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Jobs Tag

Posted by Mary Chastain on September 06, 2019 32 Comments
Yikes. The August jobs report is less than stellar as the economy only added 130,000 jobs in the month. To make matters worse, a lot of those jobs were temporary jobs for the 2020 census. But one jobs report should not cause a freakout. Unemployment remains at 3.7% while reports from earlier this week showed consumer spending continues to climb.

Posted by Mary Chastain on August 02, 2019 6 Comments
The economy added 164,000 jobs in July while unemployment held steady at 3.7%. Annual wage growth went up to 3.2%. Overall the report satisfied analysts and economists since it almost fell in line with expectations. It shows a healthy economy despite a slight slowdown.

Posted by Mary Chastain on March 08, 2019 16 Comments
Holy cow, what a drop off. The February jobs report shows the economy only added 20,000 jobs last month. Experts predicted 180,000 jobs. However, the unemployment rate fell to 3.8%.

Posted by Mary Chastain on March 01, 2019 36 Comments
Unions and Democrat politicians asked Amazon to come back to Long Island City, Queens, in an open letter in The New York Times. They wrote:
New Yorkers do not want to give up on the 25,000 permanent jobs, 11,000 union construction and maintenance jobs, and $28 billion in new tax revenues that Amazon was prepared to bring to our state. A clear majority of New Yorkers support this project and were disappointed by your decision not to proceed. We understand that becoming home to the world’s industry leader in e-commerce, logistics and web services would be a tremendous boost for our state’s technology industry, which is our fastest growing generator of new jobs. As representatives of a wide range of government, business, labor and community interests, we urge you to reconsider, so that we can move forward together.

Posted by Mary Chastain on February 28, 2019 9 Comments
The gross domestic product (GDP) in the last quarter of 2018 grew 2.6%, which exceeded expectations. This is the first time since President George W. Bush that we had four straight quarters with GDP growth 2% and up. Experts thought the GDP, "a broad measure of the goods and services produced across the U.S.," would land at 2.2%.

Posted by Mary Chastain on February 01, 2019 16 Comments
The economy added 304,000 jobs in January, the 100th month in a row with growth. Experts predicted only 107,000 jobs in January. Labor force participation (LFP) is the highest it's been since 2014 at 63.2%. Average hourly wages only grew by 0.1%, but overall it's up 3.2% from a year ago. The unemployment went up slightly from 3.9% to 4%.

Posted by Mary Chastain on November 09, 2018 9 Comments
Bloomberg has reported that more senior citizens have entered the fast-food market as those restaurant chains have actively aimed to recruit this age demographic. Yes, the job market is tight, but the senior citizens have what teenagers lack: social skills and punctuality.

Posted by Mary Chastain on August 30, 2018 15 Comments
The Department of Labor's Job Corps program receives an annual budget of $1.7 billion dollars. You'd think a program that is a sacred cow to people on both sides of the aisle and with that budget pushes out success after success. Nope. This Great Society program birthed by JFK's brother-in-law R. Sargent Shriver has turned into a money pit, a waste of that taxpayer money, according to those close to the program who spoke to The New York Times:
“Job Corps doesn’t work,” said Teresa Sanders, a former teacher at the North Texas center who quit in frustration in 2015 after a rash of violent episodes inside the center, but who keeps in touch with dozens of former students through a Facebook page. “The adults are making money, the politicians are getting photo ops. But we are all failing the students.”

Posted by Mary Chastain on August 28, 2018 7 Comments
Overall the jobs reports during President Donald Trump have shown stellar economic growth with low unemployment and almost more jobs than job seekers. More jobs means more money for people, which means more money poured into the economy. More news came out today as the research group The Conference Board revealed that consumer confidence is the highest its been since October 2000.
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