Ford posting profit in 2009 in wake of Toyota’s recall
January 29, 2010
Ford is hoping to be able to profit from Toyota’s temporary halt in production of the troubled vehicles. This coming at the same time that Ford reports its first yearly profit since 2005. http://www.nytimes.com/2010/01/29/business/29ford.html
In the mean time, Toyota’s recall of nearly 2.5 million cars is affecting its reputation leaving their competition room to grow. See article: http://money.cnn.com/2010/01/27/news/companies/toyota_sales_halt/index.htm
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Manufacturing Jobs Jolt in Chicago
January 26, 2010
Manufacturing unemployment in Chicago is about to see substantial relief as Ford Motor Co shifts manufacturing of the next generation Explorer from Louisville to the city’s south side.
1,200 jobs will be added at the factory, doubling the size of its current workforce. Chicago Heights’ Ford stamping facility will also see a lift in jobs.
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Jobless Claims Rise Unexpectedly
January 21, 2010
Jobless claims in the US rose for the week ending 1/16, ending a trend of 19 straight weeks of declines.
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CNN Reports on 2010 Job Growth
January 14, 2010
Jeff Joerres, CEO of Manpower, discusses current job growth trends as well as a forecast for 2010. Joerres notes a current uptick in demand for light industrial and call center demand, two areas in which we’re also seeing an increased level of demand from our customers here at CareerBuilder.
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Housing Starts Rise in November
December 17, 2009
The US Department of Commerce reported Wednesday that housing starts grew 8.9% month-over-month to a seasonally adjusted 574,000 annual rate. The number beat analysts’ expectations and comes as a positive surprise following the substantial drop reported in October.
Analysts believe that worse-than-average national weather patterns in October coupled with better-than-average patterns in November contributed to the improvement. The return, and expansion, of the home owner tax-credit also help the odds that a potential buyer will purchase a home.
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Obama Thinks My Insulation’s Sexy!
December 15, 2009
President Obama held a press conference today at a Home Depot in northern Virginia calling for Congress to help him and the US Economy create new jobs through renewable energy.
“I know the idea may not be glamorous,” the president said, alluding to a recent round-table talk. “Someone said insulation is not very sexy. … I disagree. … Here’s what’s sexy about it: saving money.
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Construction and Manufacturing Payroll Report (October)
November 20, 2009
Seasonally adjusted Regional and State Employment data released by the US Bureau of Labor Statistics this morning paralleled that of the Employment Situation report released Nov. 4 showing a slight overall improvement with pockets of growth sprinkled throughout.
Payrolls within the construction and manufacturing sectors continue to feel the heat of a long lagging recovery that is sure to be drawn out longer than other sectors of the economy.
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Daily Jobs Video; Improved Alternative to Stimulate Job Growth?
November 18, 2009
CNBC’s Michael Liesman weighed in on the current employment situation this morning. He reports that President Obama may be considering payroll tax breaks as an added measure to resuscitate job growth in the US. The president will hold a forum on jobs and economic growth December 3rd in which some of the best and brightest CEO’s, small business owners, and financial experts will discuss ideas for continuing to grow the economy and put Americans back to work.
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Tuesday’s JOLTS Report Optimistic
November 12, 2009
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Jolting the Housing Market
November 9, 2009
The home buyer’s tax credit has been extended, but how much will that help the housing industry? Ron Peltier, CEO of HomeServices of America, shares his insight.
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