics: changes in claims during the latest week compared with 2019 and 2020 and changes in claims filed from the beginning of the COVID-19 pandemic versus the previous year.
Based on the data, Ohio ranked 51st out of 51 in recovery over the latest week and 37th since the pandemic began. Ohio ranked behind Colorado, West Virginia, Mississippi and Virginia in weekly recovery. Read More
At 2:00 AM on Saturday, February 27, Democrats in the U.S. House of Representatives voted to pass a “COVID relief and economic support“ bill at a cost to taxpayers of $1.9 trillion. The next Saturday, Senate Democrats passed a very similar bill, and President Biden stated he will sign it. This will be the sixth “COVID relief” law and swell the tab for such legislation to a total of $5.3 trillion. The combined cost of these laws to every household in the United States will be an average of $41,036. Read More
The U.S. economy reported an increase of 49,000 jobs in January while the unemployment rate fell to 6.3%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 49,000 in January, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell to 10.1 million. Economists projected 50,000 Americans to be added to payrolls and the unemployment rate to increase to come in at 6.7% prior to Friday’s report, according to the WSJ. Read More
The U.S. economy reported a decrease of 140,000 jobs in December while unemployment stayed unchanged at 6.7%, according to Department of Labor data released Friday.
Total non-farm payroll employment declined by 140,000 in November, according to the Bureau of Labor Statistics report, and the number of unemployed persons stayed stagnant at 10.7 million. The number marked the first time since April, the U.S. reported negative job growth. Read More
Anybody who knows me knows I’m a jobs guy. I believe in jobs, good wages and all the positives than come from infrastructure projects. We have one about to explode in our own backyard here in Virginia – and I mean explode in a good way. It’s the multi-billion dollar economic development blockbuster known as the Coastal Virginia Offshore Wind Project. This thing has been under development for a long time…from the informational meetings years ago, the drawing boards, the public meetings, the regulatory hurdles and the construction. Read More
The U.S. economy added 638,000 jobs in October, while unemployment fell to 6.9%, according to Department of Labor data released Friday.
Total non-farm payroll employment rose by 638,000 in October, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 1.5 million to 11.1 million. The U.S. added 661,000 jobs in September while the unemployment rate dropped to 7.9%. Read More
This November, Michigan voters would be wise to recognize the connection between their top concern — the economy — and illegal immigration. Study after study shows that illegal immigration puts downward pressure on wages and takes away Americans’ job opportunities.
That doesn’t seem to bother Democrats. Joe Biden’s immigration plans, which Democratic senators including Gary Peters support, would put the screws to America’s working class. His agenda includes an amnesty for 11 million illegal immigrants already here. In addition, Biden wants to suspend all deportations during his first 100 days in office and relax the rules for claiming asylum. Read More
When Michiganders cast their ballots this year, they won’t just decide whether Donald Trump or Joe Biden occupies the Oval Office, or which party will control Congress.
They may well determine what Michigan’s job market looks like for years to come. Read More
Under a Joe Biden presidency, millions of American workers would lose their jobs, families would struggle to pay higher taxes, and many would be forced into unions against their will. At a time when millions of Americans are already struggling due to Covid-19 economic shutdowns, Biden’s job-killing policies would be a disaster. Read More
Another 275,000 jobs were added to the U.S. economy in the month of September, according to the Bureau of Labor Statistics’ (BLS) household survey, and 661,000 in the establishment survey, adding to the miraculous economic recovery that has taken place since COVID-19 lockdowns this spring as now states and businesses continue reopening at a rapid clip. 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
At the height of the COVID-19 pandemic, when a lot less was known about the virus and how to counter it, and while the nation was still ramping up production of testing and hospital resources including ventilators needed, 25 million jobs were lost across the country, according to Bureau of Labor Statistics data.
Since labor markets bottomed in April, 13.8 million jobs have been recovered, as states have begun steadily reopening in the months since. Read More
The number of Americans filing new unemployment claims decreased to 860,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.
The Department of Labor figure released Thursday represented an decrease of new jobless claims compared to the week ending on Sept. 5, in which there were 884,000 new jobless claims reported. Read More
The U.S. economy added 1.4 million jobs in August, while unemployment fell to 8.4%, according to Department of Labor data released Friday.
Total non-farm payroll employment rose by 1.4 million in August, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 2.8 million to 13.6 million. The unemployment rate fell below 10% for the first time since April when the rate reached 14.7%. Read More
Amazon plans to create 3,500 new tech and corporate jobs in six cities nationwide, the company announced Tuesday.
Most of the company’s new hires will be located in Amazon’s New York office with the rest being added in Dallas, Detroit, Denver, Phoenix and San Diego, according to a press release. Amazon also announced plans to expand the six offices to accommodate the new hires. Read More
The U.S. economy contracted a record-setting, inflation-adjusted, annualized 32.9 percent in the second quarter of 2020 according to the latest data from the Bureau of Economic Analysis as tens of millions of Americans waited out the Chinese coronavirus in their homes, not venturing out much except for work and needed supplies.
The second quarter comprises of April, May and June, when in Bureau of Labor Statistics’ household survey 25 million jobs were lost by April and then 8.8 million came back in May and June as states slowly began reopening. Read More
The job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April.
The Labor Department reported Tuesday that the number of available jobs rose sharply as well, but remained far below pre-pandemic levels. Read More
Michigan was home to 17 of the 25 counties with the highest unemployment numbers in the nation in April.
According to a database from Lansing State Journal, Cheboygan County led the nation in unemployment with a 41.2 percent unemployment rate. Second in the nation was Mackinac County at 38.1 percent. Read More
Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.
The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed.
The previous high in a single week, according to the department, was in October 1982, when about 695,000 claims were filed. The nearly 3.3 million claims filed last week is nearly five times the prior record. Read More
An economic expert says Ohio’s latest unemployment data show 2019 was the slowest year for new jobs in a decade — and the state lagged behind the nation in creating new jobs. Read More
An annual survey of Minnesota’s manufacturing sector shows respondents anticipate stable or improved economic conditions in 2020. Read More
Thirty miles west of Cleveland along the Lake Erie shoreline sits a town named Lorain, Ohio. Famous for being the birthplace of Toni Morrison, Lorain was once a bustling steel town that drew people from all over the country for manufacturing work. Even the high school football team was named “The Steelmen.” But today, like many Rust Belt towns, Lorain shows signs of decay: ramshackle houses, vacant buildings covered in graffiti, and abandoned plants and factories — lots of them. Read More
You didn’t see it on the front page of one of the establishment newspapers or in the lead segment on establishment TV, but Reuters reported the number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, indicating the labor market remains solid. Read More
A few weeks ago, the Census Bureau released the 2018 Income and Poverty in the United States report, but you probably didn’t see anything about it because it received scant attention in the establishment media because it reported such positive results mostly attributable to President Trump’s economic policies. Instead, what little media attention that the report received focused on a meaningless measure of income “inequality.” Read More
The U.S. economy added 128,000 jobs in October, while the unemployment rate rose to 3.6%, according to Department of Labor data released Friday. Read More
The U.S. economy added 136,000 jobs in September, while the unemployment rate declined to 3.5%, according to the Department of Labor data released Friday. Read More
The anti-Trump talking-down-the-economy crowd has America already in a recession, with POLITICO’s Morning Money leading its Thursday morning news with, “…manufacturing in recession and capital expenditures dropping, the strong consumer is the final leg holding up the U.S. economy. But the length of the workweek dipped in July, often a leading signal that employers are cutting back. A sharp slowdown in job creation could follow.” Read More
The U.S. economy added 130,000 jobs in August, while the unemployment rate remained at 3.7%, according to Department of Labor data released Friday. Read More
Black unemployment hit a record low in August, spurred by an uptick in employment for black women. Read More
You might have noticed some alarmist reporting from Marketwatch and the Drudge Report implying the economy lost 500,000 jobs last year. Read More
The U.S. economy added 164,000 jobs in July, while the unemployment rate remained at 3.7%, according to Department of Labor data released Friday. Read More
State Representative Cameron Sexton (R-Crossville) is promoting the legislative accomplishments of the Republican Administration and legislative supermajorities with a new pair of radio ads. Many of the successful legislative items, from tax cuts to school safety to job creation were lost in the shuffle when scandals involving House Speaker… Read More
by Mary Margaret Olohan The U.S. economy added 224,000 jobs in June, while the unemployment rate slightly increased to 3.7 percent, according to Department of Labor data released Friday. 224,000 jobs were added in June, according to the Bureau of Labor Statistics report, about double the number economists predicted.… Read More
by Mary Margaret Olohan The U.S. economy added 75,000 jobs in May, while the unemployment rate remained at 3.6 percent, according to Department of Labor data released Friday. Economists predicted 180,000 jobs would be added and that wage growth would rise to about 3.2%, according to The Wall Street… Read More
Ohio’s state unemployment rate is at an 18 year low even after General Motors closing down its Lordstown factory. The Buckeye state’s unemployment dropped from 4.6 percent in February to 4.4 percent in March. The last time Ohio’s unemployment reached 4.4 percent back was in August of 2001. Despite this… Read More
Hiring in the United States rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February’s scant gain and evidence that many businesses still want to hire despite signs that the economy is slowing. The unemployment rate remained at 3.8 percent, near the lowest level in… Read More
Minnesota’s Department of Employment and Economic Development, or DEED, released its monthly jobs report Thursday, and the results weren’t good for Gov. Tim Walz’s first full month in office. According to the report, Minnesota lost 8,800 seasonally adjusted jobs in February, and the unemployment rate climbed from 3 percent to… Read More
by Rick Manning Government does not create jobs, the private sector creates jobs. This is the basic rule that gets obscured in the political back and forth over the economy. And truthfully, it is very tempting to forget when you work for the government focused upon trying to increase… Read More
Hiring tumbled in February, with U.S. employers adding just 20,000 jobs, the smallest monthly gain in nearly a year and a half. The slowdown in hiring, though, might have been depressed by harsh winter weather and the partial shutdown of the government. Last month’s weak gain came after employers had… Read More
Friday, Ohio’s private economic development corporation, JobsOhio, released their annual report for 2018. The report assessed current projects, jobs created, jobs maintained, and lastly, capital investments. By these metrics, 2018 appeared to be a strong year for Ohio. However, there are qualifiers to their findings. Overall, by JobsOhio assessment, the organization… Read More
by Steve Cortes The booming U.S. economy is proving the Democrats wrong yet again — liberals keep predicting a recession, but businesses just keep on hiring. According to the recently published data from the Department of Labor, nonfarm payrolls surged by 304,000 jobs in January, nearly doubling the 165,000 jobs that… Read More
While 2018 was, overall, steady for job growth, the year ended on a sour note for the Buckeye State. The Ohio jobs report for December 2018 has been released and it appears to have been a disappointing month. While unemployment remained at an unchanged 4.6 percent from November to December,… Read More
2018 was one of the best economic years for America in decades. The coup de grâce came in December with a jobs report that shattered the most generous expectations by more than double. 312,000 new jobs were added to the US economy. While unemployment rose slightly, this was primarily due to… Read More