Small Business Owners Struggling to Find Workers

Small Business Struggle

Small business owners are continuing to have problems attracting new workers in the wake of the coronavirus pandemic and are trying to entice them with new incentives, a new report from the U.S. Chamber of Commerce shows.

“Small businesses are bearing the brunt of the current worker shortage,” said Tom Sullivan, vice president of small business policy at the Chamber. “Many have given up on actively recruiting new workers as it is too hard to find skilled and experienced workers for their open positions.”

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Federal Unemployment Benefits Spur Hiring Crisis, Poll Shows

Woman Stressed at Computer

Republicans have argued for months that federal unemployment benefits are keeping Americans from going back to work, and a new survey seems to support that claim.

The survey from Morning Consult released Wednesday found that 1.8 million Americans have turned down jobs even though they were unemployed saying, “I receive enough unemployment benefits without having to work.”

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Economy Added 850,000 Jobs in June, Well Above Economists’ Forecasts

Person using a laptop, pointing to the screen

The U.S. economy reported an increase of 850,000 jobs in June and the unemployment rate ticked up to 5.9%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 850,000 in June, according to the Bureau of Labor Statistics report, and the number of unemployed persons increased to 9.5 million. Economists projected 700,000 Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.

“This is a trickier phase of the recovery,” Wells Fargo senior economist Sarah House told The New York Times.

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Commentary: China’s Threats to Taiwan Are Threats to American Prosperity

Semiconductor

The dictatorial, repugnant, and repressive Chinese government has ended freedom in Hong Kong. Now it threatens Taiwan, the most important producer of semiconductors for American products — jeopardizing America and her prosperity.

Most American producers are suffering shortages of semiconductors, and if China prevails in its quest to take Taiwan, China will be positioned to shut down American industry by refusing to ship semiconductors to the United States. A Sino-American embargo would precipitate the shuttering of automobile, appliance, and military equipment production, the internet, and processors in virtually every product and industry.

With laser focus, China’s government strengthens its military and economy, as our federal government officials — the most mendacious and incompetent since the FDR depression — weaken American manufacturing and commerce, subvert truth, and squander time and resources on the vacuous follies of gender politics and climate change.

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Four States to Slash COVID-19 Unemployment Aid Saturday

Man in gray shirt, standing in a shop

Four states will be cutting pandemic unemployment increases three months early, ending the supplemental $300 in federal aid.

Alaska, Iowa, Missouri, and Mississippi will end pandemic-related unemployment relief on June 12. An additional 21 Republican-led states will slash federal aid before it expires on Sept. 6, according to Business Insider.

Conservatives continue to advocate an end to the increased benefits, saying they are no longer needed now that the pandemic is contained and speculating that the high payouts are discouraging would-be workers from returning.

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Activists Look to the Future of Oil Pipelines Following Keystone XL Cancellation

Anti Keystone XL pipeline citizens

After the cancellation of the Keystone XL Pipeline struck a blow to the oil industry, energy jobs activists are pushing back by warning of increased costs and touting the benefits of transporting oil via pipeline.

TC Energy Corporation announced on Wednesday that it was cancelling the Keystone XL Pipeline less than five months after President Joe Biden rescinded a vital permit for the pipeline. The cancellation ends an over 12-year battle by activists from both sides over the oil pipeline. The pipeline would have started in the Canadian province of Alberta ultimately ending in Nebraska.

In a statement François Poirier, President and CEO of TC Energy Corporation, expressed disappointment.

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Commentary: Stop Calling It a ‘Labor Shortage.’ It’s an Incentive Shortage

It’s no secret that US businesses are struggling to find workers. Recent surveys have shown that small businesses are reporting record job openings.

Many have described the phenomenon as a labor shortage.

“Walk outside: labor shortage is the pervasive phenomenon,” economist Lawrence Summers recently observed at a conference hosted by the Federal Reserve Bank of Atlanta.

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U.S. Added Just 266,000 Jobs in April, Far Below Expectations

Worker in restaurant kitchen

The U.S. economy reported an increase of 266,000 jobs in April and the unemployment rate rose slightly to 6.1%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 266,000 in April, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons ticked up to 9.8 million. Economists projected a million Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.

“The pieces are really coming together for a burst in activity,” Sarah House, senior economist for Wells Fargo’s Corporate and Investment Bank, told the WSJ. “We’re expecting to see the labor market recovery shift into an even faster gear with the April jobs report.”

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Ohio Shows Worst Unemployment Recovery in Nation

Ohio had the slowest weekly unemployment claims recovery in the nation last week, based on a new report from the personal finance website WalletHub.

The report compared all 50 states and the District of Columbia over three metrics: changes in claims during the latest week compared with 2019 and 2020 and changes in claims filed from the beginning of the COVID-19 pandemic versus the previous year.

Based on the data, Ohio ranked 51st out of 51 in recovery over the latest week and 37th since the pandemic began. Ohio ranked behind Colorado, West Virginia, Mississippi and Virginia in weekly recovery.

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Analysis: Maximum Facts About the Minimum Wage

At 2:00 AM on Saturday, February 27, Democrats in the U.S. House of Representatives voted to pass a “COVID relief and economic support“ bill at a cost to taxpayers of $1.9 trillion. The next Saturday, Senate Democrats passed a very similar bill, and President Biden stated he will sign it. This will be the sixth “COVID relief” law and swell the tab for such legislation to a total of $5.3 trillion. The combined cost of these laws to every household in the United States will be an average of $41,036.

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U.S. Added 49,000 Jobs in January, Unemployment Rate Fell to 6.3 Percent

The U.S. economy reported an increase of 49,000 jobs in January while the unemployment rate fell to 6.3%, according to Department of Labor data released Friday.

Total non-farm payroll employment increased by 49,000 in January, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell to 10.1 million. Economists projected 50,000 Americans to be added to payrolls and the unemployment rate to increase to come in at 6.7% prior to Friday’s report, according to the WSJ.

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US Economy Lost 140,000 Jobs in December, Economists Expected a Modest Gain

The U.S. economy reported a decrease of 140,000 jobs in December while unemployment stayed unchanged at 6.7%, according to Department of Labor data released Friday.

Total non-farm payroll employment declined by 140,000 in November, according to the Bureau of Labor Statistics report, and the number of unemployed persons stayed stagnant at 10.7 million. The number marked the first time since April, the U.S. reported negative job growth.

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U.S. Economy Added 638,000 Jobs in October, More Than Expected

The U.S. economy added 638,000 jobs in October, while unemployment fell to 6.9%, according to Department of Labor data released Friday.

Total non-farm payroll employment rose by 638,000 in October, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 1.5 million to 11.1 million. The U.S. added 661,000 jobs in September while the unemployment rate dropped to 7.9%.

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Commentary: Illegal Immigration is Costing Michiganders Jobs

This November, Michigan voters would be wise to recognize the connection between their top concern — the economy — and illegal immigration. Study after study shows that illegal immigration puts downward pressure on wages and takes away Americans’ job opportunities.

That doesn’t seem to bother Democrats. Joe Biden’s immigration plans, which Democratic senators including Gary Peters support, would put the screws to America’s working class. His agenda includes an amnesty for 11 million illegal immigrants already here. In addition, Biden wants to suspend all deportations during his first 100 days in office and relax the rules for claiming asylum.

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Commentary: Biden’s Top Five Job-Killing Policies

Under a Joe Biden presidency, millions of American workers would lose their jobs, families would struggle to pay higher taxes, and many would be forced into unions against their will.  At a time when millions of Americans are already struggling due to Covid-19 economic shutdowns, Biden’s job-killing policies would be a disaster.

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661,000 Jobs Added in September, Less Than Expected

The U.S. economy added 661,000 jobs in September, while unemployment fell to 7.9%, according to Department of Labor data released Friday.

Total non-farm payroll employment rose by 661,000 in September, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 1 million to 12.6 million.

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Commentary: Economic Bounce Back Continues with 14.1 Million More Jobs Recovered Since April

Another 275,000 jobs were added to the U.S. economy in the month of September, according to the Bureau of Labor Statistics’ (BLS) household survey, and 661,000 in the establishment survey, adding to the miraculous economic recovery that has taken place since COVID-19 lockdowns this spring as now states and businesses continue reopening at a rapid clip.

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Commentary: Pelosi Holds Millions of Small Businesses Hostage While Working Families Struggle

At the height of the COVID-19 pandemic, when a lot less was known about the virus and how to counter it, and while the nation was still ramping up production of testing and hospital resources including ventilators needed, 25 million jobs were lost across the country, according to Bureau of Labor Statistics data.

Since labor markets bottomed in April, 13.8 million jobs have been recovered, as states have begun steadily reopening in the months since.

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New Unemployment Claims Decrease to 860,000, Beating Predictions

The number of Americans filing new unemployment claims decreased to 860,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Department of Labor figure released Thursday represented an decrease of new jobless claims compared to the week ending on Sept. 5, in which there were 884,000 new jobless claims reported.

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US Economy Added 1.4 Million Jobs in August, Unemployment at 8.4 Percent

The U.S. economy added 1.4 million jobs in August, while unemployment fell to 8.4%, according to Department of Labor data released Friday.

Total non-farm payroll employment rose by 1.4 million in August, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 2.8 million to 13.6 million. The unemployment rate fell below 10% for the first time since April when the rate reached 14.7%.

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Amazon to Add Thousands of Tech, Corporate Jobs in Six American Cities

Amazon plans to create 3,500 new tech and corporate jobs in six cities nationwide, the company announced Tuesday.

Most of the company’s new hires will be located in Amazon’s New York office with the rest being added in Dallas, Detroit, Denver, Phoenix and San Diego, according to a press release. Amazon also announced plans to expand the six offices to accommodate the new hires.

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Commentary: Will the Virus Ever Allow the U.S. Economy to Fully Reopen Again?

The U.S. economy contracted a record-setting, inflation-adjusted, annualized 32.9 percent in the second quarter of 2020 according to the latest data from the Bureau of Economic Analysis as tens of millions of Americans waited out the Chinese coronavirus in their homes, not venturing out much except for work and needed supplies.

The second quarter comprises of April, May and June, when in Bureau of Labor Statistics’ household survey 25 million jobs were lost by April and then 8.8 million came back in May and June as states slowly began reopening.

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3.3 Million File Unemployment Claims in U.S. – a Record Number

Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.

The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed.

The previous high in a single week, according to the department, was in October 1982, when about 695,000 claims were filed. The nearly 3.3 million claims filed last week is nearly five times the prior record.

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2019 Was the Slowest Year for New Jobs in Ohio in a Decade, Economist Says

An economic expert says Ohio’s latest unemployment data show 2019 was the slowest year for new jobs in a decade — and the state lagged behind the nation in creating new jobs.

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Commentary: This Ohio Town Is Seeing Manufacturing Jobs Come Back

Thirty miles west of Cleveland along the Lake Erie shoreline sits a town named Lorain, Ohio. Famous for being the birthplace of Toni Morrison, Lorain was once a bustling steel town that drew people from all over the country for manufacturing work. Even the high school football team was named “The Steelmen.” But today, like many Rust Belt towns, Lorain shows signs of decay: ramshackle houses, vacant buildings covered in graffiti, and abandoned plants and factories — lots of them.

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Commentary: Good Economic News Missing From the Mainstream Media Again

You didn’t see it on the front page of one of the establishment newspapers or in the lead segment on establishment TV, but Reuters reported the number of Americans filing applications for unemployment benefits unexpectedly fell last week, hitting their lowest level in seven months, indicating the labor market remains solid.

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Could Ohio’s CAT Tax Be Responsible for Record Number of New Business Filings?

  If Ohio is adding record numbers of new businesses as a top official recently announced, where are the jobs? Ohio Secretary of State Frank LaRose two weeks ago announced 11,920 new entities filed to do business in Ohio in October, allowing Ohio to reach 113,272 new businesses in the…

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Commentary: The Good Economic News No One Heard About

A few weeks ago, the Census Bureau released the 2018 Income and Poverty in the United States report, but you probably didn’t see anything about it because it received scant attention in the establishment media because it reported such positive results mostly attributable to President Trump’s economic policies. Instead, what little media attention that the report received focused on a meaningless measure of income “inequality.”

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Commentary: The August Jobs Report Is Not ‘Mixed’ It’s Yuuge

The anti-Trump talking-down-the-economy crowd has America already in a recession, with POLITICO’s Morning Money leading its Thursday morning news with, “…manufacturing in recession and capital expenditures dropping, the strong consumer is the final leg holding up the U.S. economy. But the length of the workweek dipped in July, often a leading signal that employers are cutting back. A sharp slowdown in job creation could follow.”

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Commentary: A Market That the Democrats Want to ‘Fix’ Until It’s Broken

Ohio’s economy is thriving, but it’s all at stake as the 2020 presidential election nears. In fact, the growth we’ve experienced under President Trump would quickly evaporate in our state if the destructive policy agenda of the Democrat’s presidential candidates is fulfilled.

When Donald Trump visited Cincinnati for his latest blowout campaign rally, he made sure to remind us of everything we’ve accomplished together over the past two and a half years — and of everything that we stand to lose if the Democrats manage to win the White House in 2020.

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June Jobs Report: 224,000 Jobs Added, Unemployment At 3.7 Percent

by Mary Margaret Olohan   The U.S. economy added 224,000 jobs in June, while the unemployment rate slightly increased to 3.7 percent, according to Department of Labor data released Friday. 224,000 jobs were added in June, according to the Bureau of Labor Statistics report, about double the number economists predicted.…

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Ohio’s Unemployment Rate Drops to 4.4 Percent from February to March

Ohio’s state unemployment rate is at an 18 year low even after General Motors closing down its Lordstown factory. The Buckeye state’s unemployment dropped from 4.6 percent in February to 4.4 percent in March. The last time Ohio’s unemployment reached 4.4 percent back was in August of 2001. Despite this…

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Economist Cautions Against ‘Spending Increases’ After Ohio Jobs Report Shows ‘Conflicting Trends’

Ohio’s monthly jobs report released this week showed that while the state saw a loss of 7,900 private sector jobs, the unemployment rate fell to 4.6 percent. According to a press release from the Ohio Department of Job and Family Services, the unemployment rate dropped from 4.7 percent in January…

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Report: Ohio Job Growth Strong in 2018

Friday, Ohio’s private economic development corporation, JobsOhio, released their annual report for 2018. The report assessed current projects,  jobs created, jobs maintained, and lastly, capital investments. By these metrics, 2018 appeared to be a strong year for Ohio. However, there are qualifiers to their findings. Overall, by JobsOhio assessment, the organization…

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Steve Cortes Commentary: The U.S. Economy Is Proving Critics Wrong Yet Again

by Steve Cortes   The booming U.S. economy is proving the Democrats wrong yet again — liberals keep predicting a recession, but businesses just keep on hiring. According to the recently published data from the Department of Labor, nonfarm payrolls surged by 304,000 jobs in January, nearly doubling the 165,000 jobs that…

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Ohio Jobs Report: A Strong Year Ends on a Dismal Note

While 2018 was, overall, steady for job growth, the year ended on a sour note for the Buckeye State. The Ohio jobs report for December 2018 has been released and it appears to have been a disappointing month. While unemployment remained at an unchanged 4.6 percent from November to December,…

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As US Economy Swells, Ohio Gets Left Behind

2018 was one of the best economic years for America in decades. The coup de grâce came in December with a jobs report that shattered the most generous expectations by more than double. 312,000 new jobs were added to the US economy. While unemployment rose slightly, this was primarily due to…

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Ohio Proves Resilient as the Partial Government Shutdown Marks Its Second Week

With no end in sight to the partial-government shutdown, federal workers nationwide are adjusting to the possibility of an extended shutdown. While many areas of the country are heavily impacted, Ohio is poised to weather this storm. In a new report published Thursday, Ohio was revealed to be one of the…

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