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Here are the industries that added the most jobs in October — and the ones falling behind The U.S. economy gained 261,000 jobs in October, the Labor Department reported Friday. The latest figure is down slightly from September but still well above economists’ predictions of a 190,000-job gain. Despite high inflation, rising interest rates, slowing…
“US companies have West Coast labor talks amid supply-chain crisis” US companies fear a repeat of last summer’s supply-chain chaos – that left store shelves empty and fueled higher prices – as contract negotiations between longshoreman and operators of the nation’s largest ports remain adrift. The contract between some 22,000 dockworkers at 29 ports along…
“Apple, Toyota and Volkswagen close factories” New coronavirus lockdowns in China are snarling production for everything from Apple iPhones to Toyota SUVs — and threatening to make already red-hot global inflation even worse. Key Apple suppliers including Foxconn have been forced to shut down factories in Shenzhen, where iPhones, iPads and Mac computers are produced,…
“#GM to spend $154M refurbishing NY plant for EV production” General Motors said it will spend $154 million to refurbish a plant near Buffalo where the automaker manufacturers a key part of the motor used in electric vehicles. The investment in the Western New York Lockport Components plant, which will go toward renovating the facility…
“#Tesla worker dies after collapsing at California plant” An employee at a Tesla factory in Fremont, California, reportedly died this week while working on a production line. The worker died Wednesday after collapsing during a shift on the facility’s powertrain line. Tesla reported the incident to authorities, and the California Division of Occupational Safety and…
“#Apple iPhone factory workers allegedly fed rotten food, paid under $5 a day” Indian women assembling Apple iPhones had to survive off worm-infested food while living in rat-filled dorms without running water — all for less than $5 a day, according to a new investigation. News of the sickening conditions at a factory with 17,000…
“#Elon Musk predicts global chip shortage will end next year” Tesla CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummeled the car industry this year should be short term in nature. Asked how long he thought the global chip shortage would affect…
“#Nabisco factory in New Jersey closing after 63 years” Friday was the last day for residents of a New Jersey town to smell the sweet aroma of freshly baked Oreo cookies as the community’s Nabisco plant shut down after 63 years in operation. Parent company Mondelez International confirmed it was the last day of production…
“#Texas-built Teslas must be shipped away before Texans can buy them” Teslas built in the company’s new Austin factory will almost certainly have to be shipped out of Texas before they can be sold to buyers in the state — and Elon Musk is not happy. Under Texas law, automakers are currently forbidden from selling…
“#Climate action is going to create too many jobs ” Mike Moffatt and John McNally: Two big bottlenecks stand in the way of Canada’s climate ambition—a shortage of skilled labour and a shortage of housing Mike Moffatt is an assistant professor at the Ivey Business School at Western University and senior director at the Smart Prosperity…