Supply jobs – Q Porkchains http://q-porkchains.org/ Tue, 07 Dec 2021 05:17:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://q-porkchains.org/wp-content/uploads/2021/11/cropped-icon-32x32.png Supply jobs – Q Porkchains http://q-porkchains.org/ 32 32 Abattoir, apprenticeship program marks an era for Buzz Food Service | News, Sports, Jobs https://q-porkchains.org/abattoir-apprenticeship-program-marks-an-era-for-buzz-food-service-news-sports-jobs/ Tue, 07 Dec 2021 03:55:47 +0000 https://q-porkchains.org/abattoir-apprenticeship-program-marks-an-era-for-buzz-food-service-news-sports-jobs/

CHARLESTON (AP) – Dickinson and Angela Gould are training meat cutters in their apprenticeship program while considering opening a future slaughterhouse, or slaughterhouse, early next year. It’s a busy time in the meat game.

The Goulds own Buzz Food Service, a rare West Virginia business whose products transcend perception. From his home just east of Charleston on US 60 between Malden and Belle, he produces the legendary Buzz Buttered Steak. Generations of Kanawha Valley residents might have thought these frozen beef patties were a national product, as ubiquitous as they were in their households.

While Buzz Butter Steaks are basic and affordable, the Goulds have five beefy guys training to cut bigger, more expensive cuts of beef.

“It went well” Angela Gould spoke earlier this week about an apprenticeship program that began on September 7th. “It’s a team of people who are really engaged and excited about the work. It is skilled work. There are skilled jobs to be found across the country.

The apprenticeship program and the $ 6.5 million slaughterhouse are linked. The company will need around 40 new employees once the slaughterhouse doors open. Twenty-five will be butchers, with the possibility of moving in the direction.

The first class was treated well. They get paid while they work, learning different cuts of beef and how to administer them. At the end of their two-and-a-half-year apprenticeship, they will earn $ 20 per hour.

Beau Bellamy, 30, moved to the Charleston area years ago to work for the county ambulance authority. He chose the butcher’s shop for the practical experience.

“When I was little, my father mowed a lot” Bellamy said. “He said he liked to see his progress. This is how I see it. It’s nice to work in a career when you can show someone what you’ve done. And now I’m part of a team that cuts steaks for the best place like this in West Virginia.

JJ Johnson is another member of the class.

“I learned more about meat than I thought. If you need any help here all you have to do is ask and they will do it without any breaks.

By the time the men complete their training, they will hold Federal Journeyman Meat Cutter licenses from the Department of Labor, valid throughout the United States. No apprentice has to pay for anything, including books, said Angela Gould’s assistant Sierra Jones.

Buzz Food, founded by the Gould family in 1968 and in its current location since the mid-1980s, is a tailor-made framework for today’s state job market, said Dickinson Gould.

“A lot of people here look at that and say, ‘Hey, I can do that kind of work,'” Dickinson Gould said. ” It’s a job. You wear boots. They are skilled with a knife, cleaning their own deer for quite some time now. It can be something they are comfortable with.

“It’s not like trying to get a coal miner interested in computer coding. Do you know a lot of coal miners who want to code? “

Not only are apprentices learning the trade in Charleston, the Goulds organized a trip to the Certified Angus Beef brand headquarters near Cleveland, Ohio, for further instructions The training is going well, setting the stage for the next production of the Gould – the abattoir, which means abattoir in French.

It comes from the French verb abattre, or “tear down.” Slaughterhouses are often referred to as slaughterhouses across the South, the Goulds said.

Dickinson Gould said West Virginia ranchers are currently shipping their cattle to the Midwest for slaughter. Buzz Food gets the finished product, “Canned meat” cardboard boxes full of large pieces.

These cuts are cut to specifications from local restaurateurs, for the most part, although the Dickinsons believe opening the slaughterhouse will break a retail market as well.

“We know that there has been a vacuum in the market for at least a decade” Dickinson Gould said. He believes the cattle in Greenbrier, Monroe, Mason and Jackson counties will provide plenty of cattle for slaughter.

Dickinson Gould said a more rural location might have been a better location for the slaughterhouse due to the cattle unloading site next to a four-lane highway, but hiring might be easier. Kanawha is the most populous county in the state.

He said his slaughterhouse would be as human as it gets. The cows will be cushioned in hydraulic side cushions, which soothe them, while another device supports their head. Then a steel rod penetrates their skulls.

Not everything has a happy ending.

To inquire about learning how to cut meat from Buzz Foods, call either Sierra Jones at 304-925-4781, ext. 102, or Angela Gould at the same number, ext. 107

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900 Better.com employees learn their jobs are cut in Zoom call https://q-porkchains.org/900-better-com-employees-learn-their-jobs-are-cut-in-zoom-call/ Mon, 06 Dec 2021 18:00:56 +0000 https://q-porkchains.org/900-better-com-employees-learn-their-jobs-are-cut-in-zoom-call/

About 900 digital mortgage company employees Better.com learned they were fired during a brutally scheduled three-minute group Zoom call weeks before Christmas.

“I come to you with no good news,” CEO Vishal Garg said at the start of the Dec. 1 meeting, according to a recording of the call posted on TikTok.

“We are laying off about 15% of the business for a number of reasons – efficiency and market performance, and productivity,” he said.

“If you’re on that call, you’re part of the unlucky group that’s being laid off,” Garg continued. “Your employment here is terminated with immediate effect. “

He told employees the decision to let them go was “difficult”.

Better.com CEO Vishal Garg in a Zoom call where he announced layoffs.

“This is the second time in my career that I’ve done this, and I don’t want to do this. The last time I did it, I cried,” Garg said. “Um, this time I hope I am stronger. “

He also told the hundreds of former employees that they would receive about a month’s salary and three months of benefits, all of which would be detailed in a human resources email sent to their personal email addresses.

An employee who was fired that day said his company-supplied computer went dark shortly after the call ended. He did not receive the email from human resources until a few hours later.

“I was sitting here thinking, ‘What is this?'” The employee, who asked not to be identified for fear of reprisal, told NBC News.

He added: “I thought I was safe. I had perfect reviews and I thought I was an integral part of the team. It’s a disappointment because I know I worked really hard for it. help build this business and it looks like I just wasted my time. “

The way Garg chose to fire hundreds of people was shocking, the former employee said.

“It looked like he could have found a better way to go about it,” he said. “Maybe in single rooms with HR.”

Better.com announced in may plans to go public, but the deal was delayed.

A day before the layoffs, the company received an injection of $ 750 million from its backers, Fortune and TechCrunch reported.

The employee who was made redundant said it was an indication the company was in “urgent need of capital”.

“It’s definitely not good no matter how they turn it,” he said.

Representatives for Better.com did not respond to multiple requests for comment from NBC News.

In a statement sent to other media outlets, Kevin Smith, the company’s chief financial officer, called the cash advance and the layoffs a victory for the company.

“A stronghold record and a small, concentrated workforce have put us together to go on the offensive in a radically changing home ownership market,” he said.

Garg founded the company in 2014 “with the goal of overhauling the mortgage process,” according to the Better.com website. Garg wanted to make buying a home faster, easier and cheaper.

Better is based in New York City and has additional offices in Charlotte, North Carolina; Oakland and Irvine, California; and Gurgaon, India.

Ali gostanian and Bianca Britton contributed.

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Good news for Black Friday | News, Sports, Jobs https://q-porkchains.org/good-news-for-black-friday-news-sports-jobs/ Mon, 06 Dec 2021 07:31:37 +0000 https://q-porkchains.org/good-news-for-black-friday-news-sports-jobs/

We are happy that local business owners and staff tell us that Black Friday went well, with “many families” keep our traders “very busy,” in the words of two downtown business owners.

We hope this is an early sign that the hurdles that have plagued retailers – from pandemic lockdowns to supply chain issues and labor shortages – are starting to fade and our economy continues to grow. reprise.

Our local businesses create jobs, pay taxes, meet the needs of local consumers, and donate for recreation and other activities. They are an integral part of our communities, and our communities can only prosper if they also prosper.

In addition, successful retailers reassure and encourage other potential entrepreneurs to pursue new business ventures, thereby creating more jobs, paying more taxes and providing more options for customers.

And of course, local business owners and their employees are our neighbors, friends and family. Beyond the jobs created, taxes paid and contributions to school games and youth sports teams, we are happy to see our family, friends and neighbors succeed.

The dynamic activity seen in local stores on Black Friday reported in the Sun-Gazette is indeed good news. We celebrate their accomplishments and hope that the coming year will bring more success and opportunity to our local businesses and their staff.

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Spend a week in Sevierville | News, Sports, Jobs https://q-porkchains.org/spend-a-week-in-sevierville-news-sports-jobs/ Sun, 05 Dec 2021 07:30:00 +0000 https://q-porkchains.org/spend-a-week-in-sevierville-news-sports-jobs/ The statue of country singer-songwriter Dolly Parton graces the lawn of the Sevier County Courthouse in her hometown of Sevierville, Tennessee.

Our first visit to Dandridge was on a rainy day so we didn’t stop to see a few of the sights along the way. We came back because we liked what we saw the first time around. One of our stops was at Douglas Dam, which is part of the Tennessee Valley Authority (TVA). TVA was established in 1933 to control flooding in the Tennessee River, generate electricity, and boost the economy of the Tennessee Valley, which was badly affected by the Great Depression. Currently, TVA employs around 11,000 workers.

In addition to flood control and the provision of electricity, the VAT management of the Tennessee river system ensures navigation and recreation, as well as a stable water supply to cities and suitable habitat for fish and game. Before the TVA, the Tennessee River frequently flooded towns and entire farms, washing away fertile soils and making river navigation dangerous.

The purpose of the TVA for the construction of the Douglas Dam in 1942 was to provide the surrounding area with much needed electrical power. Electricity was supplied to two major industries of World War II: aluminum production and the operation of the Manhattan Project in Oak Ridge, Tennessee. The operation was a nuclear development site that played a leading role in the creation of the atomic bomb. The 202-foot-high by 705-foot-long dam was completed by 6,220 workers working around the clock, over a period of 384 days. This was possible because TVA had completed the nearby Cherokee Dam a few weeks earlier. The immediate availability of drawings, experienced engineers, construction workers and heavy equipment contributed to the speed with which the Douglas Dam was constructed.

The dam can be visited from three levels. The first is the lower level up close and personal. A two-level grassy park rises above the dam. A restroom and pavilion are located on the upper level, which makes sense as this is where the best scenes can be viewed.

TVAs Douglas Dam powered the Manhattan Project, a nuclear development site that was instrumental in the creation of the atomic bomb. Beverly Kehe-Rowland Pictures

One of our afternoons in Sevierville was spent playing a favorite game of dominoes, then having dinner with my husband’s classmate and her husband, who were coincidentally staying a few miles from Pigeon Forge. Sharon and Chuck reside in Texas but travel in a large RV with a van in tow for much of the year. This trip came about because they had to oversee the mountainside construction of their daughter’s and son-in-law’s house. We were invited to climb the mountain with the Van Tassels to check the builders a few days later.

The log house had been built in another condition, completely dismantled, log by log, and transported to the site on two low bed trailers. Since the construction site was on the mountainside and there was a steep driveway with no space to rotate the large platform, the crane used to lift the logs lifted and spun the trailers. One trailer was on top of the other and one of the tractors that had brought them up the mountain towed them. Sometimes the events behind the scenes can be very interesting.

After spending the afternoon on top of a mountain near Pigeon Forge, we headed to the Ripley Smokies Aquarium in Gatlinburg. This was our second visit to a Ripley Aquarium, the first being in Myrtle Beach, SC. This particular place had been voted the best aquarium in the United States and was home to over 10,000 sea creatures made up of over 350 species. Poisonous frogs, sharks, stingrays, and penguins were just a few of the common varieties featured, but there were much rarer creatures. Some less common to us were the ornate cowfish, the feathered anemone with their frilly tentacles, and the potted-bellied seahorse, whose males hatch between 300 and 700 young at a time.

The exhibits gave visitors the impression of seeing the creatures in their natural habitat. A people carrier transported guests through a winding 100-meter underwater tunnel through Shark Lagoon. The aquarium had a program in place where children could spend the night in the tunnel. There were a few hands-on activities for kids and adults. My husband is the news reader. I’m more drawn to shapes, colors, and expressions, though aquarium dwellers can have expressions.

We don’t consider a complete trip without at least a little world history, like the time we were on a boat in Glacier National Park and encountered a NY State Trooper and his wife. They lived in Jamestown and both had just retired. The story of this trip took place when we attended the church of a lady I met at TJ Maxx in Sevierville. After the evening service, we learned that her husband had grown up just 30 minutes from our house.

Male pot-bellied seahorses brood 300-700 young at a time, which can occur up to four times a year. Photo by Beverly Kehe-Rowland

Ever since internationally acclaimed singer-songwriter-actress Dolly Parton grew up in a one-bedroom log cabin on Locust Ridge Road outside of Sevierville, there have been recalls of her in many places. Probably the most popular are the Dollywood Theme Park and Dolly Parton’s Stampede, a dinner attraction set in a 35,000-foot equestrian arena. A six-and-a-half-foot-tall statue of Dolly with Guitar is located on the lawn of the Sevier County Courthouse.

After our week in Sevierville, we drove to Nashville, but not on four-lane freeways. As we had time, we walked the path we prefer the most, on the roads that wind between the small villages. This allowed us to stop whenever something caught our eye, like another dam and a small secluded waterfall.

Our next stop was at a supermarket to refuel my current obsession with avocados. We made the decision to bring a large umbrella into the store, as the sky looked threatening. At the checkout we could hear heavy rain hitting the roof of the store. We made a plan as we watched the rain from the bagging area, near the exit door, while holding six avocados, my husband’s iced coffee, and a 40 inch diameter nest swing (think a very large hoop). I was going to retrieve the car carrying the lonely umbrella and my husband would wait with the awkward present we had bought for our grandchildren. Before I got out, a gloomy woman arrived, stating that she had just come out of the barbershop and did not have an umbrella. Suddenly, my husband was going to sacrifice and walk the woman back to her car, while covering her with our umbrella and I had to wait inside with our purchases. Soon a drenched Fred Rowland drove our minivan out the door, I ran out with the awkward purchase and a stranger with dry, perfectly groomed hair left.

To be continued.

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Why isn’t the California economy adding more jobs faster? | State and regional https://q-porkchains.org/why-isnt-the-california-economy-adding-more-jobs-faster-state-and-regional/ Sun, 05 Dec 2021 03:30:00 +0000 https://q-porkchains.org/why-isnt-the-california-economy-adding-more-jobs-faster-state-and-regional/

While employment in much of the United States has successfully recovered from the fallout from the COVID-19 pandemic, California remains one of the few states that has struggled to regain jobs at a pace comparable to that of the rest of the country. California continues to fall behind national stimulus efforts, and many employers in the state are wondering how to fix this.

The state’s weekly jobless claims make up nearly 20% of new US claims, even though we supply about 12% of the national workforce. And while job openings in the state are actually up 5% from the pre-pandemic period, the unemployment rate remains incredibly high. What do we need to do to get more people back to work? This session will discuss in depth what California and state employers need to adopt to ensure they attract and retain a strong workforce.

Moderator

Grace Gedye

Author, CalMatters

Loudspeakers

Julien Cañete

President and CEO, California Hispanic Chambers of Commerce

Free reign

Founder, Red Door Catering

Manuel Pasteur

Emeritus Professor, Sociology / American Studies and Ethnicity

Turpanjian Chair on Civil Society and Social Change

Director, USC Equity Research Institute

Somjita mitra

Head of Economic Research, California Department of Finance




While the coronavirus pandemic shows no signs of ending, California is still recovering from the most damaging recession since the Great Depression. As of October, California had recovered only about two-thirds of the 2.7 million jobs lost in the first months of the pandemic.

The state is lagging behind the rebound rate of the rest of the United States and is not expected to experience a full recovery until late 2023, according to a recent report from the California Center for Jobs & The Economy.

One of the biggest challenges is getting people back to work, especially as new variants of the coronavirus continue to emerge and create uncertainty.

Hours after health officials confirmed that the first U.S. case of the omicron variant had been detected in San Francisco, CalMatters and the Milken Institute co-hosted a discussion on Wednesday, moderated by CalMatters business reporter Grace Gedye and titled ” The Post- COVID Recovery: California’s Lagging Employment Rate. ”

Panelists explained why the mismatch exists: While California has historically had a relatively high unemployment rate, the state has also been hit hardest by the pandemic, in part because its economy relies on the tourism and travel industries. entertainment.

Here are three key points to remember:

COVID changed everything, maybe permanently

The threats of COVID-19 have required many adaptations – to new security protocols, as well as new consumer behaviors. Manuel Pastor, director of the Equity Research Institute at USC, noted some of these structural changes in the economy, including the shift from services to goods as businesses have moved away from traditional in-person services.






Workers build electric buses at the BYD Electric Bus Plant in Lancaster on July 1, 2021.




Pastor described what he called an “economy based more on mutuality” – an economy in which business owners have an increased sense of the well-being of their employees. And he noted the rise of a “just in case” economy, where business owners are better prepared for supply shortages or workers needing time off.

Perhaps the most lasting change: the shift to remote working, which Pastor says will continue as companies grapple with the fact that many workers do not want to return to the office.

Somjita Mitra, chief economist for the California Department of Finance, said the pandemic had accelerated trends already in place, such as decreasing purchases in physical stores and declining manufacturing.

Small business owners have also seen these trends take hold, noted Reign Free, owner of restaurant company The Red Door in Oakland. “People don’t throw big events or go out to dinner, so how can we responsibly serve our customers where they are? Said free.

Free also said the pandemic underscored the need for business owners to own their own space, instead of being “at the mercy of your owner.”

There are reasons to be optimistic

While there are many reasons for concern, there are also some areas of optimism.

According to Mitra, while the recession was the worst to hit the state since the 1930s – and there is still a long way to go, the economy has recovered relatively quickly. She also highlighted indications that residents are optimistic about the economy, including another way of looking at the “big resignation:”

“People don’t quit their jobs if they think the economy is going to collapse soon,” she said. “The fact that people quit and try to find a better job, or start their own business or relocate – people are very optimistic about the recovery. “

The pastor said that while there have certainly been hardships, especially among low-income and vulnerable Californians, the billions of dollars in state and federal aid and other actions have been “remarkable” for. prevent a recession that hit everyone.

Instead, there was more of a micro-recession. In addition to the ability for workers in certain industries to work remotely, rising house prices and the boom in the stock market have meant “the rich people cleaned up,” he said.

Small business owners are still struggling

The pastor called the pandemic recovery a transformative moment for workers – not so much a “big resignation” as a “big wake-up call,” in which people rethink the role of work in their lives. Besides unemployment benefits, there are a number of reasons people may not return to work, including childcare needs or health risks, Free said.

But while large businesses can stay afloat through this transformation, small business owners need more support.

Julian Cañete, president and CEO of the California Hispanic Chambers Of Commerce, said grants and loans are a bridge for many small businesses, but many have yet to close.

“It is not just the pandemic that has struck,” he said. “When you get hit by wildfires in parts of the state, it also impacts everything – jobs, recovery, everything else.”

“I just hope,” Cañete added, “that lawmakers and policymakers realize that these small investments have been important for small businesses, but it is important for our future economic growth and we must continue with them. “

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Stocks collapse after November jobs report – Five experts drop https://q-porkchains.org/stocks-collapse-after-november-jobs-report-five-experts-drop/ Sat, 04 Dec 2021 19:44:11 +0000 https://q-porkchains.org/stocks-collapse-after-november-jobs-report-five-experts-drop/

The stock selloff continued on Friday, with employment growth in November weaker than expected. Concerns about what the omicron variant might do to the global economy have also weighed on the markets.

Here’s what five experts had to say about Friday’s drop.

Liz Young, head of investment strategy at SoFi, digs below the surface of the jobs report and what it means for the Federal Reserve.

“I think there was a bit of a mixed message here and that gives the Fed a little more thought, and we’re not necessarily sure they’re going to raise rates that quickly. So I think the market is trying to work on those numbers, but the Fed is looking at the labor force participation rate and the unemployment rate and both are positive, so I actually think that gives the Fed a chance to say we’re still going down And rate hikes are certainly not out of the question in the summer and fall of next year.

David Kelly, chief global strategist at JPMorgan Asset Management, sees “a lot of momentum” in the release.

“What he’s saying is there’s a lot of momentum in the job market. The payroll survey, I think, is a bit disrupted by seasonal factors. And we actually have it. added 330,000 jobs in retail… The big picture is that we are running out of workers quickly and wage growth is very strong, especially for low paid workers. So I see a lot of momentum here, more momentum on the demand side than the supply side. And I tend to agree that that means the Fed is probably declining faster and hinting at the rate hike earlier than before. “

Diane Swonk, chief economist at Grant Thornton, says the numbers were better than at first glance.

“The household survey and the payroll survey, the dissonance between them is deafening, and the reality is somewhere in between, which is much, much better. … I think the Federal Reserve will embrace the falling unemployment rate and the rising unemployment rate. turnout at the highest level since March 2020. It’s something they’ve been waiting to see, people participating. don’t believe it for a second. And I think that gets into some of the seasonal issues …. We’re actually seeing wages in this industry go up. “

Jan Hatzius, chief economist at Goldman Sachs, discusses the seasonality of the November report.

“It is certainly a huge gap between the survey of establishments, the payroll figures and the household survey, that is to say the unemployment rate with this drop of four tenths of the employment rate. unemployment, a 1.1 million increase in household employment. Normally you would put a lot more weight on the establishment survey numbers because they are much less volatile from month to month. , I think in this case I would give the household survey a little more weight than usual, partly because the numbers were so impressive in the household survey, and partly because ‘there may be questions about seasonal adjustment in general in such an unusual time as this. ”

JoAnne Feeney, portfolio manager at Advisors Capital Management, shares her take on the impact of the omicron variant on stocks and the economy.

“Two things have happened. First, we still don’t have information about the severity of the disease caused by this particular variant and how effective the vaccines are. But what we seem to be learning now is that it is much more contagious. And so that increases the degree of uncertainty about the consequences of omicron. Because if it is more severe in terms of disease, it makes matters worse, and although we cannot expect at a lot of lockdowns it will make people stay home fairer on purpose. On the other hand, if it’s softer and spreads faster, that would actually be a good thing. And so I think what we’re seeing is that people are taking some risk on the table, and that both drives up bond prices and drives down particularly risky stocks. But that’s not happening everywhere in the world. technology. Technology certainly feels it. the biggest, but note that there are still some really solid tech names like Broadcom, for example, Qualcomm is holding up well, so you really have to choose where you want to be exposed for your customers. “

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Jobs report: what about the economy https://q-porkchains.org/jobs-report-what-about-the-economy/ Sat, 04 Dec 2021 15:01:00 +0000 https://q-porkchains.org/jobs-report-what-about-the-economy/ The economy is on the road to recovery from the coronavirus pandemic, rattled by inflation or causing disappointment over job creation, depending on who you talk to.

It’s probably all three, and what is happening from month to month seems like a surprise. This element of unpredictability might be the most normal thing possible given the shock of the pandemic – the government’s extraordinary intervention to save the economy is unlike anything anyone alive today has ever seen .

It’s hard to decide how important just one thing is.

Housing prices are on the rise in double digits!
The travel industry is in shock!
The holiday shopping season is going to be tough!
The stock market does not make sense!

Let’s look at jobs today.

Government data released Friday showed the US economy gained 210,000 jobs in November and the unemployment rate fell to 4.2%. A low rate traditionally signals full employment, which means almost anyone who wants a job has one.

And even!

Most articles on the November jobs report described it as “disappointing” in the first sentence, but also as evidence that the pandemic recovery is advancing.

Read CNN’s Anneken Tappe take here.

Why the disappointment? Tappe wrote: “Economists expected more than double the number of jobs created in November, forecasting a continued strong economic recovery over the past two months. Instead, November’s job gain was more reminiscent of the pre-pandemic economy, when employers added a smaller but constant number of positions, at least on the surface. “

At the same time, there is the good news. The jobs report suggests the pandemic recovery is progressing. The country has created more than 6 million jobs this year and labor market participation has risen to 61.8%, the highest level since the start of the pandemic.

RELATED: Tracking America’s Recovery
Much of the disappointment comes from the expectations. The employment report is based on two surveys – one of companies with payroll and one of households on their economic situation – which are conducted by the government in the middle of the month and published by the Bureau of Labor Statistics in tandem on the first Friday of each month.
“Strange job figures” tweeted Jason Furman, who headed the Council of Economic Advisers under the Obama administration.

“Very good household survey: unemployment down to 4.2% and labor market participation up while employment increases by 1.1 million,” he tweeted. “But the normally more reliable payroll survey shows that only 210,000 jobs have been added.”

He’s not sure what’s going on: “Some explanations may emerge, but it may just be a measurement error.”

Where do the expectations come from? Ahead of the monthly release, economists and banks are posting their own expectations of what surveys will find. If government data does not meet these expectations, disappointment ensues.

I spoke to Elise Gould, senior economist at the Economic Policy Institute, about what we learn and don’t learn from these reports.

She said they should be seen as bits of information, not the complete picture, in part because polls can overestimate things and ignore the changing composition of the workforce.

Revisions to employment reports in recent months have confirmed stronger employment growth than has been shown by surveys.

Still, it’s best to know the latest information, even though we know it’s subject to change, she said.

Also, the pandemic. There is also the pandemic element of confusing economic expectations, just as it has confused people’s lives.

“Everyone in this economy today and the people who are making those predictions have never experienced a pandemic that has hit the job market so hard,” said Gould. “And so their models don’t necessarily capture the ebb and flow of the pandemic.”

I asked David Goldman, editor of CNN Business, what he thought of the reasons why these reports seem to confuse expectations every month. He came back with three points:

  • This is a particularly unusual environment. This makes predictions really difficult for economists. The labor shortage, the supply chain crisis, the energy crisis, inflation and the Covid-19 situations all combined into one is a delicate balance. We should give economists a break.
  • Right for the long haul. Economists have in fact been proven correct over the past few months when we initially thought they were wrong. That’s because the reports continue to be revised upward in the following months, as Labor Department economists get more data. This is not only difficult for economists at Goldman Sachs and JPMorgan to understand, but also for the government.
  • Don’t focus on expectations. The forecast isn’t the important thing here – it’s the actual data. And a month is not a trend. We’ve had surprisingly good employment data in recent months, and November hasn’t been that bad, but not as good as we expected.
There is uncertainty elsewhere. Federal Reserve leaders, like President Jerome Powell, had preached that inflation was temporary – calling it “transient“, which means that it would not permanently affect the economy.
But in a signal that inflation could last a little longer than expected, Powell told lawmakers this week that the Fed may end some of its stimulus efforts in the event of a pandemic – they are calling it ‘taper off’ – earlier than expected.

“At this point the economy is very strong and inflationary pressures are high and therefore it is appropriate, in my opinion, to consider concluding the reduction in our asset purchases … maybe a few months earlier”, Powell said.

A key thrown into the economy has been the resilience of the coronavirus. We may not fully understand how the ramp-up of the Delta variant over the summer and fall halted progress.

CNN’s Tappe and Nathaniel Meyersohn wrote about the Delta Effect in August.

Now that the Omicron variant is emerging, it too could send things in a new direction.


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Hard-to-Find Christmas Trees in Lycoming County | News, Sports, Jobs https://q-porkchains.org/hard-to-find-christmas-trees-in-lycoming-county-news-sports-jobs/ Sat, 04 Dec 2021 05:31:27 +0000 https://q-porkchains.org/hard-to-find-christmas-trees-in-lycoming-county-news-sports-jobs/

Tebbs Retail Director Rachel Livermore (Williamsport) cites the 2008 economic crisis as one of the main reasons for the Christmas tree shortage that many are currently experiencing

Santa may need additional guidance this year as Lycoming County has suffered a shortage of Christmas trees.

Local Christmas tree vendors such as Tebb’s Greenhouse at 1620 4 Mile Drive are taking note of the drop in supply this year. The root causes of which date back more than a decade.

“What we are mainly seeing are the results of the 2008 recession”, Tebb Retail Director Rachel Livermore said.

“It’s hard to believe, but it pushed a lot of small growers into Pennsylvania because the tree sales were so low. But it takes 10 to 15 years for trees to grow, so because of that you are seeing the results now ”, she said.

Livermore explained that it is this same delay in profit in the Christmas tree industry that has also contributed to very few young people going into the business on their own.

“There are a lot of up-front costs in the trees so you see little guys coming out because it takes 10 to 15 years to make money off the up-front costs and because of that a lot of the younger generations don’t get it right. just not interested in growing Christmas trees, “ she said. “So now we only see big giant wholesalers growing Christmas trees when 10, 15, 20 years ago you could buy a tree for five dollars anywhere you wanted. But this year they are over $ 100, $ 150.

While Livermore said the 2008 financial crisis was the “Main contributing factor” At the current shortage, she also mentioned a particularly poor tree harvest for one of the state’s most trusted Christmas tree suppliers in North Carolina.

“This is your main contributing factor… But there have been Christmas tree diseases. North Carolina was one of the largest states for Frasier Firs. They had a huge disease (Christmas tree) so we called them for trees. Now North Carolina is calling on Pennsylvania growers for trees because we haven’t had the diseases they’ve seen, ” she said.

And while the tree shortage may make it seem like a whole new phenomenon, Livermore says the dwindling supply actually started almost three years ago.

When asked if she thinks this will become the new normal for buying holiday trees, she said she expected the supply shortage to end in the next few years.

“You’re going to see producers here reaching for their five and six foot trees that are available for cutting. Then, in five years, I think that we will be out of it and that prices may start to come down ”, she added.

However, Livermore also said she was concerned that so many people have switched to artificial trees at this point that the market for natural Christmas trees is almost non-existent.

“But at this point, will demand be low because everyone has gone artificial?” So this is a constant top-down game that you have to play. I think we have beautiful trees, there just aren’t many ”, she added. “I think we started announcing in October that there is a shortage of trees and that if you want a real Christmas tree come early… If you can, I would definitely buy it early and bring it to your place. whenever you want, just to make sure you have one. “

The major tree shortage appears to be affecting Christmas tree vendors of all sizes in the area, as Arnold J. Betts, co-owner of Betts Tree Farm in Linden, also said his tree crop was nearly depleted before Thanksgiving of this year. .

“Normally I don’t see that many sales before Thanksgiving, but this year we’ve had people scoring in the trees and the sales have been strong throughout (Thanksgiving weekend),” said Betts.

Betts says sales rush experienced last year “everything changes” in terms of the volume of business the farm has experienced this year. Noting that the farm has sold “five times more trees” that in a normal year, the amount of trees sold in 2020 left them with a shortfall in the amount of product left to customers this year.

“You associate (the excess amount of trees the farm sold in 2020) with the fact that we had a major drought last year and what that has done for us is that we have no news growth on our trees. So the trees that a lot of people were taking were beautiful trees, but I don’t have that growth for next year ”, he said.

Showing how all logging farms and farmers are affected this year, Betts also noted that his farm has seen a lot of customers shopping with them who previously would have gone to another local farm which has since been closed or closed in order to “Keep stocks for next year”.

“We have seen a lot of new customers this year due to the closure of logging farms in the region and this has added to our deficit for this year”, he said.

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WATCH: Biden reflects on positive November jobs report https://q-porkchains.org/watch-biden-reflects-on-positive-november-jobs-report/ Fri, 03 Dec 2021 19:59:40 +0000 https://q-porkchains.org/watch-biden-reflects-on-positive-november-jobs-report/

US President Joe Biden praised the jobs report released Friday morning, saying it showed “America is back to work.”

Watch Biden’s remarks in the player above.

Speaking from the White House shortly after the Labor Department’s report was released, Biden touted the “incredible news” that the US unemployment rate fell to 4.2% in November.

“At this point in the year, we’re looking at the biggest one-year drop in unemployment on record. Simply put, America America is back to work and the job recovery is very strong, ”Biden said.

Friday’s report showed the unemployment rate fell sharply to 4.2% from 4.6%. But he also revealed that US employers slowed the pace of their hiring in November, adding 210,000 still strong jobs, the least in nearly a year.

This is a historically low level, but still above the pre-pandemic unemployment rate of 3.5%.

Biden made no mention of the slower hiring figures, choosing instead to focus on what he called the “fastest drop” in the unemployment rate “in a single year on record.”

Overall, November’s employment figures point to an economic recovery that appears resilient although threatened by soaring inflation, labor and supply shortages and the potential impact of the variant. omicron from the coronavirus.

Biden said his administration was using every tool at its disposal to correct portfolio frustrations that worry Americans, from supply chain issues to gas prices.

He said that since his action to free oil from the strategic oil reserve, gas prices have fallen and will continue to do so.

“These savings are starting to hit Americans and are expected to accelerate in the coming weeks. And that can’t happen fast enough, ”Biden said.

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US Equity Futures Outperform Jobs Data, As Biden Tightens Travel Rules As Omicron Spreads; oil rises by 3% https://q-porkchains.org/us-equity-futures-outperform-jobs-data-as-biden-tightens-travel-rules-as-omicron-spreads-oil-rises-by-3/ Fri, 03 Dec 2021 10:07:00 +0000 https://q-porkchains.org/us-equity-futures-outperform-jobs-data-as-biden-tightens-travel-rules-as-omicron-spreads-oil-rises-by-3/
Wall Street Sign

  • U.S. futures wobbled Friday ahead of monthly employment data, as Omicron’s cases spread.
  • Oil rebounded after OPEC + signaled it was ready to adjust production if the Omicron variant hit demand.
  • The dollar strengthened against various currencies, including the Turkish lira and the South African rand.

U.S. equity futures traded cautiously on Friday, as a wave of new Omicron cases in the country led President Joe Biden to tighten travel rules, putting the global market on a more nervous basis before key employment data.

Ten cases of Omicron have now been detected in a number of US states, after the first case identified in California on Wednesday. The variant of the coronavirus is now present in 30 countries, and although patients report mild symptoms, there is still a lot of uncertainty as to its degree of contagion or danger.

Biden ruled that starting next week, all international travelers to the United States will be required to take a COVID-19 test within 24 hours of departure, regardless of their vaccine status, according to the BBC. Mask rules on plains, buses and trains will remain in place until mid-March.

Futures contracts on the S&P 500 were down 0.1%, while those of the Nasdaq 100 fell 0.2%. Dow Jones Futures Still clinging to positive territory, up 0.1%. With the all-important monthly US employment report due later, trade volumes were lower than usual.

Economists expect another 530,000 workers to have been added to non-farm payrolls in November. The previous month saw a gain of 604,000, the biggest increase since July.

“A combination of the constraints of the Delta variant’s decline, higher wages and a gradual depletion of household savings as the impact of stimulus checks wane, along with record vacations, should kick things off. thumbs up “to the reading, said ADM Investor Services’ chief global economist, Marc Ostwald.

The Federal Reserve is already cutting back its support for the US economy, reflecting the rapid recovery in inflation rather than skyrocketing growth. Although unemployment has fallen back to its March 2020 level, it is still below the rate of around 3.5% before the pandemic.

“With the Fed clearly placing much more emphasis on inflationary pressures than on the ‘full’ employment component of its mandate, it will be the average hourly earnings that will attract more attention,” said Ostwald.

United States dollar recovered overall, advancing the most against emerging market currencies such as the Turkish lira and the South African rand, with gains of 1.4% and 0.6%, respectively.

Stocks in Europe traded slightly higher. The pancontinental Stoxx 600 The index rose around 0.2%, while in Asia, the MSCI Asia ex-Japan index fell 0.4%.

Crude oil rebounded strongly, up more than 3%. Traders were comforted by the signal from the world’s largest oil exporters that they would adjust production if the threat to demand for the Omicron variant increased.

The Organization of the Petroleum Exporting Countries and its partner countries like Russia considered several options during their meeting on Thursday, Reuters reported, citing sources. Options include freezing their planned increase of 400,000 barrels per day for January, or even continuing a smaller increase in supply.

Brent futures fell 4.5% to $ 65.72 a barrel Thursday after the OPEC + decision, before recovering to close at $ 69.67. On Friday in Europe, the price was trading 3% higher, at around $ 71.75 a barrel.

That level is well below October’s multi-year highs above $ 85, but it’s also 45% higher than it was around this time last year. WTI Crude Futures were trading up 3% on the day, at around $ 68.50 a barrel.

“The market seems to have been reassured that OPEC + is willing to come together again and adjust production if necessary due to the Omicron variant,” said ING strategist Warren Patterson.

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