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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ISM Employment Index Spikes, Profiles International Emphasizes the Importance of Smart Hiring
November 5, 2009
http://www.prweb.com/releases/2009/11/prweb3160374.htm
This is a great piece I picked up off the wire this morning regarding smart hiring – well worth the read. From the article: Read the rest…
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Buffett is All-In on America’s Future
November 4, 2009
“We wouldn’t be putting out the equivelant of $34 billion unless I felt there’s a lot of good years for America. America’s best years lie ahead. There’s no question about that.”
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Home Buyer Credit to be Extended?
November 3, 2009
Last night Congress completed the first step of a process which may lead to the passage of a bill extending the first-time home buyer credit through April of 2010.
This particular bill would provide an $8,000 tax credit to first-time home buyers (by definition, buyers who haven’t owned a home in the past three years) as well as $6,500 credit for buyers who have lived in thier prior residences for at least 5 years.
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Stanley Tool Aquires Black & Decker
November 3, 2009
Stanley Tool and Black & Decker have agreed to a $4.5 Billion all-stock deal combining the two tool makers. Stanley shareholders will hold 9 of the 15 board seats. Both companies have been hit hard by the housing slump as sales in both commercial and do-it-yourself tool categories have suffered.
Job cuts are likely on the horizon for the newly merged company which will be called Stanley Black & Decker, based at Stanley’s offices in New Britain, CT. Small to mid-sized businesses looking to aquire talented purchasers and warehouse workers should be on the lookout.
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Manufacturing Activty Grows
November 2, 2009
The ISM reported a marked uptick in its manufacturing index for October. Activty rose to 55.7 (the highest level since April 2006) from 52.6 in September. Forecasters expected the index to be around 53.0 for October. Shrinking inventories and first-time home buyers completing purchases to take advantage of the home buyer tax credit contributed substantially to the large gain.
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Tenneco Beats the Street
October 29, 2009
Auto parts manufacturer posts better than expected earnings today thanks to cost cutting measures which helped offset lower vehicle production volumes. Tenneco stock (TEN) is up 400% year to date. CNBC interviewed Gregg Sherrill, Tenneco Chairman & CEO this afternoon.
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