Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
0
Likes

Arkansas Jobless Rate Down to 5.8 Percent in November
The unemployment rate in Arkansas fell to 5.8 percent in November, down from 6.1 percent in October. The 5.8 jobless rate matches the U.S. rate, which remained stable between October and November. According to the state Department of Workforce Services, Arkansas' civilian labor force rose by 8,100, a result of 10,300 more employed and 2,200 fewer unemployed Arkansans. In all, Arkansas' total workforce was 1,315,600 in November, down by 10,700 from the same time last year. Arkansas Business
Submitted 1 years 245 days ago

0
Likes

PortSide: Container growth continues at Georgia's ports
Container traffic continues to increase at Georgia Ports Authority, with 271,357 twenty-foot equivalent container units — or TEUs — moved in November, an increase of nearly 12 percent over the same month last year. “Continued growth — without delays or congestion — highlights Georgia’s ability to strategically expand both capacity and market share,” said Curtis Foltz, GPA executive director. “We have much to be thankful for this holiday season.” November’s numbers reflect a trend of growth for the first five months of fiscal 2015, which began July 1. Since that time, the port has moved 1.47 million TEUs for a 12.8 percent increase over the same period in fiscal year 2014. Savannah Morning News
Submitted 1 years 245 days ago

7
Likes

Rise of the machines: U.S. workers struggle to keep pace with robots
A machine that administers sedatives recently began treating patients at a Seattle hospital. At a Silicon Valley hotel, a bellhop robot delivers items to people’s rooms. Last spring, a software algorithm wrote a breaking news article about an earthquake that the Los Angeles Times published. Although fears that technology will displace jobs are at least as old as the Luddites, there are signs that this time may really be different. The technological breakthroughs of recent years – allowing machines to mimic the human mind – are enabling machines to do knowledge jobs and service jobs, in addition to factory and clerical work. Raleigh News & Observer
Submitted 1 years 245 days ago

0
Likes

With foreign demand rising, hog producers look to expand
RALEIGH — Last year, a few months after a Chinese company bought Smithfield Foods – the world’s largest producer of pork, and a major player in North Carolina’s second-in-the-nation hog farming industry – Mike Williams’ phone rang at N.C. State University. The fast-rising Chinese demand for imported pork was calling, and it had some questions. Smithfield’s new owner, Shuanghui International Holdings, wanted Williams and three other senior NCSU scientists to come to China to talk pork. It was happy to foot the bill. In January, when the scientists arrived in China, it was obvious to Williams that he was expected to explain the substantial waste-related hurdles to expanding pork production in North Carolina. Raleigh News & Observer
Submitted 1 years 245 days ago

14
Likes

PolitiFact Florida: Gov. Scott touts reaching 700,000 jobs, but he promised more
Less than three weeks before his second-term inauguration, Gov. Rick Scott is crowing that he has accomplished a goal he initially said could take seven years, despite the fact he isn't even halfway to what he actually promised. Scott and the Florida Department of Economic Opportunity said Friday that as of November, the state had added 715,700 private-sector jobs since December 2010, according to Bureau of Labor Statistics data. The governor used those numbers to declare victory on a major platform plank, his "7-7-7" jobs growth plan, in which he promised the state would add 700,000 jobs in seven years by implementing Scott's seven-point economic plan. Never mind that in 2010, Scott had actually promised 700,000 on top of normal growth, which means 1.7 million total. He's also ignoring tens of thousands of employees cut from government payrolls over the past four years. Tampa Bay Times
Submitted 1 years 245 days ago

12
Likes

Florida's unemployment rate falls to 5.8 percent as job growth improves
Job creators throughout Florida deserve an extra eggnog toast this season. After an up-and-down year, Florida posted back-to-back months of strong job creation, bringing more sidelined workers back into the economy with every job category growing, even government. In November, the state's unemployment rate tumbled below 6 percent for the first time in six-and-a-half years, reaching 5.8 percent. During the month, it added a sizable 41,900 jobs, second-best in the country, trailing only California. Compared to a year ago, Florida is up by 229,900 jobs, a 3 percent boost. Tampa Bay Times
Submitted 1 years 245 days ago

3
Likes

Rockefeller made his mark on West Virginia's economy
West Virginia’s business landscape changed in the 1990s with the addition of a Toyota manufacturing plant in Buffalo. Sen. Jay Rockefeller, D-W.Va., was instrumental in bringing the Japanese company to the Mountain State, having forged a relationship with officials in the Asian country. Once Toyota broke ground on a facility in Putnam County, other Japanese companies followed suit. Since then, at least six Japanese companies, and a host of other international corporations, have set up shop in West Virginia. And their presence just keeps growing. Charleston Daily Mail
Submitted 1 years 245 days ago

3
Likes

RDU's Terminal 1 achieves LEED certification
Raleigh-Durham International Airport's newly renovated Terminal 1 joins the ranks among airports with LEED (Leadership in Energy & Environmental Design) certified buildings. To achieve the sustainability needed for the U.S. Green Building Council to award the certification, the Airport Authority implemented LEED guidelines during the renovation of Terminal 1, which reopened this summer. That includes sustainable water-usage practices, energy efficiency, and building materials. Triangle Business Journal
Submitted 1 years 245 days ago

9
Likes

Atlanta airport seeks developers for Airport City (SLIDESHOW)
The world's busiest airport plans to add an upscale hotel next to its domestic terminal, a sorely needed amenity for the more than 250,000 travelers that pass through daily. The hotel is the centerpiece of an effort to spur commercial real estate development around the more than 4,700-acre campus of Hartsfield-Jackson Atlanta International Airport. It could also include office buildings and retail space. Atlanta Business Chronicle
Submitted 1 years 245 days ago

3
Likes

Industrial Development Board OKs Bridgestone project incentives
The 460-foot Bridgestone Tower is ready to rise. Last Friday, the Metro Industrial Development Board voted 9-0 to approve a roughly $100 million incentives package for the project, as reported by Nashville Business Journal. As of last Thursday, the SoBro site (see here in an image courtesy of Google Maps) on which the 30-story skyscraper will be built had been fully fenced. Look for developer Highwoods Properties and general contractor Brasfield & Gorrie to soon land an excavation permit. Nashvillepost.com
Submitted 1 years 245 days ago

 

 

 

Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

http://www.knoxvillechamber.com/
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2016 Randle Report
All of the South's Business and Political News in One Place
Login