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Keyword: jobs

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  • Jobless Claims Plummet to Lowest Level Since February 1973

    01/18/2018 7:41:49 AM PST · by gubamyster · 15 replies
    Peoples Pundit Daily ^ | 01/18/2018 | Staff
    The Labor Department said first-time claims for unemployment benefits fell 41,000 to 220,000 for the week ending January 13, 2018. That’s the lowest level for jobless claims since February 24, 1973 when it was 218,000. The previous week was unrevised at 261,000. The 4-week moving average was 244,500, a decrease of 6,250 from the previous week’s unrevised average of 250,750. Lagging data for continuing claims showed the advance unadjusted insured unemployment rate was 1.7% during the week ending January 6, an increase of 0.1 percentage point from the prior week. That number is highly likely to return to its historic...
  • Jobless Claims Plunge to Lowest Weekly Tally Since 1973

    01/18/2018 6:02:04 AM PST · by neverevergiveup · 8 replies
    NewsMax Finance ^ | 1-18-2018
    U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week Ended Jan. 13) Jobless claims decreased by 41k to 220k (est. 249k); lowest level since Feb. 1973, biggest drop since Dec. 2008 Continuing claims rose by 76k to 1.952m in week ended Jan. 6 (data reported with one-week lag) Four-week average of initial claims, a less-volatile measure than the weekly figure, fell to 244,500 from the prior week’s 250,750
  • The Ranting and Raving of Irrational Liberal Race Card-Playing Columnists

    01/12/2018 10:02:24 AM PST · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 01/12/18 | Mitch Wolfe
    Playing the race card won't pay the rent, but a good job will, in a booming economy I just love watching and reading liberal Washington Post and New York Times columnists rant and rave over what they perceive to be a racist and white supremacist president. These so-called experts see racism everywhere. Criticism of Obama’s mediocre presidency is racist. Criticism of Obamacare is racist. Criticizing some Mexicans illegally crossing into America and engaging in rapes, murders and drug-dealing is also considered racist. And more recently, criticism of such failed and corrupt states as Haiti and certain African countries as “sh*tholes”...
  • Health Care Just Became the U.S.'s Largest Employer

    01/11/2018 9:53:37 AM PST · by nickcarraway · 19 replies
    The Atlantic ^ | JAN 9, 2018 | DEREK THOMPSON
    In the American labor market, services are the new steel.This moment was inevitable. It just wasn’t supposed to happen so soon. Due to the inexorable aging of the country—and equally unstoppable growth in medical spending—it was long obvious that health-care jobs would slowly take up more and more of the economy. But in the last quarter, for the first time in history, health care has surpassed manufacturing and retail, the most significant job engines of the 20th century, to become the largest source of jobs in the U.S. In 2000, there were 7 million more workers in manufacturing than in...
  • Congresswoman Wilson condemns Trump’s “s*****e” comments

    01/12/2018 3:28:44 AM PST · by SoFloFreeper · 66 replies
    "....“His comments are yet another sign that people of color cannot count on this administration to create an agenda that treats all Americans fairly..."
  • Fiat Chrysler to invest $1 billion in Michigan plant, add 2,500 jobs

    01/11/2018 3:46:02 PM PST · by mandaladon · 33 replies
    Reuters ^ | 11 Jan 2018
    (Reuters) - Fiat Chrysler Automobiles NV FCH.MI (FCAU.N) said on Thursday it would invest more than $1 billion in its Michigan plant and add 2,500 jobs as it benefits from the overhaul of the U.S. tax code. The company said it would spend the money to modernize the Warren Truck Assembly Plant in Michigan to produce its Ram Heavy Duty trucks. The company will relocate the truck’s production from its current location in Saltillo, Mexico, to the Michigan plant in 202O. The car maker also said it would make a special bonus payment of $2,000 to about 60,000 FCA hourly...
  • Q&A: Black Activist Says Trump Policies, Unlike Obama’s, Create Jobs for Black Americans

    01/11/2018 12:59:18 PM PST · by gubamyster · 7 replies
    Daily Signal ^ | 01/10/2018 | Genevieve Wood
    Project 21’s Horace Cooper joined The Daily Signal’s Genevieve Wood to discuss the historic low unemployment rate for black Americans and how the left is co-opting Martin Luther King Jr. Day to protest tax reform and promote action for illegal immigrants covered by the DACA program. Here is an edited transcript of the video. Wood: Horace, Martin Luther King Day is coming up next week, and there has been a lot of interesting news, especially for the black community on the economic front, in this past week or so. What do you make of the numbers coming out? Cooper: The...
  • Vanity - USA through "Trump" now owns the aircraft & automobile industry across the world.

    01/11/2018 9:22:10 AM PST · by JLAGRAYFOX · 8 replies
    Last year the Boeing Aircraft Company delivered over 730 complete aircraft to operators across the world, literally destroying, Airbus, the European (European Union) aircraft manufacturer. Boeing stands alone as the greatest and largest supplier of aircraft worldwide. Boeing is also in talks to puchase Embraer aircraft, a Brazil based commuter aircraft manufacturer...and today, Boeing demonstrated a "cargo drone" that will change the world of air cargo hauling in the next five to ten years. The USA is basically doing the same thing in producing worldwide automobiles right here in the USA. Not only do we produce most "American" cars here,...
  • Number of workers receiving unemployment benefits falls to lowest level in 44 years

    01/11/2018 7:59:21 AM PST · by SeekAndFind · 12 replies
    Washington Examiner ^ | 01/10/2018 | by Joseph Lawler
    The total number of workers receiving unemployment benefits fell to the lowest level in 44 years to end 2017, the Department of Labor reported Thursday. Altogether, 1.87 million people received unemployment insurance benefits in the last week of the year, the lowest such seasonally-adjusted mark since December of 1973. Benefits are available for up to 26 weeks in most states. The low number of people utilizing unemployment insurance is a good sign for the economy. Fewer people seeking unemployment benefits suggests that fewer people are getting laid off. Total claims have scraped the lowest levels in decades several times in...
  • Good Jobs without Degrees

    01/08/2018 11:50:48 AM PST · by Academiadotorg · 56 replies
    Accuracy in Academia ^ | January 5, 2018 | Malcolm A. Kline
    We have been inundated for years with stories--indeed, books and conferences and seminars--in which we are told that it is impossible to find good jobs without a college degree. If fact, Georgetown has a center dedicated to sounding that very alarm in every way possible. Nevertheless, when you look at their data, you find that, as usual, the current wisdom on that is not necessarily the case. Amber Northern from the Thomas Fordham Institute did just that. "In looking at the national breakdown of good jobs, 55 percent of those workers hold at least a bachelor's degree," she writes. "And...
  • This jobs report stunner is EXACTLY why welfare reform has to start right now

    01/06/2018 4:28:14 AM PST · by smileyface · 42 replies
    Conservative Review ^ | Jan 5 2018 | Chris Pandolfo
    ...But there is one detail in the jobs report that suggests there is still room for improvement. The labor force participation rate, which is a measure of how many people are employed or actively seeking work compared to the whole population (not just those looking for work), is 62.7 percent. According to the report, this is “unchanged over the month and over the year.” In total numbers, there are 96,230,000 Americans who are not in the labor force, which is an increase of 456,000 since President Obama’s last year in office. ... The Trump administration is likewise set to release...
  • Tax reform: A million workers at more than 100 companies got a surprise, Gary Cohn says

    01/05/2018 9:04:23 AM PST · by gubamyster · 12 replies
    Fox Business ^ | 01/05/2017 | Matthew Wisner
    Companies have already responded to the tax reform Opens a New Window. package, announcing plans to pass along some of the savings to their employees. AT&T (T) said it would give $1,000 bonuses even before the tax plan was signed into law and other companies such as Comcast (CMCSA), U.S. Bank and Fifth Third Bancorp (FITB) have followed suit. Wells Fargo (WFC) said it will raise the minimum wage at the company to $15 an hour. White House National Economic Council Director Gary Cohn weighed in on corporate America’s response to the tax package telling FOX Business’ Stuart Varney on...
  • South Point owner giving employees $1M thanks to President Trump

    01/05/2018 8:51:48 AM PST · by gubamyster · 7 replies
    Action 13 News ^ | 01/04/2018 | Joyce Lupiani
    The owner of South Point, Michael Gaughan, has announced that he will be giving employees an extra $1M this year because of President Donald Trump's tax reform bill. “Las Vegas has experienced a significant amount of growth over the past few years, and this tax reform will continue to drive the economy for the city,” said Gaughan. “The new bill will have a monumental effect on our economy and, in turn, our property. We want to be sure that our extended family is taken care of.” He also said that employee bonuses will double this year. In addition, he is...
  • Macy’s Slashing Jobs, Closing Florida Stores

    01/05/2018 4:02:23 AM PST · by SoFloFreeper · 29 replies
    Macy’s is slashing more than 10,000 jobs to move forward with 68 store closings – including some in Florida.... .... sales at its established stores fell 2.1 percent in November and December compared to the same period....
  • Job-cut announcements in 2017 see lowest level since 1990, Challenger report says

    01/04/2018 9:29:44 AM PST · by gubamyster · 4 replies
    CNBC ^ | 01/04/2018 | Chloe Aiello
    U.S. employers announced plans to cut 32,423 jobs in December, bringing the year's total to a low not seen since 1990, global outplacement consultancy Challenger, Gray & Christmas reported Thursday. "The tight labor market, coupled with uncertainty surrounding health care and tax legislation, possibly kept employers from making any long-term staffing decisions this year," CEO John Challenger said in a statement. "However, 2018 may see an increase in job cut announcements, as companies realign with consumer demand." Cuts in 2017 totaled 418,770, 20 percent below 2016's number. In 1990, companies announced plans to cut 316,047 jobs. Last month saw 7.4...
  • U.S. private payrolls growth accelerates; jobless claims up

    01/04/2018 7:36:56 AM PST · by SeekAndFind · 7 replies
    Reuters ^ | 01/04/2018 | Lucia Mutikani
    U.S. private employers stepped up hiring in December and planned layoffs by American-based companies fell sharply, pointing to sustained labor market strength that likely keeps the Federal Reserve on course to increase interest rates in March. Other data on Thursday showed a third straight weekly rise in first-time applications for unemployment benefits, though that probably reflected volatility around the end-of-year holidays. The Labor Department said claims data for some states, including California, Massachusetts, North Carolina and Virginia, had been estimated. The labor market is near full employment, with the jobless rate at a 17-year low of 4.1 percent. “Higher jobless...
  • ‘I Can Do This’: Those Looking For Work Attend I-70 Expansion Job Fair

    12/28/2017 7:08:32 PM PST · by Tolerance Sucks Rocks · 2 replies
    CBS 4 Denver ^ | December 14, 2017 | Dominic Garcia
    DENVER (CBS4)– The Colorado Department of Transportation is gearing up for a major project that will change the landscape of Interstate 70 through the central part of Denver. The Central 70 Project will dramatically impact the community from Colorado Boulevard to Brighton Boulevard. The Colorado Department of Transportation is now hiring people who live there. “The Central 70 Project is by itself a major economic driver for the entire Denver-metro region. CDOT wanted to also ensure that these economic and job opportunities were made available to local residents,” said Shailen Bhatt, CDOT Executive Director. “CDOT is one of only a...
  • Hundreds of metro AT&T employees laid off just before Christmas

    12/23/2017 4:19:34 AM PST · by Dallas59 · 37 replies
    FOX4kc ^ | 12/20/2017 | FOX4kc
    KANSAS CITY, Mo. -- AT&T has announced layoff’s affecting people in five states, including Missouri. Just days before Christmas, hundreds of people in the metro found out they will be out of jobs come Jan. 4. On Dec. 16, the company announced a surplus affecting an estimated 600 employees in Illinois, Wisconsin, Missouri, Michigan, Indiana and Ohio. The workers affected are both indoor and outdoor technicians. Many of the layoffs in the metro area affect Direct TV technicians and employees at a local call center. On Thursday, leaders of the Local 6360 Union held a meeting to offer help and...
  • Feds Keep Proposed Minnesota Copper Mine Plan Alive

    12/22/2017 8:55:46 PM PST · by ButThreeLeftsDo · 15 replies ^ | 112/22/17 | AP
    The Trump administration has resurrected an effort to build the proposed Twin Metals copper-nickel mine in northeastern Minnesota. Last December, the Obama administration declined to renew the long-standing leases that the company needs for the underground mine it wants to build near Ely. But an in opinion published Friday, a top attorney at the U.S. Interior Department concluded the Bureau of Land Management erred last year when it concluded that BLM had the power to grant or deny the lease renewals. Minnesota Public Radio News reports the reversal means the BLM and the U.S. Forest Service must reconsider Twin Metals'...
  • Nolte: 7 Amazing Facts About Trump’s Economy Media Don’t Want You to Know

    12/19/2017 9:46:46 AM PST · by davikkm · 17 replies
    breitbart ^ | JOHN NOLTE
    Now that we are a full year into President Trump’s increasingly consequential first term, it is long past time to give him complete ownership of the American economy. If it seems odd to do so after only a year, that is due to former President Barack Obama, who never stopped blaming his predecessor for a recovery that never arrived because Obama could not stop sabotaging it with his anti-growth policies and anti-free market rhetoric. Even lying conspiracy theorists in the media and Democrat Party backed by a special prosecutor, even the gale force wind of hate and lies, have not...