ADP CFO Jan Siegmund says that his company's monthly employment report uses 'real-time payroll processing transactions' to calculate jobs data, unlike the BLS which uses surveys. Siegmund says that ADP has worked very hard to create a very high quality, sustainable, and relevant measure.
The job situation is still a very hot topic in the United States. ADP has access to jobs data from 600,000 employers and ADP CFO Jan Siegmund explains what the data is telling us now. He says that the slowing of employment growth over the last few months is due to tax rate changes and the anticipation of health reform.
Whitehall Industries has broken ground on a facility in Paducah, Ky. that will employ 150 people making aluminum components for the automotive industry. Gov. Steve Beshear's office says the company plans to invest nearly $13 million in the project. Beshear attended the groundbreaking Tuesday.
General Motors is again expanding its suburban St. Louis plant in Wentzville, the second expansion in less than two years at the facility. The $133 million expansion announced Wednesday calls for GM to build a new 114,000-square-foot stamping press.
A divided Supreme Court on Monday decided to make it harder for Americans to sue businesses for retaliation and discrimination, leading a justice to call for Congress to overturn the court's actions. The court's conservatives, in two 5-4 decisions, ruled that a person must be able to hire and fire someone to be considered a supervisor in discrimination lawsuits, making it harder to blame a business for a co-worker's racism or sexism.
The Delta Regional Authority is investing $102,215 in the expansion and renovation of manufacturing facilities for the Screw Conveyor Corporation located in Winona. Screw Conveyor Corporation specializes in bulk material handling equipment used in the food processing, chemical and agriculture industries. It also has plants in Hammond, Ind., and Visalia, Calif.
IMTSTV's Penny Brown got a chance to speak with Steve Fritzinger, NetApp's Virtualization Alliance Manager, Java Author, and Economics Writer, about the current state of the manufacturing industry. Fritzinger explains how competition and technology are driving the industry's pace, and why companies must adapt to this change if they want to survive. He also speaks about the future of manufacturing jobs in America.
An eastern Indiana city could sell a large empty factory to a company for $1 as part of a deal for it to hire more than 300 workers. Connersville's city council and redevelopment commission approved resolutions Monday night giving the company three months to decide whether to finalize the agreement.
Chinese workers keeping an American executive confined to his Beijing medical supply factory said they had not been paid in two months in a compensation dispute that highlights tensions in China's labor market. The executive, Chip Starnes of Specialty Medical Supplies, denied the workers' allegations of two months of unpaid wages, as he endured a fifth day of captivity.
A company that makes heating coil elements says it will expand its plant in Arden, adding 90 jobs. The Winston-Salem Journal reported Tutco Inc. said Monday it will spend more than $500,000 to expand its plant. Tutco is one of the world's largest suppliers of open coil heating elements.
Gov. Nathan Deal says a firm that makes vehicle roofing systems will open a north Georgia plant that's expected to create 300 jobs. Deal said Inalfa Roof Systems will open a manufacturing facility in Cherokee County that represents a $17.1 million investment. The plant will be in the Cherokee 75 Corporate Park off Interstate 75, about 30 miles northwest of Atlanta.
An American executive said Monday he has been held hostage for four days at his medical supply plant in Beijing by scores of workers demanding severance packages like those given to 30 co-workers in a phased-out department. Chip Starnes, co-owner of Florida-based Specialty Medical Supplies, said local officials coerced him into signing agreements to meet the workers' demands even though he said the remaining workers weren't being laid off.
Officials say an all-day bargaining session failed to produce an agreement aimed at heading off the elimination of 950 union jobs at a century-old locomotive manufacturing plant in northwestern Pennsylvania. The Erie Times-News says GE Transportation and Local 506 of the United Electrical, Radio and Machine Workers walked away from the bargaining table at midnight Saturday without reaching a deal.
Unemployment rates fell in half of U.S. states last month, led by drops in California, West Virginia, New York and Hawaii. Hiring has been steady nationwide, leading to a better job market in many areas of the country. Employers added jobs in 33 states last month. The biggest gains were in Ohio, Texas and Michigan.
There is one absolute that applies to every company, independent of industry: You cannot expect to operate efficiently without dedicated and skilled employees. When looking at the manufacturing industry specifically, finding a highly skilled workforce has proven to be one of the greatest challenges.
Intelligrated® has been recognized as a top workplace in the greater Cincinnati and Northern Kentucky area by the Cincinnati Enquirer for 2013. Intelligrated placed sixth in the large company category. Assisted by research firm Workplace Dynamics, the Enquirer assembled survey responses from more than 27,000 employees from 128 businesses in the greater Cincinnati and Northern Kentucky area.
An Australian aerospace company says it will open a facility in Grove, Okla. and hire 20 workers. Gov. Mary Fallin announced Tuesday that Ferra Engineering would expand in Oklahoma. The governor made the announcement from the Paris Air Show.
Union officials presented a plan Tuesday to keep 950 jobs at a General Electric Transportation plant in Erie, but the company cast doubt on the proposal. The Erie Times-News reports that the leadership of Local 506 said the union can save $20 million a year in exchange for the company agreeing to keep all the jobs.
The state won't stand in the way of a fertilizer plant that a Pakistan-based group is developing in southwestern Indiana despite reservations expressed by Gov. Mike Pence, his office said Tuesday. Pence directed the Indiana Finance Authority not to block Posey County from backing the Midwest Fertilizer Corp. plant.
A manufacturer of high-tech plastic parts for everything from skateboards to jet engine components, which was touted in 2011 as one of the Colorado companies to watch by a state agency and investors, has called it quits. Fiberforge co-founder Jon Fox-Rubin said the company based in Glenwood Springs struggled to become profitable with a broad range of offerings, but couldn't make it successful.
Smithfield Foods Inc. said Tuesday that it is laying off 120 more workers as part of its previously announced closure of a Virginia facility that makes hot dogs and deli meat. The Smithfield, Va.-based pork producer plans to close the Portsmouth plant in the middle of August, said Jeff Gough, Smithfield's senior vice president for human resources.
Texas Gov. Rick Perry extolled the tax policies and regulatory climate of his state as he courted gun manufacturers that have threatened to leave Connecticut since the state passed new gun-control laws in response to the Newtown school massacre.
Danish toymaker Lego says it will expand a factory in the Czech Republic and create some 800 jobs to meet growing regional demand for its popular building blocks. Carsten Rasmussen of Lego's European packing division did not reveal the size of the investment except to say it was "a large two-digit million euro figure."
Manufacturers are on the cusp of a major generational shift. Baby Boomers are preparing to retire out of the workforce, and Gen Y is poised to replace them. However, several obstacles are preventing a seamless transition of Gen Y-ers into these soon-to-be vacant roles.
The concept of “everyone should go to college” is finally being questioned, which I think is long overdue. In fact, the U.S. Labor Department says that most jobs (69 percent in 2010) don’t require a post high school degree.To get an idea of what the economy is going to offer in the next ten years, look for the Labor Department chart titled “Occupations with the largest job growth, 2010 and projected 2020.”