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Ford Motor Co. is adding 3,000 jobs at two factories in the Detroit area and investing $1.45 billion to build new pickup trucks, SUVs, and electric and autonomous vehicles. The company said Tuesday that about $750 million will go the Michigan Assembly Plant in the Detroit suburb of Wayne, where 2,700 jobs will be added during the next three years. Another $700 million will be invested in the truck plant in Dearborn, Michigan, where 300 new jobs will be added. Hiring will begin next year.

Black, Hispanic Unemployment Rates at All-Time Lows The U.S. unemployment rate in September fell to 3.5%, the lowest level since May 1948, and total nonfarm payrolls increased by 136,000. The unemployment rate for black (5.5%) and Hispanic (3.9%) workers are at record lows. Forecasters were expecting a low of 120,000 to a high of 179,000. The consensus forecast was 145,000. However, the U.S. economy added more than 40,000 jobs than the last two jobs reports indicated. The labor force participation rate held steady at a very positive 63.2%, beating the consensus forecast expecting a 0.1% decline. The employment-population ratio, though...

Next week is National Small Business Week, but owners aren’t likely to spend it celebrating — they’ll be too busy trying to hire workers or keep the ones they have from defecting to bigger firms. With a 3.6 percent unemployment rate, the lowest since December 1969, the labor market continues to thrive. “This is a worker’s job market,” said Moody’s Analytics Chief Economist Mark Zandi. But Zandi adds that this is less-than-good news for the small companies that comprise the vast majority of U.S. businesses. “The risk or the concern would be at some point that businesses start to come...

The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday. Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate. Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. The monthly gain was 0.2%, below the expected 0.3% increase, bringing the average to $27.77. The average work week also dropped 0.1 hours to 34.4 hours. Unemployment was last this low in...

The national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force fell to a record low of 4.2% in April, U.S. Bureau of Labor Statistics (BLS) data released Friday show. In April, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.2%, down from 4.7% in March – breaking the record low of 4.3% set two months earlier in February. BLS began tracking Hispanic-Latino employment data in 1973. The number of unemployed Hispanics fell to 1,198,000 - the fewest unemployed since August of 2007 (1,190,000) and a decline of 165,000 from 1,363,000 in March...

The economy added a healthy 263,000 jobs in April, firmly beating analyst expectations of 190,000, according to Friday’s monthly snapshot from the Department of Labor. The nation's unemployment level fell to 3.6 percent, the lowest since 1969, and average hourly earnings grew by 0.2 percent, for an annual gain of 3.2 percent, according to the Bureau of Labor Statistics.

Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8 percent, according to a Bureau of Labor Statistics report Friday. That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations. Wage gains fell off the recent strong pace, increasing just 0.14 percent for the month and 3.2 percent year over year, below expectations of the 3.4 percent pace from last month. The average work week...

Filings for U.S. unemployment benefits unexpectedly fell, dropping to the lowest since December 1969, as the labor market tightened further. Jobless claims decreased to 202,000 in the week ended March 30, below all economist forecasts, Labor Department figures showed Thursday. The four-week average, a less-volatile measure, declined to 213,500, the lowest since October. The surprising drop in claims is an indication that the labor market continued to tighten, with employers holding onto workers and loathe to let them go. The level of continuing claims, which had moved up in recent months, fell the most since November in the week ended...

Toyota Motor Manufacturing will be adding 450 new jobs as part of a $288 million expansion at its Huntsville plant, officials announced Thursday. Officials said the announcement constituted the largest hiring need in the plant's history. The new investment will also include a building expansion, bringing TMM's total investment in Huntsville to $1.2 billion. The facility's annual engine capacity will increase from 670,000 to 900,000 by the end of 2021 to increase product flexibility and better accommodate market demand, according to a press release. Thursday's announcement was part of an overall $750 million investment Toyota is making at unit plants...

The Japanese auto maker said the spending would go toward adding production of two new hybrid vehicles in the U.S. and expanding plants that build engines, axles and other vehicle components. The additional investment is projected to create 600 new jobs. President Trump praised Toyota’s plans in a tweet—“BIG NEWS for U.S. Auto Workers!”—and said the investment was evidence that a trade agreement hammered out last year between the U.S., Canada and Mexico is fixing what he described as a “broken NAFTA deal.”

Volkswagen is investing $800 million in its plant in Chattanooga, Tennessee, a move that will add 1,000 jobs to the factory, the company announced Monday. It plans to build electric cars there. Volkswagen's investment in Tennessee comes weeks after General Motors announced plans to close three North American plants and shift its production focus away from sedans, to free up money to develop to electric and self-driving vehicles. The move also comes amid talks between Volkswagen and Ford about pooling resources to make the next generation of vehicles. The new Tennessee jobs and production should begin in 2022, according to the company's statement. "The US...

President Trump’s economy continues to exceed expectations, exposing the absurdity of “expert” projections of an impending economic slowdown.The overwhelmingly positive effects of President Trump’s economic policies were on full display in the most recent report from the Bureau of Labor Statistics, which revealed a healthy surge in job creation for December. According to the report, nonfarm payrolls jumped by 312,000 in the final month of 2018, with 301,000 of those new jobs coming from the private sector. In total, the U.S. has added more than 2.6 million new jobs over the past 12 months. Meanwhile, wages surged by 0.4 percent last...

Wow: The last big jobs report before Election Day brought unadulterated excellent news. Year-over-year wage growth above 3 percent for the first time in nearly a decade. Payrolls adding 250,000 new jobs, well above expectations. Unemployment unchanged at 3.7 percent, a 49-year low — and the rate would have dropped, except that more people returned to the labor force. That last is huge, for two reasons: l  First, it means Americans who had given up hope of finding work are back in the fight. That’s a major plus for society. l  Second, it suggests that the nation isn’t up against...

Today’s Campaign Update (Because The Campaign Never Ends) Sitting here on a Saturday morning wondering when Oprah and Barack are going to go up to Michigan to campaign on behalf of the single most-qualified candidate for the U.S. senate running anywhere in this election. That would be John James, a black man, who is running against the execrable Debbie Stabenow, a white woman. Ok, silly me – James is a Republican, so he doesn’t qualify as being “black” in the world of Oprah and Barack. Speaking of America’s Biggest Mistake… – A day after the Oprah campaigned on behalf of...

(CNSNews.com) - The economy is the second most important issue for registered voters as the midterm election nears, a new Gallup Poll says. And there was very good economic news on Friday, as the Labor Department's Bureau of Labor Statistics rolled out the October employment report -- the final one before next week's midterm election. The number of employed Americans has never been higher. The 156,562,000 Americans employed in October is the twefth record set under President Donald Trump. In October, the number of employed men age 20 and up -- 80,405,000 -- set the 12th record since Trump took...

unemployment remains the same but: wages growth increasing at 3.1% annually U6 at 7% i did not hear the job participation rate...

The September jobs numbers are the 2018 United States economy in a nutshell: Even when an economic report is bad these days, it’s actually pretty good. When the latest numbers first were broadcast at 8:30 a.m. Friday, it looked like a big disappointment. Employers added only 134,000 jobs to their payrolls last month, well below the levels of recent months and well below what forecasters had projected. But even apart from the usual warnings about statistical error and randomness (the true rate of job creation could turn out to be either much higher or much lower), the numbers are a...

ShayoNano USA, Inc., an innovative developer of advanced materials, plans to construct a new manufacturing facility in Chester County, South Carolina. The company’s $14.7 million capital investment is projected to bring approximately 40 new jobs to the community. The company is a manufacturer and provider of nanomaterials, such as synthesizing additives that improve the profitability and performance of a variety of products. The company harnesses its unique, patented technology to support a range of uses, including paints and coatings, fire retardants, nanocomposites and more. Located at 564 Ecology Lane in Chester, ShayoNano’s new, 23,000-square-foot manufacturing facility is projected to start...

<p>LOUISVILLE, Ky. (AP) – Churchill Downs Inc. says it will hire up to 200 employees ahead of opening its new Louisville gaming facility.</p> <p>The Derby City Gaming facility will feature 900 historical racing machines. The electronic gaming machines allow people to bet on races that have already taken place. The games typically show video of condensed horse races.</p>

President Trump traveled to Granite City, Illinois to speak to steelworkers at the US Steel plant that reopened this year. Since President Trump enacted tariffs on foreign steel imports U.S. Steel has decided to restart both furnaces, meaning the return of 800 jobs. This afternoon local KSDK reporter spoke with one of the steelworkers at the Granite City plant. The man says he is a third generation steelworker and was out of work for two-and-a-half years. He then cries as he talks about President Trump and the life he has brought back to this eastern Illinois community. US Steel Worker:...