Tag: Jobs

Job Market Continues Hot Streak Despite Persistent Layoffs

Georgia Star News Staff
Job Interview

The U.S. added 303,000 nonfarm payroll jobs in March as the unemployment rate ticked down to 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists anticipated that the country would add 200,000 jobs in March compared to the 275,000 jobs that were added in initial estimates for February, and that the unemployment rate would remain unchanged at 3.9%, according to Reuters. The job gains are in spite of persistent layoffs that reached a 14-month peak in March at 90,309.

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Georgia’s Unemployment Rate Remains Flat in February

The Center Square
Blue Collar Work

Georgia’s February unemployment rate remained unchanged from the revised January rate, labor officials said Thursday.

State officials said the Peach State’s 3.1% unemployment rate is below the national rate of 3.9%. Last week, state officials said Georgia’s January unemployment rate dropped to 3.1%, the first drop in more than a year after holding at 3.2% in 2023.

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Job Gains Surge for Another Month as Unemployment Ticks Up

Georgia Star News Staff
Office Work

The U.S. added 275,000 nonfarm payroll jobs in February as the unemployment rate ticked up to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists anticipated that the country would add 200,000 jobs in February compared to the 353,000 that were added in January, and that the unemployment rate would remain at 3.7%, according to Reuters. The job gains were announced two days after Jerome Powell, chair of the Federal Reserve, told the House Financial Services Committee in its semi-annual monetary policy report that he does not believe that there is evidence for a recession, meaning rate cuts could be on the horizon.

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Army Cutting Thousands of Jobs in Preparation for Possible Future War

Georgia Star News Staff
Army Members

The United States Army is reducing its size by about 5%, cutting roughly 24,000 jobs, as part of a restructuring plan that is ostensibly meant to better prepare for a possible war in the future.

As ABC News reports, the cuts will mostly affect posts that are already empty, such as counterinsurgency jobs that were previously needed in countries like Iraq and Afghanistan but no longer needed today, as well as about 3,000 jobs in the Army special operations forces.

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Part-Time Jobs Are Booming Under Biden as Americans Look to Make Ends Meet

Georgia Star News Staff
Uber Driver

More Americans are having to take part-time jobs as consumers struggle with economic factors like high inflation, while full-time employment has sunk in tandem, according to data from the Bureau of Labor Statistics (BLS).

Around 133,196,000 workers were employed with full-time jobs in the U.S. in December, which was down from 134,727,000 in November — a drop of more than 1.5 million, according to the BLS. During that same time frame, the number of Americans employed in part-time positions rose by 762,000, while the number of people with multiple jobs increased by 222,000.

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Commentary: An Economic Bill of Rights for the 21st Century

Georgia Star News Staff
Manual Labor

Beginning April 1, the minimum wage for employees working in California’s fast food chains and health care industries will rise to $20 per hour and, in some cases, up to $23 per hour. Many employers managing independent restaurants, retail, and other industries will have to match the higher hourly rate to retain employees. And for hourly employees whose wages are indexed to the minimum wage, mostly in California’s unionized public sector, wages will rise proportionately.

There is no national consensus on the impact of minimum-wage laws. It is part of a much larger debate over what constitutes an optimal economic environment to enable, quoting from Franklin Delano Roosevelt, “economic security and independence.”

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Government Employees Exceed 23 Million for the First Time

Georgia Star News Staff
Government Workers

Government employees in the United States topped 23 million for the first time in December, according to the employment numbers released today by the Bureau of Labor Statistics.

In November, according to BLS, there were 22,951,000 people employed by the local, state and federal governments in the United States. In December, there were 23,003,000.

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Job Growth Remains Cool Despite Boost from Returning Strikers

Georgia Star News Staff

The U.S. added 199,000 nonfarm payroll jobs in November as the unemployment rate ticked down to 3.7%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists had anticipated that the country would add 180,000 jobs in November compared to the 150,000 jobs that were added in October and that the unemployment rate would remain at 3.9%, according to Reuters. The number of jobs added in the month was boosted due to the resumption of work by autoworkers and actors who participated in the recent strikes.

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Commentary: Bidenomics Is The Grinch Who Stole Christmas

Georgia Star News Staff

The labor market continues to soften, with 199,000 jobs created last month, well below the recent average. Real job creation is far lower than this topline number suggests. Nearly 50,000 jobs were unproductive government jobs, continuing the trend of disproportionately high government job growth. The return of striking auto workers accounted for about 30,000 jobs. And 77,000 jobs were created in healthcare, which is a quasi-government industry. That leaves only about 40,000 jobs created in the real economy.

Real wages continue to stagnate, growing at the same rate as core inflation following significant declines in the first two years of Biden’s presidency. As usual, job creation in previous months was revised down in today’s report. Nearly one million more Americans are unemployed since April.

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Commentary: Jobs Report Shows Cracks in Labor Market That Could Bring Down the Entire Economy

Georgia Star News Staff

Cracks in the labor market and the broader economy continue to emerge. The October jobs report released Friday morning reveals that only 150,000 jobs were created last month, below expectations and well below the recent average. August and September job creation was revised down by more than 100,000, taking the sheen off the September jobs report.

The unemployment rate rose to 3.9%. While this figure is still low, there are now nearly one million more unemployed Americans than in April of this year.

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America Adds over 300,000 Jobs in September as Interest Rates Remain Elevated

Georgia Star News Staff

The U.S. added 336,000 nonfarm payroll jobs in September as the unemployment rate remained at 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday.

Economists had anticipated that the country would add 170,000 jobs in September compared to 187,000 in August and that the unemployment rate would slide down to 3.7% from 3.8%, according to Reuters. Private employment data for September showed that only 89,000 jobs were added for the month, as the professional and business services, trade, transportations and utilities and manufacturing services sectors all had substantial losses, according to ADP.

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Georgia Unemployment Remains Below National Average as Initial Claims Rise

The Center Square

Georgia’s July unemployment rate was 3.2%, unchanged from June’s revised rate, even as more Georgians filed initial unemployment claims.

The state’s unemployment rate is also lower than the national unemployment rate of 3.5%. In July, Georgians filed 31,410 initial claims for unemployment benefits, up 34%, or 7,933, from a month earlier and 2,865 from last year.

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Economic Development in Georgia Breaks Records for Third Year in a Row

Kaitlin Housler

The State of Georgia broke records for the third year in a row in regards to economic development as total investments in facility expansions and new locations totaled more than $24 billion during fiscal year 2023 (FY23).

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Commentary: Bidenomics Is Pouring Cold Water on the Labor Market

Georgia Star News Staff

Friday’s jobs numbers show the labor market is softening due to Bidenomics and Bidenflation. Only 187,000 jobs were created last month. That’s below expectations, 40% less than the 12-month average, and the lowest level since the pandemic. Previous months’ employment growth was also revised down significantly, taking the sheen off recent jobs reports.

Average wages grew slower than core inflation, meaning Americans’ real wages and living standards remain stagnant. Friday’s numbers come on the heels of this week’s JOLTS report showing the fewest number of job openings and the fewest number of Americans quitting their jobs since the pandemic.

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Kia Announces Upgrade, Jobs at Georgia Plant

The Center Square

Kia plans to spend more than $200 million to accommodate the assembly of its new electric SUV at its west Georgia facility.

State officials said the project will create roughly 200 new jobs at Kia’s West Point plant, Kia Corporation’s first manufacturing site in North America. When assembly of the EV9 starts in the second quarter of 2024, it will be the fifth model to be assembled at Kia Georgia.

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Commentary: As Hiring Slows Down, So Does the Economy

Georgia Star News Staff

The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent.

Historically, when hiring slows down by establishments, that usually coincides with economic slowdowns and recessions. In the recent cycle, the 2020 and 2021 recovery from COVID notwithstanding, hiring peaked at about 5.2 percent annualized increase in Feb. 2022. Now, it’s down to 2.5 percent.

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Commentary: As Hiring Slows Down, So Does the Economy

Georgia Star News Staff

The U.S. economy added 209,000 jobs in June, according to the latest establishment survey by the Bureau of Labor Statistics, less than expected as 306,000 were added in May, as hiring slowed down nationwide. Meanwhile, the unemployment rate remained about the same at 3.6 percent.

Historically, when hiring slows down by establishments, that usually coincides with economic slowdowns and recessions. In the recent cycle, the 2020 and 2021 recovery from Covid notwithstanding, hiring peaked at about 5.2 percent annualized increase in Feb. 2022. Now, it’s down to 2.5 percent.

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Automotive Parts Manufacturer Plans Facility in Georgia

The Center Square

An automotive parts manufacturer plans to establish a new facility in Henry County, and the state is offering “customized training services” as part of the project.

NVH Korea plans to spend $72 million on the Locust Grove facility and create more than 160 jobs. The new facility at Gardner Logistics Park on Colvin Drive will supply battery parts for electric vehicles in the United States.

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Plastic Manufacturer Announces $6.9 Million Investment Project in Georgia’s Washington County

Kaitlin Housler

PVS Plastics Technology Corporation officials recently announced that the company will invest $6.9 million to establish its second U.S. facility in Johnson City.

PVS, which describes itself as an “environmentally friendly plastics company,” is based in Niedernhall, Germany. The company specializes in manufacturing electric motor and fan components for the automotive and commercial HVAC industries.

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Electric Vehicle Parts Manufacturer Announces $18 Million Investment in Dublin-Laurens County

Kaitlin Housler

Woory Industrial Company, Ltd., an automotive parts manufacturer, recently announced that it will establish a new manufacturing facility in Dublin as its first U.S. manufacturing location.

Woory is a Korea-based company that develops and produces HVAC auto components for all types of vehicles, including electric and internal combustion engine vehicles, and eco-friendly and hydrogen-fueled cars.

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Three Investment Projects Coming to Georgia Totaling $1.59 Billion Announced Last Month

Kaitlin Housler

During the month of May, the Georgia Department of Economic Development (GDEcD) announced that three companies are investing a combined total of $1.59 billion to establish new business operations in the Peach State.

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Economy Added 339K Jobs in May, Nearly Double Wall Street Expectations

Just the News

U.S. employers have added roughly 339,000 jobs in May, and the monthly unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April, according to a Labor Department report released Friday.

Average hourly earnings rose 0.3% for the month while on an annual basis, wages increased 4.3%, which was a 0.1 percentage point under the estimate.

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Commentary: Don’t Believe The Jobs Day Hype — Americans Are Still Getting Poorer

Georgia Star News Staff

Friday’s jobs report shows 339,000 jobs were created in May, beating expectations again. While Democrats and the media celebrate, the labor market condition is not as strong as this topline number suggests.

The report shows that real wages continue to decline. For the 26th consecutive month, average wages grew slower than inflation. The Biden presidency will forever be marked as one where Americans got poorer and saw their living standards decline.

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Report: U.S. Economic Development Departments Pay Big Money for Few Gains

The Center Square

While billion-dollar economic development incentives are heavily expanding across the country, the agencies in charge of handing out those incentives claim to create or retain 625,000 jobs in their most recent fiscal years, according to a new report.

The Center for Economic Accountability tallied up the jobs claimed as part of incentive packages in the 50 states and Washington, D.C. and found job total would be less than 5% of the 15 million to 17 million jobs naturally created in the United States economy each year.

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Commentary: The Biden Admin Doesn’t Care About Creating Jobs – They Even Say So

Admin

Department of Interior Secretary Deb Haaland said the quiet part out loud last week. As the executive of our public lands agency, she does not believe that Americans need jobs because there are already so many jobs available. It’s better to lock up land, and lock down mining because who wants those jobs, when there are so many others?

Before the U.S. Senate Energy and Natural Resources Committee, Haaland told Sen. Josh Hawley, “Senator, I know that there’s like 1.9 jobs for every American in the country right now. So, I know there’s a lot of jobs,” which was her explanation for canceling cobalt mining permits for Twin Metals Minnesota, an underground mine proposed for the northeastern part of the state. America won’t need those jobs, she was saying.

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Critics Blast Biden After Federal Report Shows Killing Keystone Pipeline Cost Thousands of Jobs

The Center Square

The Biden administration has drawn fire for admitting that killing the Keystone Pipeline cost the U.S. economy thousands of jobs and billions of dollars.

A report from the Department of Energy showed the pipeline would have supported tens of thousands of jobs, though the number is hard to nail down.

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Businesses Add Fewest Jobs in Two Years as Manufacturing Craters

Georgia Star News Staff

Private companies added 127,000 jobs in November, missing investor expectations by more than 70,000 to post the worst result since January 2021, according to private payroll firm ADP and CNBC Monday.

The addition represented a sharp decline from the 239,000 new jobs reported by the firm in October. Industries that were most directly impacted by higher interest rates, such as construction, were hit the hardest by job cuts, while consumer-facing industries, such as hospitality, largely weathered the storm, according to ADP.

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Economist: 30 Percent Chance That U.S. Enters a Recession Within a Year’s Time

The Center Square

A Goldman Sachs economist says there is a 30% probability of the U.S. entering a recession within one year and 48% within two years. 

Goldman Sachs Chief U.S. economist David Mericle outlined the probability of a recession at an event Tuesday and said that the likelihood of a recession would decrease if the U.S. had not entered one within two years.

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‘We’ve Lost Several Hundred Jobs a Day’: Economist Finds Red Flags in Biden’s Positive Jobs Report

Admin

Although Friday’s jobs report seemed like good news for a beleaguered economy and President Joe Biden, the report’s potential methodological issue as well as the economy’s negative growth indicate a recession is still on the horizon, according to an economist at The Heritage Foundation.

The U.S. Bureau of Labour Statistics’ job report for June, released on Friday, soothed some fears that the U.S. economy might be approaching a recession. However, negative GDP growth, rampant inflation and methodological issues within the report indicate that a recession is looming, according to E.J. Antoni, a research fellow for regional economics at The Heritage Foundation.

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‘A Source of Concern’: Jobs Growth Stalls, Unemployment Rises in May

Georgia Star News Staff

The U.S. economy added 390,000 jobs in May while the unemployment rate was largely unchanged at 3.6%, according to Department of Labor data released Friday.

The number of unemployed people ticked up slightly to about 6 million, according to the Bureau of Labor Statistics (BLS) report. Economists projected 328,000 Americans would be added to payrolls prior to Friday’s report, The Wall Street Journal reported.

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Majority of Americans Say They Are ‘Falling Behind’ Rising Cost of Living

The Center Square

The majority of Americans feel they cannot keep up with the cost of living as inflation and the price of goods continue to rise, according to new polling data.

A poll from NBC News asked Americans, “Do you think that your family’s income is … going up faster than the cost of living, staying about even with the cost of living, or falling behind the cost of living?”

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Commentary: A Biden Recession Is Virtually Guaranteed After 10-Year, 2-Year Treasuries Spread Inverts as Economy Overheats from Rampant Inflation

Georgia Star News Staff
Joe Biden

The spread between 10-year treasuries and 2-year treasuries, a leading recession indicator whose inversions have predicted almost all of the U.S. economic recessions in modern history, on March 31 inverted for the first time since Sept. 2019.

When the 10-year, 2-year spread inverts, a recession tends to result on average 14 months afterward, sometimes sooner, sometimes later. The one time there was a head fake on the 10-year, 2-year was in the mid-1990s at a time when inflation was much lower Visit Site than it is now.

As an aside, potentially the Sept. 2019 inversion might have ended up being a premature indicator, too, but then Covid and global economic lockdowns in early 2020 went ahead and ensured a recession even if one was not due. On the other hand, at that point it had been 11 years since the prior recession and so the business cycle was going to end sooner or later.

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Job Openings Hardly Budge as Americans Continue to Quit Their Jobs in Droves

Georgia Star News Staff

Job openings remained nearly unchanged in February while Americans continue to leave their jobs in high numbers, the Bureau of Labor Statistics (BLS) announced Tuesday.

The U.S. saw 11.3 million job openings in February, a slight dip from December’s high of 11.4 million, BLS reported Tuesday. Economists surveyed by The Wall Street Journal estimated job openings would slightly decrease from January’s 11.3 million figure.

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Jobless Claims Fall to Lowest Level in over 50 Years

Georgia Star News Staff

The number of Americans who filed new unemployment claims decreased to 187,000 in the week ending March 19, the lowest level in over 50 years, the Department of Labor announced Thursday.

The Labor Department’s figure showed a decrease of 28,000 compared to the week ending March 12, when new claims numbered 215,000, according to data from the U.S. Bureau of Labor Statistics (BLS). This week’s claims were well below the predictions of economists surveyed by Bloomberg, who estimated that new claims would total 210,000.

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10 Republican-Controlled States Reach Record-Low Unemployment Rates

Georgia Star News Staff

As the peak of the coronavirus pandemic appears to have passed, ten Republican-led states have all recorded the lowest unemployment rate on record.

According to The Hill, the latest report from the Bureau of Labor Statistics (BLS) shows ten different states with unemployment rates as low as just over 2 percent. Nebraska and Utah are tied for the lowest percentages in the country, at 2.2 percent each. They are followed by Indiana with 2.4 percent, and Kansas with 2.6 percent. The remaining six states are: Arkansas, Georgia, Mississippi, Montana, Oklahoma and West Virginia.

All ten states’ unemployment rates are currently the lowest on record since BLS first began tracking state-by-state percentages in 1976. Of these ten states, only one has a Democratic governor, with Laura Kelly in Kansas. All ten states have Republican majorities in their respective state legislatures.

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U.S. Added 678K Jobs in February, While Unemployment Decreased Slightly

Georgia Star News Staff

The U.S. economy added 678,000 jobs in February, according to a Friday report from the U.S. Bureau of Labor and Statistics (BLS), beating economists’ expectations.

Total nonfarm payroll employment increased by 678,000 in February, according to the BLS report, while the unemployment rate dropped to 3.8%, a pandemic low. Job gains were most pronounced in the leisure and hospitality sectors, which added a total 179,000 jobs.

“The labor market continues to be quite hot,” Nick Bunker, an economist at Indeed, told The Wall Street Journal. “It looks like the labor market is still primed for lots of strong employment growth.”

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Majority of Democrats Say the Unvaccinated Should Be Confined to Home: Poll

The Center Square

One-third of Americans say they haven’t gotten the COVID-19 shots, majority of Democrats say they should be confined at all times, and or fined.

A majority of Democrats say they’d support the unvaxxed being confined to their homes at all times, with 45% saying they should be confined to designated facilities and 55% support for fines.

Roughly one-third of Americans surveyed in a recent poll say they haven’t received the COVID-19 shots and the majority of them said they don’t plan on getting them. The unvaccinated would be targeted by a majority of Democrats in another poll who say they favor a government policy that would require them to “remain confined to their homes at all times, except for emergencies.”

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Georgia State Employees Could See $5K Pay Raise

The Center Square
Georgia Gov. Brian Kemp speaking

As lawmakers convene in Atlanta on Monday for the start of a new legislative session, Gov. Brian Kemp wants to give state employees $5,000 raises and increase their benefits.

Two budgets are passed through the General Assembly every legislative session. Lawmakers must review and approve spending for the remainder of the current fiscal year, also known as the Amended Fiscal Year (AFY) budget, and approve the budget for the next fiscal year, which begins July 1.

Kemp told state agencies in August not to propose spending increases for the next two years as a safeguard against uncertainty during the COVID-19 pandemic.

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U.S. Economy Adds Just 199,000 Jobs in December, Far Below Expectations

Georgia Star News Staff
Man in a hard hat pointing his finger

The U.S. economy recorded an increase of 199,000 jobs in December and the unemployment dipped to 3.9%, the U.S. Bureau of Labor Statistics (BLS) announced Friday.

Total non-farm payroll employment increased by 199,000 in December, according to the BLS, and the number of unemployed Americans dipped to 6.3 million. Economists surveyed by The Wall Street Journal projected the economy to add 422,000 jobs in December and for unemployment to fall to 4.1%.

December’s jobs report leaves the U.S. economy with roughly 6.5 million more jobs than at the end of 2020 but still 3.5 million short of pre-pandemic levels.

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Georgia Power Nuclear Plant Facing More Delays

The Center Square

An expansion of the Georgia Power and Southern Nuclear plant in Waynesboro may be delayed once more.

Georgia Power and Southern Nuclear are building two additional nuclear energy facilities, Plant Vogtle Unit 3 and Unit 4. The project, which started in 2013, is supposed to accommodate the state’s growing population

It has been riddled with delays. Now, construction quality issues and productivity problems may lead to another three-month delay, an independent monitor said Thursday.

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Commentary: Financial Stability Is Key to Being Able to Leave Job for Refusing Vaccine Mandate

Georgia Star News Staff
Joshua Mawhorter

Until recently, I was a California teacher working in two charter schools, one as a full-time classroom teacher of Government/Economics and sometimes U.S. History, and the other as a part-time independent study teacher who assists families with a program primarily based around homeschooling. I have taught for about five years and love teaching.

Last week, I was fired from one school and put on unpaid administrative leave at the other because of my refusal either to take and demonstrate proof of the COVID-19 vaccine or test weekly. I even filed a religious exemption stating the following that was rejected:

“As a committed follower of Christ, I religiously and philosophically cannot submit to either a government vaccine mandate or weekly testing.

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