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Keyword: jobs

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  • Tariffs Were Killing New Zealand’s Economy. Free Trade Turned It Around.

    03/22/2018 9:08:44 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Daily Signal ^ | March 16, 2018 | Patrick Tyrrell and Caleb Pascoe
    The new tariffs announced by President Donald Trump have generated intense controversy. With the debate ongoing, it might be useful to examine how other countries have dealt with similar policy debates in the past. New Zealand now ranks third in The Heritage Foundation’s Index of Economic Freedom and is one of the champions of economic freedom around the world. But it wasn’t always so. In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. In response, the government...
  • Trump's China tariffs aren't crazy

    03/22/2018 11:29:48 AM PDT · by SoFloFreeper · 10 replies
    3/22/18 | R Newman
    ....Most trade experts see little economic justification for those tariffs, and a bevy of loopholes Trump included.... Trump is on firmer ground with his plan to impose tariffs on $50 billion worth of Chinese imports. “The goal is to get China to treat U.S. companies in China the way we treat Chinese companies in our market,” a senior Trump administration official told reporters on March 22. A forthcoming government report, he said, “clearly demonstrates there are unfair practices by China as it relates to their efforts to acquire US technology and to favor their companies over US companies.” Unlike the...
  • Job Openings Hit New Record [semi-satire]

    03/21/2018 9:54:09 AM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 18 Mar 2018 | John Semmens
    This week the US Bureau of Labor Statistics reported that job openings increased to a record 6.3 million. The number of openings now equals the number of currently unemployed Americans. House Minority Leader Nancy Pelosi (D-Calif) assailed these statistics, saying "this is the economic disaster our Party tried to avert, but the GOP rammed through their tax cut, which as we now see, has created a serious labor shortage. Millions of unemployed Americans will now be pressured into taking jobs they'd rather not do." Pelosi also contended that "these statistics validate the foolishness of the Administration's determination to throttle immigration....
  • Oh No! We are Running Out of People (Well, Not Quite)

    03/20/2018 9:00:29 AM PDT · by SeekAndFind · 6 replies
    Mish Talk Global Economic Trend Analysis ^ | 03/20/2018 | Mike Shedlock
    Barring a recession, it appears the US is running out of people. We aren't. The chart is misleading. The Wall Street Journal asks Is America Running Out of Unemployed People to Fill Jobs? For every job opening in America, there’s now barely more than one unemployed person available to take it. In mid-2015, there were 2.3 million more unemployed people than open jobs. By January, the gap had narrowed to 372,000. Pool of Potential Workers There is a huge pool of workers as shown by the following Advisor Perspectives chart on the Labor Force Participation Rate. In every age group...
  • Job openings surge to a record 6.3 million, Labor Department says

    03/16/2018 9:54:45 AM PDT · by SeekAndFind · 4 replies
    CNBC ^ | 03/16/2018 | Jeff Cox
    Job openings in the U.S. surged to a record 6.3 million, according to the most recent count from the Bureau of Labor Statistics. The number of new positions surged by 645,000 as of the end of January, a new high for the Job Openings and Labor Turnover Survey. The metric gets close attention from Federal Reserve policymakers when gauging the economy and the appropriate monetary policy response. The report suggests slack remains in the labor market, as employers continue to hire and the pool of available jobs grows. Most of the openings came in the private sector, which saw 608,000...
  • Job-Creation Gap Widens Economic Red State-Blue State Divide

    03/16/2018 7:00:31 AM PDT · by SeekAndFind · 37 replies
    PJ Media ^ | 03/16/2018 | Simon Constable
    The U.S. isn’t just politically divided -- it’s also economically divided. New research says the two go hand-in-glove together. There are the haves and the have-nots. Increasingly, the red states, which tend to vote Republican, are trailing far behind the blue states, which tend to vote Democrat, according to a recently published study. Worse still, the divide is getting wider. This economic chasm helps explain president Trump’s rise to power, and why he could hold on to it longer than his detractors think possible. “Generally, red states or the red areas of the country are lagging blue areas for employment...
  • Republic Steel plans restart of plant, bringing back 1K jobs

    03/14/2018 5:52:05 PM PDT · by Libloather · 36 replies
    Idaho Statesman ^ | 3/10/18 | AP
    LORAIN, OHIO Republic Steel says it plans to restart a northeast Ohio steel plant that could bring back more than 1,000 jobs in response to President Donald Trump's tariffs on steel and aluminum imports. The Elyria Chronicle-Telegram reports Republic Steel announced Thursday that it's "positioned" to restart its Lorain facility in the coming months. Plans include restarting its idled electric arc furnace, casters and rolling mills. The Canton-based company said in a news release that it's ready to respond quickly to increased demand for steel in the U.S. The company says with its open capacity at a melt shop in...
  • All that optimism for hot first-quarter economic growth is rapidly fading away

    03/14/2018 1:06:52 PM PDT · by SoFloFreeper · 16 replies
    cnbc ^ | 3/14/18 | Jeff Cox
    Back in late January the Atlanta Fed was calling for a 5.4 percent GDP gain, but on Wednesday it said growth likely will be just 1.9 percent.
  • Trump Tariffs Cost 5 Jobs for Single Job Gained, Analysis Finds

    03/12/2018 10:25:15 AM PDT · by Tolerance Sucks Rocks · 113 replies
    The Daily Signal ^ | March 9, 2018 | Fred Lucas
    The Trump administrationÂ’s new tariffs on steel and aluminum from abroad could result in more than five jobs lost for every single job gained, according to an analysis from a group that advocates free trade.The job losses will be direct and indirect, as price hikes will hit American companies that buy international steel to make screws, wires, and machines, Laura M. Baughman, president of the Trade Partnership, said Friday during a Heritage Foundation event.The Trade Partnership anticipates a net loss of 146,000 U.S. jobs, Baughman said.On Thursday, President Donald Trump announced steel tariffs of 25 percent and aluminum tariffs of...
  • Labor force participation increase is biggest since 2003 as many Americans finally get back to work

    03/09/2018 12:02:28 PM PST · by SeekAndFind · 27 replies
    CNBC ^ | 03/09/2018 | Jeff Cox
    The U.S. economy did more than give jobs to 313,000 in February — it brought nearly three times that amount off the sidelines, where more than 95 million Americans still sit. Inside the glittering nonfarm payrolls report the Bureau of Labor Statistics released Friday were some even more inspiring numbers. Skilled labor positions surged with big increases in construction and manufacturing, which has seen its best three-month period since 1984. On a bigger-picture level, there was even more. The labor force surged by 806,000, the biggest move since September 2003, and now sits just below 162 million. That's due to...
  • Hiring surge adds 313K jobs in February, most in 1 ½ years

    03/09/2018 5:38:11 AM PST · by RoosterRedux · 47 replies
    abcnews/AP ^ | Christopher Rugaber
    US employers went on a hiring binge last month, adding 313,000 jobs, the most since July 2016, and drawing hundreds of thousands of people into the job market. The Labor Department says wage gains, meanwhile, fell from the previous month to 2.6 percent year-over-year growth. Strong hourly wage growth had spooked markets in February because it raised the specter of inflation. But January's figure was revised one-tenth of a point lower to 2.8 percent. The influx of new workers kept the unemployment rate unchanged at 4.1 percent.
  • U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

    03/07/2018 10:53:50 AM PST · by Red Badger · 48 replies ^ | Updated March 7, 2018 11:35 a.m. ET | By Allison Prang and Bob Tita
    The company plans to call back about 500 employees United States Steel Corp. X +4.25% said it would restart a blast furnace in Illinois to handle the higher demand it expects from President Donald Trump’s proposed tariffs on foreign steel. The steelmaker said it also plans to call 500 employees back to work at the Granite City mill. U.S. Steel idled its blast furnaces there two years ago as a flood of cheap imports pushed down domestic steel prices. Steel producers have been hurt in recent years by increasing competition from foreign competitors, particularly China, that have ramped up production...
  • After disavowing the NRA, these companies' favorability ratings all plummeted

    02/28/2018 8:57:08 AM PST · by SoFloFreeper · 24 replies
    the week ^ | 2/28/19
    ....there are consequences for businesses that decide to cut ties with the NRA, a new Morning Consult poll has found. Rental car companies like Enterprise, Alamo, and National all saw their unfavorability ratings more than double when people were told about the companies' decision to end NRA discounts after the Parkland, Florida, high school shooting. Likewise, insurance company MetLife Inc. had a 45 percent favorable rating and a 12 percent unfavorable rating before survey participants learned it ended its discount for NRA members. Afterwards, the unfavorable rating doubled to 24 percent...
  • Jobless claims plunge to 222,000, second-lowest mark in decades

    02/22/2018 9:45:08 AM PST · by Red Badger · 20 replies ^ | 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 ^ | 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 ^ | 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 ^ | 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.