Tag Archives: jobs

Brexit Britain has too many jobs and not enough workers

The headaches of negotiating Brexit Britain is running out of workers. Employers have plenty of jobs to fill but potential hires are in short supply, according to a new report by the Recruitment and Employment Confederation (REC). The number of open permanent jobs grew at the fastest rate in 27 months in July. Meanwhile, the availability of both permanent and temporary workers fell sharply. It’s a trend that could accelerate ahead of Britain’s departure from the European Union. “The parts of the economy most reliant on European workers are under ...

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Blue Apron to move New Jersey plant and hundreds of jobs hang in the balance

Blue Apron is shutting down its operation in Jersey City and moving down the road. The meal-kit delivery service company said on Friday that it plans to move 1,270 employees from the existing fulfillment center to a newer, bigger facility in Linden, New Jersey about 15 miles away. The Jersey City location will close by October. Blue Apron(APRN) said in a statement that about 800 of the affected employees have already agreed to transfer to Linden. “We hope that the remainder of our Jersey City employees will join us in ...

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Trump jumps the gun on jobs report tweet — again

U.S. unemployment rate falls to 16-year low Oops, he did it again. President Donald Trump was so excited by the good news in Friday’s jobs report that he jumped the gun to tweet about it, violating a federal rule that requires an hour between when a report is released, and when federal officials can comment on the numbers. The 209,000 jobs added by employers in July and the drop in unemployment to 4.3% was just too much for the tweeter-in-chief to resist bragging about on Twitter. “Excellent Jobs Numbers just ...

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July jobs report: 4 things to know

I’m a janitor getting stock options The Trump economy turns six months old on Friday. Labor Department officials will publish the July jobs report at 8:30 a.m. ET. Here are 4 things to know. 1. Economy keeps humming: July was likely another good month for jobs. Economists surveyed by CNNMoney anticipate 183,000 jobs were added last month. They also forecast that the unemployment rate fell to 4.3% from 4.4% the prior month. Wage growth is expected to be around 2.4% — where it’s hovered for the last two years. 2. ...

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Apple and Tesla earnings; Jobs report; German carmakers gather for 'diesel summit'

iPhone 10 Years Later: The phone that almost wasn’t 1. All eyes on Apple: Earnings are churning out like crazy this week, and the headliner will be Apple(AAPL, Tech30) on Tuesday. In its last quarter, iPhone sales dipped ever so slightly to about 51 million. Although it’s been a quiet period for Apple, the tech giant is bracing for new announcements in the fall. Apple has stayed tight-lipped but rumors are already swirling on what to expect with the iPhone 8 launch later this year. 2. Jobs report: On Friday, ...

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Starbucks to close down all Teavana locations, impacting 3,300 jobs

The Starbucks-owned Teavana brand is closing down all its storefronts, in what is the latest blow to struggling American malls. Starbucks(SBUX) announced on Thursday that all 379 Teavana stores — which are primarily based in malls across the country — have been “underperforming.” The move will impact 3,300 workers. “The company concluded that despite efforts to reverse the trend through creative merchandising and new store designs, the underperformance was likely to continue,” Starbucks said in a press release. Most locations will shut down by Spring 2018, Starbucks said, and people ...

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Trump brings companies to White House for another jobs announcement

Cuts at Carrier plant where Trump touted saving jobs President Trump touted a big deal during the White House’s “Made in America Week.” On Thursday, he unveiled an agreement between pharmaceutical giants Pfizer(PFE) and Merck(MRK) and New York-based manufacturer Corning(GLW) to produce a new type of glass for storing and delivering injectable drugs. Corning will initially invest $ 500 million in the project, a move that will create 1,000 new U.S. jobs. The project is expected to grow to a $ 4 billion investment that will create 4,000 new high-tech ...

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The opioid crisis is draining America of jobs

Ohio sues drugmakers over opioid epidemic The opioid epidemic has crippled communities across the United States, spurred a public health crisis, and is responsible for nearly 100 overdose deaths each day. Opioid abuse is also hurting America’s job market. Use of opioids has become a key factor in why “prime age” workers, mostly men, are unable or unwilling to find work, according to a new report by Goldman Sachs(GS). A declining share of adult Americans are working or looking for work, according to Labor Department data. The trend has been ...

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U.S. jobs report: 4 things to know

This job training program is at risk under Trump budget Unemployment is low, manufacturing is growing and wages are rising: It’s a pretty good moment for the job market. The Labor Department publishes the June jobs report at 8:30 a.m. ET on Friday. Here are four things to know before it comes out. 1. June could be another solid month: Economists surveyed by CNNMoney predict the economy gained 172,000 jobs in June while the unemployment rate remained at 4.3%, its lowest since 2001. American wages are expected to rise 2.6% ...

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Jobs! Jobs! Jobs!; The G20 meeting kicks off; The Fed gives an update

Here’s what Trump has said about bringing back coal jobs 1. Jobs report: On Friday, the U.S. Labor Department will reveal how many jobs were added to the workforce in June. It will also provide an update on the unemployment rate. The U.S. unemployment rate fell to 4.3% in May, the lowest level since 2001. The reason for that drop: More Americans stopped looking for work. That’s not a great sign. Economists were disappointed, saying the job market had lost momentum. 2. G20 summit: President Donald Trump will meet with ...

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