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Georgia’s unemployment rate drops to 7.7 percent in October
Georgia’s unemployment rate fell to 7.7 percent in October from 7.9 percent in September as employers stepped up their hiring, the state labor department said Thursday. “The rate fell as we had extremely strong job growth in October, which gave us the largest number of jobs in Georgia since May of 2008,” state Labor Commissioner Mark Butler said in a statement. There were 4,166,400 jobs in October, an increase of 33,800 from September. Ajc.com
Submitted 2 years 95 days ago

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Seafood workers to get second $500 million round of oil spill payments
A federal judge in New Orleans has approved a second $500 million round of oil spill payments to seafood workers. BP had fought to delay the payments, pointing to what it sees as problems within the compensation program. In Tuesday's (Nov. 18) ruling, U.S. District Judge Carl Barbier rejected BP's effort to block the funds until the seafood program has paid all eligible claims filed during the first round of payments. BP argued that moving forward violated the 2012 settlement deal and could compound errors and fraud in the program. Nola.com
Submitted 2 years 95 days ago

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Louisiana would get big economic boost from eastern Gulf of Mexico drilling, report says
Louisiana stands to gain more than 31,000 jobs and nearly $344 million per year in new state revenue over the next two decades if areas of the eastern Gulf of Mexico now off limits to oil and gas exploration are opened, according to a report released this week by the American Petroleum Institute and the National Ocean Industries Association. Federal law bans all drilling in the majority of the eastern gulf off the coasts of Mississippi, Alabama and western Florida through 2022. Nola.com
Submitted 2 years 95 days ago

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For Mary Landrieu, winning back oil and gas support will be difficult
Louisiana's oil and gas executives know that Democratic Sen. Mary Landrieu is a friend of the industry. They know about her experience, her committee assignment and her position against lowering ozone emission standards. But they also know that she voted for President Barack Obama's Affordable Care Act, and that vote more than anything else is why many of them will be supporting Republican Rep. Bill Cassidy in December. Nola.com
Submitted 2 years 95 days ago

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New Orleans' former World Trade Center: A look at 11 redevelopment proposals
New Orleans leaders now have a buffet of real estate developers' ideas for reviving the former World Trade Center, as Mayor Mitch Landrieu's administration makes another attempt at leasing out the vacant tower. Ten viable development teams -- both local and national -- are in the running to transform the 33-story riverfront building, according to the proposals released by the administration on Wednesday. "We think it's validation that New Orleans is a growing market that's ripe for investment," said Cindy Connick, executive director of the city's Canal Street Development Corp. Nola.com
Submitted 2 years 95 days ago

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Airbus hiring frenzy continues in Mobile with hunt for technicians, quality inspectors for A320 final assembly line
MOBILE, Alabama - The job postings just keep coming for Airbus' final assembly line under construction at Mobile Aeroplex at Brookley. The latest offerings include maintenance technicians for the automatic drilling shop and quality inspectors for the final assembly line, both of which require six to nine months training abroad. The maintenance technicians will support the workload for the shop housing the automatic drilling units, including setup, implementation and collaboration. Successful candidates will have at least five years' experience with the process, drilling templates, cutting tools and test equipment. AL.com
Submitted 2 years 95 days ago

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2014 north Alabama unemployment lower than state average, looks to improve in 2015
Huntsville, Alabama - North Alabama job seekers had a somewhat easier task overall in 2014 than previous years, and the outlook for 2015 looks to be cautiously better, say local and statewide economic watchers and forecasters. Despite softness in Huntsville's economy due to defense-related job cuts and budget sequestration, state economic watchers and local chambers say hiring has improved in 2014 and they look to better times next year. Though overall there had been a slowdown in Alabama job growth and employment from earlier 2014 estimates, that does not reflect the situation in most of north Alabama. AL.com
Submitted 2 years 95 days ago

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How to rescue the American family and fix the broken school system in one fell swoop
owadays, Elizabeth Warren mostly gets talked about as a potential progressive alternative to Hillary Clinton's inevitable Democratic coronation. But it's often ill-remembered that for most her life, she was an academic. One of her most fascinating works is her book The Two Income Trap. A lot of people have probably heard of the phenomenon of the two-income trap, but it's not discussed enough. This is the basic idea: financially, having both parents in a family seems like a no-brainer — it brings in more money. But it can actually become a trap if the costs involved in having both parents work become equal to the extra income that the second spouse brings in. For example, in most American settings, if both parents work, the family needs a second car, with all the expense and headache associated. The parents need to pay for child care. And so on. The Week
Submitted 2 years 95 days ago

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Rick Perry on his presidential bid: I was 'a bit arrogant'
Texas Gov. Rick Perry said in an interview released Wednesday that he was "a bit arrogant" when he launched his ultimately failed bid for president in 2011, but that after spending nearly two years "in preparation" for another, he feels "substantially more prepared to run." CNN
Submitted 2 years 95 days ago

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Rick Perry: Texas might sue Barack Obama
BOCA RATON, Fla. — Texas Gov. Rick Perry said the Lone Star State might sue Barack Obama’s administration over the president’s planned executive order to grant relief to as many as 5 million undocumented immigrants. “I think that’s probably a very real possibility,” Perry said during a panel here at the Republican Governors Association’s annual meeting. Politico
Submitted 2 years 95 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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