Tag Archives: jobs

Jeff Bezos' space company, Blue Origin, to bring hundreds of jobs to Alabama

See how Blue Origin’s new rocket will fly Jeff Bezos is going to build rockets in Alabama. Governor Kay Ivey said on Monday that Blue Origin, Bezos’ private spaceflight company, will build a facility in Huntsvilleto manufacture BE-4 rocket engines. The decision “helps cement Alabama as the preferred destination for the aerospace industry,” Ivey said. The 200,000 square foot plant will create up to 342 new manufacturing jobs. Blue Origin will make about $ 200 million in capital investments in Alabama, according to the Huntsville/Madison County Chamber.Ivey said the new ...

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Boeing factory where Trump delivered jobs speech to lay off 200 workers

Trump: Air Force One looks great at 30 The South Carolina Boeing plant where President Trump gave a speech promising to protect U.S. jobs says it’s laying off workers. Boeing confirmed to CNNMoney Thursday that it’s cutting about 200 jobs at its plant in South Carolina. This is the first round of layoffs at the factorysince it began making the 787 Dreamliner there in 2009. Speaking at the plant in February, Trump promised a crowd of assembly workers, managers and executives that “jobs is one of the primary reasons I’m ...

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Trump wants more apprentices. But can they fix America's big jobs problem?

U.S. unemployment rate hits 16-year low President Trump is trying to focus this week on one thing: Jobs, jobs and more jobs. The White House is dubbing it “workforce development week” and has filled the president’s schedule with workplace visits, speeches and roundtable discussions on the subject. The aim is to present a fix to a big U.S. problem: job skills. What’s clear: Trump wants to make a big commitment to expand apprenticeship programs. What’s unclear: How his budget will pay for it and whether apprenticeships alone can fix the ...

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Bad news for Trump? The bond market is nervous about jobs

U.S. unemployment rate hits 16-year low The jobs report for May was sort of meh. Fewer jobs were added than expected. Job gains for the two previous months were revised lower, too. The bond market isn’t too excited about the numbers, either. And that may be particularly bad news for President Trump. Sure, stocks rallied after the numbers came out. But long-term bond yields fell to their lowest levels since just after Election Day. The 10-year Treasury bond was yielding 2.15% Friday afternoon — down from 2.45% at the start ...

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May jobs report: 4 things to know

Trump’s job creation, 100 days in America is poised to gain jobs for the 80th consecutive month. The U.S. Labor Department publishes the May jobs report Friday. Here are 4 things to know. 1. Unemployment expected to stay at 10-year low: Economists surveyed by CNNMoney predict the U.S. added 179,000 jobs in May and that the unemployment rate remained at 4.4%, its lowest level in a decade. They also forecast wage growth hovering around 2.6% — a slightly better rate of growth compared to recent years, even though it’s still ...

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The real story behind Trump's claim that Paris would kill 2.7 million jobs

MSFT, Tesla, GE react to climate deal withdrawal Massive job losses. Lower wages. Shuttered factories. Brownouts and blackouts . That’s the grim future that President Trump said he was trying to avoid when he announced that the United States will withdraw from the Paris climate change deal. “Compliance with the terms of the Paris Accord and the onerous energy restrictions it has placed on the United States could cost America as much as 2.7 million lost jobs by 2025,” he said, citing a study from NERA Economic Consultants. NERA is ...

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Jobs report; ExxonMobil's big meeting; Earnings season winds down

Unemployment rate at lowest in 10 years 1. Jobs report: On Friday, the Labor Department will reveal how many jobs were added in May. A strong report could bolster the case for another interest rate hike. The Federal Reserve has already said it will likely raise rates in June — a sign it’s confident in the economy’s health. The Fed last triggered a hike in March. Unemployment dropped to 4.4% in April, it’s lowest level since 2007. Economists believe the U.S. economy is now at or near full employment. 2. ...

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Robots could wipe out another 6 million retail jobs

Is the mall dead? Robots have already cost millions of factory jobs across the nation. Next up could be jobs at your local stores. Between 6 million to 7.5 million existing jobs are at risk of being replaced over the course of the next 10 years by some form of automation, according to a new study this week from by financial services firm Cornerstone Capital Group. That represents at least 38% of the current retail work force, which consists of 16 million workers. Retail could actually lose a greater proportion ...

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Brexit Britain is still creating jobs. How long can that last?

TransferWise CEO worries about Trump and Brexit The trickle of jobs leaving Brexit Britain has yet to turn into a flood. Several big financial services firms have announced they will move about 9,000 jobs out of the country in order to safeguard their business once the U.K. leaves the European Union. That is not yet showing up in employment data. The jobless rate was just 4.6% in the three months to March 31, according to data published Wednesday. But experts say there could be a much larger exodus of jobs ...

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