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Tag Archives: unemployment
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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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
EU-South Korea Free Trade Agreement Favors Koreans
Under current market conditions, this waiver will not balance the current €10.7 billion trade deficit in automobiles, according to the respected consultancy Frost & Sullivan. Continue reading
Posted in auto news, economy, labor issues, news analysis
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, eu korea fta, eu korean fta, ford Europe, free trade, frost & sullivan, fta, Ken Zino, korea fta, Korean fta, prana tharthiharan natarajan, unemployment, zino
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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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Another 400,000 Apply for Unemployment as Congress takes Month-Long Paid Vacation. No Job Creating Policies in Place
A new U.S. Senate report from the Joint Economic Committee says this: “Two years after the Great Recession officially ended, (Does anybody really believe the recession ended?) unemployment remains above 9% (the real rate is likely 12% or more). Equally alarming, the record long-term unemployment that characterized the Great Recession has shown few signs of abating and remains at near-record levels. Almost 4.5 million workers have been unemployed for a year or more. Another 1.7 million have been jobless for between six months and a year. Continue reading
Bye Bye American Dream – One in Four Could Not Pay for a Major Automobile Repair in Latest Economic Survey From AAA
One in four American drivers could not pay for a car repair of $2,000 if faced with one today, according to the results of a survey released today by AAA. The survey also said one in eight would be unable to pay for a repair bill of $1,000 – easily reached with overly complex vehicles on the road. Continue reading
Tax Cuts, Deregulation Led to Jobs Crisis AFL-CIO Forum Claims. More of Same Means Fewer Consumers
Since two-thirds of the economy of the United States is based on consumer spending, no wonder corporations are reluctant to hire. There is just too much uncertainty in the economy, too much uncertainty in Washington. We could be heading for another recession while politicians dicker. Continue reading
U.S. Unemployment Rises Again in June to an Official 9.2%
This means that more than 14 million Americans are unemployed, with at least another 10 million underemployed. The average length unemployment is now the highest on record. The Administration and its cabinet appointees as well as Republicans were quick to attempt damage control. Continue reading
Editorial: Happy Fourth of July! More Independence Needed
We should celebrate our past today, and honor the men and women of vision – and property – who created this country starting with the War of Independence, continuing through the Articles of Confederation and the U.S. Constitution that is still in place, as fine a document of governance of the people, by the people and for the people that ever existed. Remember well the resounding words of its preamble – WE THE PEOPLE. And we need to toss out of office the people who don’t understand WE, who are in it just for ME. Continue reading
Posted in economy, environment, fools 'n frauds, people
Tagged 1776, auto informed, auto news, auto trade policy, autoinformed, autoinformed.com, automotive news, corrupt politicians, energy policy, independence day, industrial policy, july fourth, Ken Zino, national debt, unemployment, zino
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Ford of Europe CEO Stephen O’Dell Calls for a Comprehensive Industrial Policy and Rejection of Korean FTA
Odell also criticized a proposed Korean trade agreement, which in a different form is also controversial in the U.S. However, Ford in the U.S. supports a pending Korean FTA, which is opposed by all major U.S. unions except for the United Autoworkers. A Ford spokesperson was unable to explain the disparity in the conflicting positions. Continue reading
Posted in auto news, economy, labor issues, manufacturing, news analysis
Tagged afl-cio, auto informed, autoinformed, autoinformed.com, cwa, eu industrial policy, eu korean fta, Ford, ford europe korean fta, hyundai, Ken Zino, kia, Korean free trade agreement, Korean fta, odell, richard trumka, trade, trade imbalances, u.s trade deficit, uaw, unemployment, usw, zino
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$10,000 Increase per Auto Under Fuel Economy Proposal?
Some of the proposed changes to increase fuel economy and decrease greenhouse gases starting in 2017 could cost new car buyers from $3,700 to more than $9,000 per vehicle if they are adopted, and that’s before another $1,500 or so is added for additional safety equipment.
The new fuel economy mandates under consideration by the government are based on reducing emissions ranging from 3% to 6% per year, the same as increasing fuel mileage equivalent amounts. The highest increase, 6% per year, will raise the Corporate Average Fuel Economy (CAFE) from 35.5 mpg in 2016 to 62 mpg in 2025. Continue reading
Posted in alternative fuels, auto news, economy, electric vehicles, environment, news analysis
Tagged auto informed, autoinformed, autoinformed.com, cafe, car, center for automotive research, co2, economy, fuel economy regulations, ghg, job losses, Ken Zino, regulations hurting jobs, sean mcalinden, unemployment
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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
Korean Automakers Post Huge U.S. Sales Gains as Disputed Free Trade Agreement Heads for Congressional Approval
Some of the biggest sales gains in May were posted by Korean automakers Hyundai (up 20.7% versus a year ago) and Kia (up 53.4%). Combined, the two Korean automakers sold more than 100,000 vehicles for the month. Korea is the fifth largest producer and fourth largest exporter of motor vehicles in the world.
However, Korea ranks at the very bottom — 30 out of 30 among the largest automotive markets — for auto market access. The average among major developed economies is 40% market penetration by imported automobiles, but in Korea, the total of import vehicles from all global manufacturers in all countries entering the Korean market is around 3.6%. This is about 40,000 vehicles in a market that buys roughly one million vehicles annually. Continue reading
CAR on U.S. Economy Impact of GM’s Plant Investments
In an analysis of General Motors’ newly announced plant investments, the Center for Automotive Research (CAR) today said that more than 28,000 jobs will be retained or created, and will contribute almost $2.9 billion to the U.S. Gross Domestic Product. Continue reading
Posted in auto news, economy, labor issues, manufacturing, news analysis, results
Tagged auto bailouts, auto informed, auto news, autoinformed, autoinformed.com, automotive news, car, center for automotive research, chrysler, GM, gm bankruptcy, gm employment, Ken Zino, manufacturing jobs, unemployment
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GM to Invest $2 Billion in U.S. Plants, Depending on Tax Breaks
Critics, of course, say the cost per job – when you total all the loans and tax breaks – is exorbitant, especially since what is mostly going on these days is the retention of existing jobs long after jobs move South to non-union transplants. Continue reading
