Alaska Jobless Rate Is 75% Above National Average
The jobless rate in America has dropped to a five-decade low of 3.5%. In some states, that figure is well below 3%. A notable exception to the trend is Alaska, ...Read Full Story »
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Will Trade Deal Bring Back Millions of Jobs Lost to China?
There is a widely held belief that as American companies turned to inexpensive manufacturing in China, millions of workers in the United States lost their jobs. This was particularly true ...Read Full Story »
Black Unemployment Rates Nearly 70% Higher Than National Average
Job growth slowed in December. Total nonfarm payrolls rose by 145,000 for the final month of 2019. The national unemployment rate was 3.5% once again, among the lowest levels in ...Read Full Story »
Want to Lose Your Job to Automation? Move to Las Vegas.
If you live and work in Las Vegas, there is a one in three chance you will lose your job to automation. If you are replaced, it will be by ...Read Full Story »
Jobless Rate in This City Is Barely Above 1%
America has enjoyed its lowest unemployment in five decades as the national figure has fallen to 3.3% in recent months. According to new data from the Bureau of Labor Statistics, ...Read Full Story »
Why Lost Jobs and Opioids Affected Coal Miners and Autoworkers Differently
In the five-year period following the closure of an automobile manufacturing plant, deaths from opioid abuse in areas affected by the closures rose by 85%, from 12 per 100,000 population ...Read Full Story »
2019 Job Losses Soar at Automakers, Manufacturers, Tech Firms
The outplacement firm of Challenger, Gray & Christmas on Thursday released its job-cuts report for December. A total of 32,843 planned U.S. job cuts were announced in the month, a ...Read Full Story »
US Steel Cuts Dividend, Halts Buybacks, Chops Up to 1500 Jobs
In separate announcements Thursday after markets had closed, United States Steel Corp. (NYSE: X) announced that it plans to shut down a "significant portion" of its Great Lakes Works and ...Read Full Story »
Will Rising Labor Costs Cripple the US Car Companies?
The United Automobile Workers (UAW) has reasonably asked the three U.S. car companies for better worker compensation. All three have had several years of strong financial performance, particularly in America. ...Read Full Story »
Are High-Tech Enclaves Inevitable?
The example of cities like San Jose, Seattle and Austin that attract thousands of highly skilled and highly paid workers is one that many U.S. cities have tried to emulate ...Read Full Story »
Voting Ends Friday on UAW-GM Contract Deal; Ford, Chrysler Turns Coming
The United Auto Workers strike against General Motors Co. (NYSE: GM) has lasted for 39 days so far, but early unofficial tallies show that union workers are mostly coming down ...Read Full Story »
Former WeWork CEO Neumann Won’t Give Part of His $1 Billion to Laid-Off Workers
The bailout of mammoth temporary office space rental phenom WeWork has been put into place. Its largest shareholder, Softbank, will take control. Through a series of loans and equity purchases, ...Read Full Story »
Will a $3 Billion-Plus Cost for the GM Strike Be Worth It?
General Motors Co. (NYSE: GM) reportedly has finalized a settlement to end a multiweek strike by the United Auto Workers (UAW) union. As of midday on October 17, neither a ...Read Full Story »
GM, Union Reach Tentative Deal but Strike May Not End
In a statement loaded with qualifiers, United Autoworkers (UAW) Vice President Terry Dittes announced "the achievement of a Proposed Tentative Agreement" with General Motors Co. (NYSE: GM). Union negotiators voted ...Read Full Story »
Job Openings and Quits Show Signs of Less Robust Job Market
The media reports that recession risks are rising every day. If a recession is going to arrive, it's going to take a major blow to the consumer — and the ...Read Full Story »
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