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Tag Archives: u.s. unemployment
U.S. July Jobs Numbers are Dreadful
Even though the latest economic data show that the contraction during the Great Recession was slightly less severe than previously reported, it remains the largest decline since quarterly data became available in 1947. Cumulatively, real GDP fell by 4.3% during the recession. Moreover, the jobs lost then have never been recovered. Continue reading
Posted in economy, news, news analysis
Tagged autoinformed, autoinformed.com, eci, great recession, Heidi Shierholz, Ken Zino, u.s. unemployment
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U.S. Unemployed Far Outnumber Job Openings
The April Job Openings and Labor Turnover Survey (JOLTS) released last week by the U.S. Bureau of Labor Statistics shows that job openings fell by 118,000 in April to only 3.8 million. Job openings have seen little improvement during the last year and remain depressed. In 2007, there were 4.5 million job openings each month. April’s rate of 3.8 million is more than 16% below the levels before President Bush’s Great Recession took hold. Continue reading
Posted in auto news, economy, fools 'n frauds
Tagged autoinformed, autoinformed.com, great recession, jobs, Ken Zino, u.s. unemployment
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U.S. Trade Deficit with Korea Highest on Record under FTA
The U.S. trade deficit with South Korea reached its highest level in history just ten months into the controversial trade agreement, according to the latest data released by the U.S. International Trade Commission. During January the deficit with South Korea was at -$2.4 billion — the largest monthly deficit with Korea on record. Continue reading
Posted in auto news, economy, financial results, news, news analysis
Tagged auto informed, autoinformed.com, automotive news, great recession, Ken Zino, Korean fta, trade, u.s. unemployment, uaw
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Jobless Recovery as U.S. Employment Barely Grows in March
Some independent estimates have the real U.S. unemployment levels at 14% or more, as politicians in a dysfunctional Washington try to cast the blame on the other party. One thing is certain; unemployed do not increase revenues via payroll or social security taxes, at a time of soaring deficits. Continue reading
U.S. Unemployment Epidemic Continues at 9% in October
This means that coupled with underemployed and those discouraged from looking for work, more than 25 million people are not contributing what they could and want to add to the economic prosperity of local, state and national communities. Continue reading
Posted in auto news, economy, news, results
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, bls, Ken Zino, news, results, u.s. unemployment, unemployment, zino
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Labor Demand Down Again, Continuing Unemployment Trend
nline advertised vacancies were down 43,500 in September to 3,947,100, according a Conference Board study released today. The September drop follows a decline of 164,000 in August and a decrease of 217,000 in July. The Supply/Demand ratio stands at 3.50, meaning there were 3.5 unemployed for every online advertised vacancy in August, the latest monthly data available for unemployment. Nationally, there are 10 million more people officially unemployed (9.98 million) than advertised vacancies under the “no jobs” Obama Administration. Continue reading
Posted in auto news, economy, labor issues, manufacturing, results
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, conference board, employment advertising, jobs, Ken Zino, labor demand, no jobs obama administration, u.s. unemployment, unemployment, zino
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GM and SAIC to Develop New Electric Vehicle in China with U.S. Taxpayer Supported GM’s EV Knowledge and Technology
“The policy is not written, but the pressure is real,” said Mike Dunne in an interview with AutoInformed. “All the western automakers have the same story – GM, Volkswagen, Ford – all have now reluctantly agreed to do so as a condition of further market expansion.” Continue reading
Posted in alternative fuels, auto news, economy, electric vehicles, new vehicle, news analysis, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, china, china auto market, chinese industrial policy, electric vehicles, ge, general motors china, gm china, gm saic, gm saic ev, gmio, immelt, Ken Zino, pan asia technical automotive center, patac, saic ev, u.s. unemployment, zino
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GM Board Meets in China. New Investment Coming Tomorrow?
At about the same time the UAW reveals details of its new contract with GM tomorrow U.S. media, General Motors Vice Chairman Steve Girsky will be holding a conference call for media from Shanghai.
The latest communication from GM will likely detail plans for further job creation via new investment in China, GM’s and the world’s largest automarket. Continue reading
Unemployment Unchanged as Zero U.S. Jobs Created in August Amid Political Posturing, Inaction, Policy Failures
While private companies add 17,000 jobs in August, those meager gains were cancelled by the loss of 17,000 government jobs in August, meaning the unemployment crisis continued. Zero, zilch, nil, no jobs were created during another month of inaction, which saw the U.S, Congress take an extended paid vacation as the U.S. economy limped along with an official – and hugely understated – unemployment rate of 9.1 %, according to data released today by the U.S. Bureau of Labor Statistics. This devastating unemployment rate has shown no change since last April. Continue reading
DOT Announces $417.3 Million in Grants for Highway Projects
In previous years, a pork loving Congress designated some of this grant money for specific highway projects and FHWA awarded the remainder through a competitive process. Because the FY11 budget passed by Congress last April directed that all such funds be discretionary, FHWA awarded these funds through what it said was a “competitive process.” Continue reading
July Unemployment Stagnant at 9.1% as only 117,000 Jobs are Created. Almost 14 Million People are Officially Out of Work
The latest negative economic news came after automakers reported that total U.S. light vehicle market in July grew less than 1% from what was a weak July of 2010 as the economy languishes. Continue reading
Posted in auto news, economy, results
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, bls, economy, july unemployment, Ken Zino, u.s. unemployment, unemployment, zino
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Washington Dithers as Unemployment Increases Again
There aren’t enough jobs to reemploy U.S. citizens who want to go back to work, let alone absorb new graduates as tax payers into the economy. The real rate of unemployment is much higher – some critics have at more than 18%. Continue reading
GM Adding 2,500 Jobs in Michigan to Build Malibu, Impala
General Motors said today that it is adding two shifts and about 2,500 hourly and salaried jobs at the Detroit-Hamtramck assembly plant to build the new Chevrolet Malibu mid-size sedan and the next-generation Impala large sedan. Continue reading
Posted in auto news, economy, electric vehicles, labor issues
Tagged auto employment, auto informed, auto manufacturing, auto news, autoinformed, autoinformed.com, automotive news, chevrolet volt, detroit hamtramck, electric vehicles, green vehicles, hybrid vehicles, impala, Ken Zino, malibu, opel ampera, u.s. unemployment, volt, volt shortages
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Treasury Secretary Defends $80 Billion Auto Bailout, Says 90,000 Jobs Added in Strongest Growth Period in Decade
“For the first time since 2004, all three American automakers have an operating profit. And since GM and Chrysler emerged from bankruptcy in June 2009, the industry has added nearly 90,000 jobs—the strongest period of job growth in more than 10 years,” Geithner said. Continue reading
Great Leap Forward! GM China Announces Five Year Plan to Double Sales by Introducing 60 New and Upgraded Models
In fact, due to a job creating industrial policy dictated by the Communist Chinese government, China is actually benefitting from leverage as all western automakers must establish joint ventures with local Chinese companies – some of them former munitions makers and military suppliers – in order to gain access to the lucrative market. Continue reading
Posted in auto news, economy, new vehicle, news analysis
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, china, china auto market, chinese auto market, chinese industrial policy, general motors china, gm china, gm china sales, Ken Zino, u.s. unemployment, zino
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