Unemployment across the 17 EU countries that use the euro hit another record high in April — and appears to be on course to hit 20 million this year in what would be another gloomy landmark for the currency bloc. Eurostat, the European Union's statistics office, said Friday that the unemployment rate rose to 12.2 percent in April from the previous record of 12.1 percent the month before.
Tri-City native Jerod Shelby is building a factory in West Richland for his SSC North America company that makes cars that can speed hundreds of miles per hour and sell for hundreds of thousands of dollars. Shelby broke ground Tuesday on the $5 million project, which will include a research and development section and museum, The Tri-City Herald reported. It could employ more than 50 people.
Democratic state lawmakers have asked Republican Gov. Dennis Daugaard for information on the state's $5 million contract with a national recruiting firm that was hired to find new workers for hard-to-fill jobs in the state. The Democrats want information about the program's expense, the contract with ManpowerGroup, the number and type of jobs filled, and the wages paid for those jobs.
The Kohler Co. expects to begin construction later this summer to expand its generator manufacturing plant in eastern Wisconsin. Increased demand for standby power generators from residential and industrial customers in North America is driving the 80,000-square-foot expansion at its plant in the Town of Mosel, Kohler officials said. The cost of the expansion was not disclosed.
Amway Corp. is building an $81 million manufacturing and warehouse facility near the company's headquarters in West Michigan. The direct-sales giant on Wednesday announced the official start of construction of the 317,000-square-foot facility near its headquarters in Kent County's Ada Township.
Unemployment rates fell in almost all large U.S. cities in April, helped by stronger hiring. The gains show the job market is improving throughout the country. The Labor Department said Wednesday that unemployment rates declined in 344 of the 372 largest metro areas. Rates rose in just 17 cities and were unchanged in 11.
A Canada-based wind tower manufacturer that is setting up shop in the southeastern South Dakota city of Brandon says it hopes to start production this summer. Marmen Inc. is moving into a facility built by a U.S.-based wind tower company that never used it, and also expanding the plant.
Hitachi Automotive Systems Americas Inc. is set to expand its operations in Georgia's Walton County, creating 250 new jobs and investing $80 million, state officials announced Tuesday. The expansion will require an additional 290,000-square-foot facility adjacent to its current two buildings, Gov. Nathan Deal said in a written statement.
China's economy, the third largest economy in the world, shows fresh signs of faltering, with an advance reading of manufacturing output shrinking for the first time in seven months. That may worry trading partners--but not its leaders.
Lenovo Group is ramping up its first American manufacturing operation for personal computers. The No. 2 computer maker said Tuesday its new production line near Greensboro is on track to meet its hiring target of about 115 jobs by the end of June.
Scan through the business section of the news, and you’re likely to see stories about the resurgence of U.S. manufacturing, about how companies are moving jobs back to the United States because of the rising cost of manufacturing in (and shipping to and from) China. Certainly good news for American manufacturers, but I would argue that this trend is not what the resurgence of U.S. manufacturing should be built on.
European leaders sounded the alarm on youth unemployment Tuesday and called for more help for businesses to help solve the problem that has left nearly one in four young people in Europe without a job. At a conference in Paris Tuesday, French, Italian and German ministers warned that if high youth unemployment is not addressed, young people will lose faith in their governments and the European Union.
North Korea relaxed state control of salaries last month, a government economist said, outlining a change in policy intended to boost production by giving companies latitude to provide workers with financial incentives. Ri Ki Song, a professor at the Institute of Economics at North Korea's Academy of Social Sciences in Pyongyang, said enterprises are now allowed to use some of their earnings to pay workers more.
Businesses in Paducah are bracing for uncertainty in the wake of the Paducah Gaseous Diffusion Plant's expected closure at the end of the month. The shutdown will put more than 1,100 workers out of high-paying jobs with benefits. Kele Sports Depot shop owner Stephen Kelly said the plant has a trickle-down effect economically and the loss of jobs will be felt.
A Japan-based maker of auto components says its roughly $15 million planned expansion of a southern Illinois plant will add 80 jobs. Aisin Electronics Illinois joined regional officials in breaking ground this week on the 108-square-foot Marion project the company expects to be completed early next year.
Manufacturing growth in parts of the U.S. is moving at the same rate or better than emerging markets growth, while some parts of the country are still struggling and possibly clouding the picture of growth. Analyst Meredith Whitney says that the flood of cheap, natural gas will ultimately bring manufacturing jobs back to the U.S.
Volkswagen's German factory workers will get a two-stage raise under a new wage deal reached as the automaker grapples with slipping sales and profit. The company said Tuesday it agreed with the IG Metall union on increases of 3.4 percent from Sept. 1 and 2.2 percent from July 1 of next year through February 2015. The agreement covers 102,000 workers in six west German auto plants.
Tennessee officials say that automotive seat manufacturer NHK Seating of America Inc. plans to expand its facility in Murfreesboro, adding 94 jobs in the process. Department of Economic and Community Development Commissioner Bill Hagerty said Thursday that the company's expansion represents a $6.8 million investment in Rutherford County.
An auto industry parts supplier says it's investing $40 million to expand its Marysville facility and plans to add more than 350 jobs during the next three years. The Times Herald of Port Huron reports the announcement was made Thursday by SMR Automotive Systems.
When President Barack Obama pushed his health care overhaul plan through Congress, he counted labor unions among his strongest supporters. But some union leaders have grown frustrated and angry about what they say are unexpected consequences of the new law — problems that they say could jeopardize the health benefits offered to millions of their members.
Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales. The closure of the U.S. automaker's plants in the state of Victoria will mean the loss of 1,200 jobs and will transform the company into an import-only brand in Australia.
Mike Rowe discusses what he learned working at QVC, his grandfather's influence, and what "Dirty Jobs" accomplished. From selling lava lamps to hosting the hit "Dirty Jobs," Rowe talks about a necessary skill that allowed him to work in Hollywood.
A second yogurt plant is about to open in a Genesee County business park. Sen. Charles Schumer says the Muller Quaker Dairy plant will have a grand opening on June 3. The $206 million dollar plant is a joint venture of PepsiCo and Germany's Theo Muller company.
Dozens of Indian guest workers are suing an Alabama-based marine and fabrication company, claiming it financially exploited them and forced them to live in squalid conditions after bringing them to work at Gulf Coast shipyards after Hurricane Katrina.
The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only one week this summer. That includes the Chicago plant that makes the Ford Explorer SUV and the Mexican plant that makes the Fusion sedan.