In a nondescript Burbank falafel joint on a sweltering Sunday afternoon in July of last year, co-workers crowded around an impromptu conference table made up of several four-tops pushed together. A tacky film adhered to the furniture, as is typical of greasy spoons. Sweaty forearms clung stickily to gummy tabletops. […]
More than 700 jobs that President Trump claimed to have “saved” at a Carrier air conditioner plant in Indiana are going to Mexico — and layoffs at the plant begin next month. There’s also going to be layoffs of roughly 200 workers at a Boeing plant […]
The deals include arms sales to Saudi Arabia and more [than] 30 commercial deals with American companies. The White House did not respond to requests for a breakdown, but tallying up publicly announced deals, Trump’s figures are inflated and […]
Apple, the world’s most valuable public company, said it planned to dedicate resources to American job creation with a $1 billion fund to invest in advanced manufacturing in the United States. The company said it would announce the first investment […]
Toyota joins a host of automakers including Fiat Chrysler Automobiles, Honda Motor and Daimler that have announced investments in the United States since Trump won the US election. Even US car manufacturers Ford Motor and […]
“Again and again on the campaign trail, Donald Trump made promises he couldn’t keep, playing on the ignorance of his base and revealing his own glaring misunderstanding of policy,” writes Kali Holloway in In These Times. “The GOP candidate […]
Ford Motor said on Tuesday that it would invest $1.2 billion in three Michigan facilities as part of a larger effort to increase the production of American-made trucks and sport utility vehicles. A portion of this was previously agreed to in its labor contract […]
Beijing’s newest 5-year energy development plan invests a stunning 2.5 trillion yuan ($360 billion) in renewable generation by 2020. Of that, $144 billion will go to solar, about $100 billion to wind, $70 billion to hydropower, and the rest to […]
The figures reflect the job market’s vast improvement from the deep layoffs and surging unemployment rate that prevailed when Obama took office in January 2009. Last month, the jobless rate was just 4.7 percent, up from a nine-year low of […]
The official unemployment rate dropped to 4.9 percent, from 5 percent. And average hourly earnings rose 2.8 percent year over year, a level not reached since 2008. “It was pretty positive across the board,” said David Berson, chief economist at […]
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