General Motors announced plans to invest $1.2 billion in new equipment and expansions at five Midwest factories. GM's investment, mostly in three Michigan plants, will retain or add about 1,000 jobs. The expansion plans were announced Monday, the same day a new study was released, compiled by the Center for Automotive Research in Ann Arbor, that estimated the rescue of GM and Chrysler saved 2.6 million jobs in 2009 and 1.5 million in 2010.
Friday's non-farm payrolls report overshadowed some relatively good news in other key U.S. employment metrics. Many indicators have been pointing to stronger labor markets than the big figure highlighted Friday (80,000 jobs gained for June). And a few new data points confirm this thinking.
While the Club Monaco brand was born in Canada in 1985, it changed nationalities when the Ralph Lauren group acquired it in 1999 and is now offering a Made in the U.S.A. line. The collection is sewn by artisan hands up and down the Eastern seaboard and includes a line of casual shirts, jackets, ties and trousers, all manufactured in different workshops in the United States.
Ford Motor Company is spending more than $773 million on new equipment and capacity expansions across six manufacturing facilities in southeast Michigan. The investments will create 2,350 new hourly jobs.
On June 14, Arie de Jong handed out $1 million in bonuses to his company's 170 employees thanking them for their dedication during the twenty years he owned the business.
Along with President Obama, Defense Secretary Chuck Hagel, Secretary of State John Kerry, Treasury Secretary Jack Lew and Homeland Security Secretary Janet Napolitano have decided to forgo portions of their salaries in solidarity with federal workers. Like Obama, they volunteered to give their money to help reduce the deficit, or to foundations that benefit federal workers.
There is a downside to pushing out older workers, in favor of younger ones. Less gray hair in an organization can sharply reduce its innovation potential. It turns out that most innovators are in their late 30's or older.
Chrysler Group LLC reported a net profit of $381 million for the third quarter of 2012 on Monday, up 80 percent from the $212 million profit the company reported for the same period a year ago. The results mean that the United Auto Workers employed in Chrysler's factories will next year likely receive their signing bonus of $1,750
Consumer confidence jumped to its highest level in seven months in September as Americans were more optimistic about the job market and income prospects. The index spiked to 70.3 this month from an upwardly revised 61.3 in August.
US employers stepped up hiring in February, adding a greater-than-expected 236,000 workers to their payrolls and helping to push the jobless rate to a four year-low in a bright signal on the economy's health.
The economy added 165,000 jobs in April, surprising economists and easing fears of an imminent collapse in the recovery. Also, an optimistic report released last week showed the number of Americans filing unemployment claims fell last week to the lowest level since January 2008.
If you know anyone looking for a job, you might want to tell them to go see a start-up. Eighty seven percent of technology startups plan to hire new employees this year, according to an interactive report by Silicon Valley Bank, which serves high growth tech companies across the United States. In the US, that number is 14 percent higher than four years ago.
Unable to find a job after he was laid off from his retail position, a former Iraqi vet put an Army medal, received during his 2008-09 deployment, on eBay. There were no bids for days until a news reporter told his story.
In the US economy, the good news is finally starting to outweigh the bad. The private sector -- especially small and medium sized businesses -- has been adding jobs for several months in a row now. Everybody wants to know where the jobs are. Here are 20 fields where jobs are starting to return.
Chipotle is extending its worker benefits to part-time employees by giving them sick pay, paid vacation time, and even helping pay their college tuition.
The overall unemployment rate ticked down last month. But the real good news is the past upward revisions showing the economy added more than 350,000 private sector jobs over the past three months. Other positive economic reports also came out for the U.S. this week.
The stock market just had its best first quarter in 14 years and analysts are scrambling to raise their estimates for the year. In the measurements of seemingly every other indicator of US economic health, optimism bubbled up with each new report released in March.
Canada booked its best two-month employment gain in three decades with news Friday that the economy churned out 58,200 new jobs in April -- a report that was far stronger than anyone anticipated.
Manufacturing grew in February at the fastest pace in 20 months. Busier factories and growing optimism among consumers could help the U.S. economy withstand the drag from government spending cuts and tax increases this year.
These young adults will now have a leg up in the business world, which foster kids don't typically enjoy, thanks to a California benefit corp.
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