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Keyword: jobs

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  • Jobless claims plunge to 222,000, second-lowest mark in decades

    02/22/2018 9:45:08 AM PST · by Red Badger · 20 replies
    www.washingtonexaminer.com ^ | 02/22/2018 | by Joseph Lawler
    New applications for unemployment benefits dropped 7,000 to 222,000 in the second full week of February, the Department of Labor reported Thursday, the second-lowest mark of the recovery and a good sign for the economy. Forecasters had expected new jobless claims to remain steady at an ultra-low 230,000. Lower claims are good news because they mean fewer people are getting laid off. Thursday's mark is the lowest since the early 1970s, setting aside the week of January 13, when claims touched as low as 216,000. The report should raise expectations for a very strong jobs report for the month of...
  • Note To 'Experts': Obama Is Not a Top 10 President

    02/21/2018 9:44:30 PM PST · by Kaslin · 34 replies
    Townhall.com ^ | February 22, 2018 | Matt Margolis
    When "presidential politics experts" ranked all presidents, past and current, the headlines typically focused on Trump’s position at the bottom of the list. After one year—a year with a booming economy, increased business and consumer confidence, and significant gains on the foreign policy front—they have concluded that Trump is the worst president of all time. There’s no chance of any partisan bias there, right?Trump's record is certainly up for debate, but even famed liberal pollster Nate Silver wrote off the rankings as partisan garbage in a tweet. "It speaks poorly to the field of presidential scholarship that political scientists have Trump...
  • Will Automation Kill Our Jobs?

    02/21/2018 12:41:20 PM PST · by Kaslin · 23 replies
    Townhall.com ^ | February 20, 2018 | Walter E. Williams
    A recent article in The Guardian dons the foreboding title "Robots will destroy our jobs -- and we're not ready for it." The article claims, "For every job created by robotic automation, several more will be eliminated entirely. ... This disruption will have a devastating impact on our workforce." According to an article in MIT Technology Review, business researchers Erik Brynjolfsson and Andrew McAfee believe that rapid technological change has been destroying jobs faster than it is creating them, contributing to the stagnation of median income and the growth of inequality in the United States. If technology is destroying jobs...
  • Will Automation Kill Our jobs? (Or are they creating jobs faster than they are destroying them?)

    02/20/2018 9:53:20 AM PST · by SeekAndFind · 12 replies
    Frontpage Mag ^ | 02/20/2018 | Walter Williams
    A recent article in The Guardian dons the foreboding title "Robots will destroy our jobs — and we're not ready for it." The article claims, "For every job created by robotic automation, several more will be eliminated entirely. ... This disruption will have a devastating impact on our workforce." According to an article in MIT Technology Review, business researchers Erik Brynjolfsson and Andrew McAfee believe that rapid technological change has been destroying jobs faster than it is creating them, contributing to the stagnation of median income and the growth of inequality in the United States. If technology is destroying jobs...
  • Why California Should Be More Like Alabama — Seriously

    02/18/2018 10:59:48 PM PST · by blam · 42 replies
    Orange County Register ^ | 2-19-2018 | Tom Manzo
    Alabama beats California — and no, I’m not talking about college football. Many Californians would bristle at the notion of being bested by Alabama. But employers aren’t so picky: Toyota and Mazda announced recently they’ll invest north of $1.6 billion dollars to build a new factory and create over 4,000 good-paying jobs in Limestone County, Alabama. This only increases the state’s vehicle production: In 2016, Alabama assembled over one million vehicles employing over 40,000 employees. Fifteen states were competing for the Toyota-Mazda joint venture; California was not even on the bench. Perhaps Toyota remembers its experience with GM at New...
  • Charles Barkley plans to bring more black plumbers, electricians to Alabama

    02/18/2018 10:05:55 AM PST · by boycott · 89 replies
    AL.com ^ | 2-18-2018 | Paul Gattis
    NBA Hall of Famer Charles Barkley has never been shy about discussing social issues or concerns within the black community. And during an interview with ESPN, Barkley talked about efforts he is making to improve life for some in the black community. The comments came on the heels of opinions shared by NBA superstars LeBron James and Kevin Durant. James said that Trump "doesn't give a f--- about the people" while Durant said, "And I feel like our team, as a country, is not run by a great coach." Barkley also chimed in on Trump in the ESPN interview. "I'm...
  • Jobless claims drop 9,000 to 221,000, remain near 45-year low

    02/08/2018 4:54:07 PM PST · by markomalley · 6 replies
    Marketwatch ^ | 2/8/18 | Jeffrey Bartash
    The numbers: Initial U.S. jobless claims fell by 9,000 to 221,000 in the seven days ended Feb 3. Economists surveyed by MarketWatch forecast a 235,000 reading.The more stable monthly average of claims declined by 10,000 to 224,500, the government said Thursday. That’s the lowest level since March 1973.The number of people already collecting unemployment benefits, known as continuing claims, dropped by 33,000 to 1.92 million.What happened: Missouri, California and New York saw big declines in unadjusted jobless claims, but in most states there was little change.
  • Chipotle, citing tax changes, sends bonuses, ups benefits

    02/08/2018 6:50:33 AM PST · by SoFloFreeper · 7 replies
    ABC ^ | 2/7/18
    Chipotle is the latest company to give out one-time cash and stock bonuses, and will broaden parental leave benefits for workers following sweeping changes to U.S. tax law.
  • U.S. jobless claims drop to near 45-year low

    02/08/2018 6:46:40 AM PST · by Red Badger · 9 replies
    yahoo.com ^ | 02/08/2018 | By Lucia Mutikani
    WASHINGTON - The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year. Initial claims for state unemployment benefits decreased 9,000 to a seasonally adjusted 221,000 for the week ended Feb. 3, the Labor Department said on Thursday. Claims fell to 216,000 in mid-January, which was the lowest level since January 1973. Economists polled by Reuters had forecast claims rising to 232,000 in the latest week. Last week marked the 153rd straight week that claims remained...
  • I Feel Terrible, but Jealous of My Friend Who Wants a Job Where I Work

    02/07/2018 3:03:59 PM PST · by Armen Hareyan · 25 replies
    eMaxHealth ^ | Feb 7, 2018 | Armen Hareyan
    He got a job with fixed term contract and told his friend. His friend also wants a job where he works and she applied for a position in the same company. She is now being interviewed for the permanent position and he is jealous. He knows it's bad. Jealousy is one of the seven deadly sins and many people are plagued with this passion. Most people will probably say no if you ask them if they are jealous of something. But they don't realize jealousy can plague us in casual life situations without us knowing about it specifically. Today I...
  • UPS makes $41 million 'strategic cross-border investment'

    02/07/2018 10:02:28 AM PST · by spintreebob · 4 replies
    Atlanta Business Chronicle ^ | 2-6-18 | Eric Mandel
    UPS said Tuesday that it is making a "strategic cross-border investment" that serves a manufacturing region across New Mexico, Texas and part of Mexico. The Atlanta-based logistics giant announced development of a new package operations center to support commercial and residential commerce in the growing North America Borderplex. The $41 million facility in El Paso, Texas adds 153,000 square feet of new processing capacity to the UPS Smart Global Logistics Network for automotive, electronics, appliances and machinery producers, according to a news release. It is expected to begin operating in late 2018. The investment stretches into Ciudad Juarez, Chihuahua, Mexico,...
  • Billions of Crumbs: Over $3 Billion in Bonuses Given to American Workers So Far..

    02/06/2018 12:42:18 PM PST · by PROCON · 9 replies
    cc.org ^ | Feb. 6, 2018 | Capitol Hill Update
    Full Title: Billions of Crumbs: Over $3 Billion in Bonuses Given to American Workers So Far Because of Tax Cuts and Jobs ActWASHINGTON, D.C. - Over $3 billion in bonuses have already gone out to American workers all over the country thanks to the Tax Cuts and Jobs Act's enactment less than two months ago, with over 300 companies passing on the savings they see under this bill to their employees with bonuses, pay raises, better benefits, and more job opportunities.These billions in bonuses come as 90% of workers across the country will begin to see higher paychecks as their...
  • Aetna projects Trump tax overhaul will add $800M to profit

    02/04/2018 6:06:55 PM PST · by SoFloFreeper · 15 replies
    Fox Business ^ | 1/30/18 | Dennis Fitzgerald
    Aetna (AET) projected Tuesday that President Donald Trump’s tax overhaul will increase the company’s gross 2018 adjusted earnings by about $800 million. ....“Continued strength within our government business and moderate medical cost trend drove our better than projected total company results in the period,” Shawn M. Guertin, Aetna executive vice president and chief financial officer, said in a statement.
  • Many older Americans are living a desperate, nomadic life

    02/04/2018 8:54:17 AM PST · by qaz123 · 164 replies
    MarketWatch ^ | 4Feb18 | Richard Eisenberg
    The “workamper” jobs range from helping harvest sugar beets to flipping burgers at baseball spring training games to Amazon’s AMZN, +2.87% “CamperForce,” seasonal employees who can walk the equivalent of 15 miles a day during Christmas season pulling items off warehouse shelves and then returning to frigid campgrounds at night. Living on less than $1,000 a month, in certain cases, some have no hot showers. As Bruder writes, these are “people who never imagined being nomads.” Many saw their savings wiped out during the Great Recession or were foreclosure victims and, writes Bruder, “felt they’d spent too long losing a...
  • Labor Department: US Added 2,553,000 Jobs Since Trump’s Election, Unemployment at 17-Year Low

    02/02/2018 11:23:23 AM PST · by Thalean · 9 replies
    National Economics Editorial ^ | Feb 2, 2018 | Editorial Staff
    Our strong economy continues to grow, as 200,000 new jobs were added in January 2018. Since Election Day 2016, American job creators have added 2,553,000 new jobs. The unemployment rate remains at a 17-year low of 4.1%. Job growth in construction was strong in January, with 36,000 new jobs created. January saw the third consecutive monthly rise in the wage growth rate, with a 2.9% 12-month increase in average hourly earnings. December 2017 wage growth rate was revised up to 2.7%; November 2017 was 2.5%. This may be the start of a welcome trend in wage gains, and marks the...
  • Dow sheds 400 pts as bond yields rise on strong jobs data

    02/02/2018 11:36:21 AM PST · by BenLurkin · 42 replies
    Rueters ^ | February 2, 2018 | Tanya Agrawal
    The Dow Jones Industrial Average dropped more than 400 points, with 10 of the 11 major S&P sectors in the red, led by the energy index’s 3.49 percent fall. Nonfarm payrolls rose by 200,000 jobs in January, the Labor Department said, beating expectation of 180,000. Average hourly earnings rose and boosted the year-on-year increase to 2.9 percent, the largest rise since June 2009. After the data, benchmark 10-year Treasury yields extended their rise to more than 2.8 percent, while traders boosted bets that the U.S. Federal Reserve will raise interest rates three times this year. Fast-rising wages could prompt more...
  • Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent

    02/01/2018 10:42:53 AM PST · by gubamyster · 26 replies
    Reuters ^ | 02/01/2018 | Staff
    NEW YORK (Reuters) - The U.S. economy is on track to grow at a 5.4 percent annualized rate in the first quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday. The latest estimate on gross domestic product was faster than the 4.2 percent growth pace calculated on Monday, the Atlanta Fed said.
  • US jobless claims unexpectedly fall as job market strengthens

    02/01/2018 7:36:58 AM PST · by SeekAndFind · 28 replies
    CNBC via Reuters ^ | 02/01/2018
    The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a tightening labor market and strengthening economy at the start of the year. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 230,000 for the week ended Jan. 27, the Labor Department said on Thursday. Data for the prior week was revised to show 2,000 fewer claims received than previously reported. Economists polled by Reuters had forecast claims rising to 238,000 in the latest week. The Labor Department said claims for Maine were estimated last week. It also said claims-taking procedures in Puerto...
  • ADP: Job Growth Hits 234,000 in January (Job Creation Boom to Kick Off 2018)

    01/31/2018 8:54:17 AM PST · by SeekAndFind · 10 replies
    US News ^ | 01/31/2018 | By Andrew Soergel, Economy Reporter
    Hot on the heels of a tax overhaul that the GOP has promised will yield stronger wage and job growth in 2018, American employers generated 234,000 new jobs in January, according to a report published Wednesday by the ADP Research Institute. The gains are a slight step down from the 242,000 jobs created in December, but they still represent the fourth consecutive month ADP has recorded job growth above 200,000 positions. Given that the U.S. is now more than eight years into its economic recovery, analysts have been impressed by the labor market's consistency over the past several months. "The...
  • The No. 1 job in America that pays over $100,000 a year

    01/28/2018 7:17:46 AM PST · by SeekAndFind · 21 replies
    MSN ^ | 01/28/2018 | Quentin Fottrell
    As companies try to understand consumer behavior, data scientists are in high demand. Boasting a median base salary of $110,000 and a job-satisfaction score of 4.4 out of 5, data scientist was ranked No. 1 on Glassdoor’s “Best Jobs in America” list in 2016, 2017 and 2018. The report released this week is based on the number of job openings, salary and overall job satisfaction. It was followed by devops engineers ($110,000 a year), which combines development, testing and operations. Nearly 40% of people, including 56% of millennials, are job hunting it added. But data scientists have competition. A separate...