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U.S. job openings at their highest level in over a decade
WASHINGTON -- Job openings in June reached the highest number in 13 years, while hiring showed levels not seen since early 2008, according to a Bureau of Labor Statics report released Tuesday. The report came about a month after another BLS report showed that unemployment dipped to 6.1 percent in June – the best rate since September 2008 – suggesting that the American economy is distancing itself from the great recession. “The economy is definitely starting to gain some steam,” said Jordan Levine, the director of economic research at Beacon Economics, a California consulting firm. MiamiHerald.com
Submitted 1 years 345 days ago

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North Texas cities hoping to lure relocating Toyota employees
Toyota executives and employees have spent the week in North Texas, getting the lay of the land in advance of the company’s North American headquarters relocation to Plano, sources have told the Dallas Business Journal. Toyota is giving its employees the Lone Star treatment, touring schools and looking at residential real estate in Dallas-Fort Worth. Toyota is hoping to bring those employees to Texas when it relocates its North American headquarters to a new corporate campus in Plano in late 2016 or early 2017. BizJournals.com
Submitted 1 years 345 days ago

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3D Systems boosts manufacturing, distribution capacity
3D Systems Corp. (NYSE:DDD) has signed a lease for a 200,000-square-foot facility in Rock Hill as part of its previously announced expansion, the company said this week. The company said last fall that it would invest $10 million to expand its production capacity and add 145 jobs. The new facility announced this week will allow 3D Systems to consolidate its existing manufacturing and distribution operations in the area, while also boosting capacity, according to the company's news release. It is expected to open in early 2015. BizJournals.com
Submitted 1 years 345 days ago

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30 flights in 2 weeks: Here's when Alabama Gov. Robert Bentley was at his busiest
Alabama Gov. Robert Bentley has flown 600 times in just over three years, but the busiest stretch happened during a frantic two-week period. Bentley took 29 flights between April 28 and May 11, 2011, shortly after a disastrous string of tornadoes swept through the state. With the loss of homes, businesses and lives devastating communities across the state, immediate attention was required. But at the same time, the governor was expected in New Orleans for meetings to discuss another large disaster – the BP oil spill in the Gulf of Mexico that had dominated national headlines a year earlier. AL.com
Submitted 1 years 345 days ago

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Louisiana website will match employers and job seekers
A new state-operated website promises the business equivalent of online dating for job seekers and companies. Starting Monday, people can post their resumes on Louisiana Job Connection, a site commissioned by the state Department of Economic Development. Companies that do business in Louisiana started posting job openings on the site in June. The site will match skill sets in job openings with those listed in job seekers’ resumes. Nola.com
Submitted 1 years 345 days ago

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Important North Carolina Bill For Local Tax and Economic Development Changes is Mired in the Muck
The clock ran out on HB 1224 and we've had our fingers crossed for two weeks hoping that having the House and Senate both in session tomorrow might yield some legislative love and perhaps another look at HB 1224 -- which is somewhat controversial but contains for important provisions we'd like to see passed. This bill was introduced in the House to make changes to the economic development fund called JMAC (Jobs Maintenance and Capital Development). Typically when the JMAC is amended it is to assist a certain manufacturer with converting its manufacturing process to change its product. NatLawReview.com
Submitted 1 years 345 days ago

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Georgia’s unemployment rate jumps to 7.8 percent in July
Georgia’s unemployment rate rose to 7.8 percent in July from 7.4 percent in June, primarily because of seasonal layoffs in education and manufacturing, the state labor department said Thursday. Many of the layoffs were temporary and “most of those individuals have already gone back to work,” state Labor Commissioner Mark Butler said in a statement. Still, Georgia’s jobless rate has declined only modestly from 8.3 percent last July. And Georgia keeps falling further behind the national rate, which was 6.2 percent last month. AJC.com
Submitted 1 years 345 days ago

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How does Coastal Alabama benefit from the RESTORE Act now that the Treasury regulations are here?
The Treasury Department released Thursday a preliminary version of the rules that will govern the way millions of dollars will be spent to remedy damage done in the Gulf of Mexico. After a months-long delay, the interim final rule would grant Gulf States -- Alabama, Mississippi, Florida, Louisiana and Texas -- access to the fines paid by companies involved in the 2010 Deepwater Horizon oil spill. Already Transocean Ltd, which owned the rig that exploded killing 11 workers, has agreed to pay $1 billion for violating the Clean Water Act. AL.com
Submitted 1 years 345 days ago

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Aluminum processor building new facility in Ashville, Alabama
ASHVILLE, Alabama -- Groom's Aluminum Processing is building a new facility in Ashville, the St. Clair County Economic Development Council announced. The project is a new venture led by Dwayne Grooms, who is experienced in the aluminum processing and smelting industry. The 20,000-square-foot facility will be located on Industrial Park Drive in the Ashville Industrial Park. It is expected to open in November and bring 10 to 15 new jobs to Ashville. AL.com
Submitted 1 years 345 days ago

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Airbus launches third hiring wave for hourly manufacturing jobs at A320 final assembly line in Mobile
MOBILE, Alabama – Airbus posted Thursday its latest round of hourly manufacturing positions for its A320 final assembly line under construction at Mobile Aeroplex at Brookley. The positions cover seven different categories, and the starting hourly training rate ranges from $12 to $16 depending on the job. Specifically, the aircraft manufacturer is seeking candidates for systems installation, cabin interiors, sheet metal specialists, corrosion protectors, ground handling technicians, tool shop attendants and composite rework specialists. AL.com
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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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