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Job Openings and Labor Turnover Make for Healthy Jobs Market
The U.S. Bureau of Labor Statistics has released its monthly Job Openings and Labor Turnover Survey. This is the so-called JOLTS report and it comes with a one-month lag. 247wallst.com
Submitted 1 years 223 days ago

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Mercedes-Benz R-Class moves out of Alabama
Production of the Mercedes-Benz R-Class officially kicked off today at a contract manufacturer in Indiana, marking the end of the luxury crossover's run at the German automaker's Alabama plant. AM General, producer of Humvees and other military and specialized vehicles, rolled out its first R-Class during a ceremony at its Mishawaka, Ind., plant. The company is Mercedes' first contract manufacturer in the U.S. AL.com
Submitted 1 years 223 days ago

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Big Oil promises jobs and money to promote drilling
Florida would be showered with thousands of jobs and billions of dollars of tax revenue over the next two decades if the federal government would quit standing in the way of energy exploration, the oil industry claims. The lure of jobs and money is part of a pitch to Congress to open much of the eastern Gulf of Mexico to rigs, just five years after the massive Deepwater Horizon oil spill. Sun-Herald
Submitted 1 years 223 days ago

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Rick Scott: Online job demand on the rise in Florida
Gov. Rick Scott’s office announced Tuesday that online job openings have jumped up over the past year, with July’s openings marking the state’s highest since May 2005. Saintpetersblog.com
Submitted 1 years 223 days ago

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Here’s one place where Americans spend the money they save on cheap gas
Back in November, economists excitedly predicted that lower oil prices would be great news for consumers. They suggested that Americans would save about $42 per month if gas prices remained low throughout the year, which would then translate into more discretionary spending. Business Insider
Submitted 1 years 223 days ago

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What happens if Alabama doesn't have a budget by October? Let's revisit 1975
A microfiche reader is the closest thing you'll ever have to a time machine. There are even a few of them still in working order at the downtown library, where on a Tuesday morning I ran into an old friend and fellow time-traveler. "I'm off to 1927," she said after we'd spent a few minutes catching up. "Have fun in 1975!" AL.com
Submitted 1 years 223 days ago

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Rehab center coming to Belle Glade will create 225 jobs
The East Coast version of California's Passages Malibu is coming to South Florida, and it's expected to create hundreds of high-wage jobs. Passages is a holistic treatment company that uses a 12-step program to help those battling addiction and eating disorders, and it's transforming the 100,000-square-foot site of the former Glades General into Passages Belle Glade. South Florida Business Journal
Submitted 1 years 223 days ago

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Ga., Fla. Claim Groups Aren’t Cooperating In Water Wars
Florida and Georgia's U.S. Supreme Court fight over water is hitting some obstacles. Georgia says the U.S. Department of Agriculture isn't turning some documents over, and Florida says a group called the ACF Stakeholders is doing the same. Wabe.org
Submitted 1 years 223 days ago

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GEICO’s Macon office invites job-seekers to join the team in midst of hiring boom
MACON, Ga.--GEICO’s Macon office is bringing new career opportunities to the “Heart of Georgia.” The company is continuing to fill 200 positions in sales, service, centralized services, claims, and the management development program announced earlier. New part-time jobs in the Emergency Roadside Service (ERS) unit are also available. Businesswire.com
Submitted 1 years 223 days ago

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The Tale of an Anxious Economic Recovery, Told by a Revived Textile Mill
Founded 150 years ago, the Faribault Woolen Mill in Minnesota survived the Great War and the Great Depression, not to mention World War II. But it almost did not make it through the Great Recession. New York Times
Submitted 1 years 223 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.
 


 

 

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