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Economy rebounds to add 196,000 jobs; unemployment steady at 3.8%
Seth Sandronsky Business Management, Services & Risk ManagementThe March jobs report shows that nonfarm payroll employment rose 196,000 from 20,000 new jobs in February, according to the Bureau of Labor Statistics. March’s rate of unemployment of 3.8% matched February’s rate of 3.8%. "To be really clear — today's jobs report inspires a bit of a sigh of relief relative to the disastrous February jobs number — but the economy is definitely going to grow a lot more slowly in 2019 than 2018," said Josh Bivens, an economist at the Economic Policy Institute in Washington, D.C. March marked the 102nd consecutive month of expansion since the end of the Great Recession.
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Green-collar jobs in the spotlight
Michelle R. Matisons Facilities & GroundsWhen referring to occupations, the word "collar" usually refers to class/income or gender designations. "White collar" is used for professional jobs, "blue collar" for manual labor/working-class jobs, and the phrase "pink collar" is used for fields predominantly occupied by women, such as teaching and nursing. But there’s a new collar color on the horizon that cuts across these class and gender distinctions. "Green collar" jobs include any occupation related to environmental issues: the category encompasses lower-wage solar panel installation positions all the way up to high-paying research and executive positions.
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Tax credits, jobs slashed as GM adds new electric SUV plant
Michelle R. Matisons ManufacturingAuto giant General Motors has announced it will begin manufacturing a new electric vehicle (EV), with the news coming shortly after previously reported plant closures took effect. Meanwhile, the IRS has confirmed that an electric car subsidy is now being phased out. Layoffs from the plant closures have been a thorn in the side of the Trump administration's spotlight on Rust Belt manufacturing jobs. Despite monthly reports, the U.S. manufacturing sector faces attrition that can't be obscured by political machinations, and the GM controversy proves this.
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PLC security for control engineers: Keep your friends close and your enemies…
Joseph Zulick EngineeringNo one understood or more succinctly described strategies and philosophies of war than the great Chinese general Sun Tzu. Despite living and penning these words of wisdom almost 2,700 years ago, leaders of today still apply the tactics described in "The Art of War" to the technology-driven world we live in today. Sun Tzu also said, "To know your Enemy, you must become your Enemy." As a control engineer working for a reputable organization, no one is advocating that you become a dark web hacker to understand the challenges you are facing when creating security for programmable logic controllers (PLCs), but there is value at understanding who the enemy is and what their motivation and techniques may be.
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Climate change and the price of being poor
LeRon L. Barton Waste Management & EnvironmentalIf you were to ask most people in low-income communities where climate change would rank in degree of importance, I would wager that it would be pretty low. This is not to say that folks living in these neighborhoods don't care or have no knowledge about the issues that affect the environment, it's just that paying the rent or mortgage, getting to work, and the stress of living in poverty take precedence. However, in 2019, there may be a change in how climate change is viewed, due to new legislation, research, and outreach.
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7 common mistakes business owners make and how to avoid them
Roberta Matuson Business Management, Services & Risk ManagementI've been in business for over 20 years and have seen my share of mistakes made by business owners — many that certainly could have been avoided. Here’s my list of common mistakes business owners make, along with advice on how to avoid following suit. For example, think about a job that you worked in that didn't work out. Was it because you didn't have the skills to do the job, or was it because your values did not align with the organization's?
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How cutting-edge robotics bring manufacturing into a new age
Joseph Zulick ManufacturingThe age of new tech is here for manufacturing thanks to increased value and efficiency provided by robotics, drones and automation. In the case of Attl A Spol, a company producing stainless steel tubes for a Volkswagen supplier, automated robots allowed the firm to perform monotonous manual labor with heightened precision for 20 hours a day and six days a week without any required downtime or service outages. By improving the efficiency of its manufacturing line and supply chain, the addition of robotic arms freed up time for three workers to be assigned to other areas and retrained.
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Top US manufacturing cities in surprising locales but still vulnerable
Michelle R. Matisons ManufacturingWhat do Wichita, Kansas; Fort Wayne, Indiana; Battle Creek, Michigan; Toledo, Ohio; and even Portland, Oregon, all have in common? A new report on U.S. manufacturing jobs by Chicago's Digital Third Coast can answer that. They are all part of a manufacturing shift towards smaller U.S. cities. The report, culled from Bureau of Labor Statistics and the Census Bureau, analyzes 236 cities in four general categories: total manufacturing jobs per 100,000 people; year-over-year growth; median income for the manufacturing industry; and median housing cost. Wichita, Kansas, tops this list.
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Credit this: Big banks step up loan approvals to small business owners
Seth Sandronsky Business Management, Services & Risk ManagementBig banks, those with assets of $10 billion or more, are feeling the love for small businesses. Loan approval rates with large banks rose in February versus January, according to the Biz2Credit Small Business Lending Index. "Overall, the cost of capital is relatively low," said Biz2Credit CEO Rohit Arora, in a statement. "Small businesses are looking to secure funding, and for many companies, recent financial performances have made them creditworthy borrowers." Biz2Credit's monthly research comes from over 1,000 small business credit applications on the firm's online lending platform.
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US economy adds only 20,000 jobs in February; unemployment falls to 3.8…
Seth Sandronsky Business Management, Services & Risk ManagementThe federal government’s February jobs report shows that payroll employment rose 20,000 last month, a sharp departure from the 311,000 new jobs added in January, according to the Bureau of Labor Statistics. February’s unemployment rate of 3.8 percent compared favorably with 4.0 percent in January. "One month does not make a trend," says Elise Gould, an economist at the Economic Policy Institute in Washington, D.C. On that note, job growth averaged 186,000 over the past three months. "One reason for the February weakness was harsh weather, depressing job growth in construction, hotels, and restaurants," according to Gould.
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