U.S. April job gains rebound, unemployment drops to 4.4 percent | Reuters

* Total payrolls up 211,000 vs 185,000 estimate & downwardly revised 79,000 prior (original 98,000)* Private payrolls up 194,000 vs 185,000 estimate & downwardly revised 77,000 prior (original 89,000)

* Unemployment rate down to 4.4 pct vs 4.6 pct estimate & 4.5 pct prior

* Average hourly earnings growth 0.3 pct vs 0.3 pct estimate & downwardly revised 0.1 pct prior (original 0.2 pct)

* U-6 rate pct 8.6 pct vs 8.9 pct prior* Labor force participation 62.9 pct vs 63.0 pct prior

* Household survey: Workforce grew by 12,000, employed rose by 156,000, unemployed fell by 146,000

Source: U.S. April job gains rebound, unemployment drops to 4.4 percent | Reuters

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Interns at these 25 companies make more than the median U.S. worker

Facebook, Microsoft and ExxonMobil all pay their interns more than $6,500 a month, according to a new report

According to a new report by the jobs site Glassdoor, the 25 best-paying companies for internships each pay their median summer worker more than $4,500 a month. That amount, if it was paid over the course of a full year, would be north of $54,000, exceeding the median annual pay for a U.S. worker, according to Glassdoor’s own local pay reports ($51,350), and the annual figure calculated from the Bureau of Labor Statistics’ latest weekly earnings data for full-time wage and salary workers ($44,460).

Source: Interns at these 25 companies make more than the median U.S. worker

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Panera to add 10,000 jobs by the end of 2017 as it expands delivery

Panera Bread is working to expand delivery services to more of its cafes, adding 10,000 more jobs by the end of 2017.

  • Panera to hire 10,000 employees as it expands its delivery service
  • The company hopes to expand delivery to 35 percent to 40 percent of its locations
  • Panera forecasts that delivery will add $250,000 per year to each store’s annual revenue

Source: Panera to add 10,000 jobs by the end of 2017 as it expands delivery

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Trump’s First 100 Days: Trump to sign ‘Hire American,’ ‘Buy American’ order

Trump will sign an executive order directing the government to review guest-worker programs and federal procurement policy.

On Tuesday, he will sign an executive order in pursuit of that goal — although it’s unclear how much the administration can actually do without Congress’s approval.

Source: Trump’s First 100 Days: Trump to sign ‘Hire American,’ ‘Buy American’ order

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Wal-Mart is cutting hundreds of jobs to slash costs

The layoffs span Wal-Mart’s international, technology and Sam’s Club businesses.

The layoffs span the company’s international, technology and Sam’s Club divisions. They follow Wal-Mart’s decision to eliminate some 1,000 corporate positions earlier this year, including 200 in its e-commerce division.

A spokesman for the retailer confirmed the job cuts to CNBC, which had originally been reported by Dow Jones.

Source: Wal-Mart is cutting hundreds of jobs to slash costs

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Amazon to hire 5,000 at-home workers in massive hiring binge | KREM.com

Amazon announced Thursday it plans to add 30,000 part-time positions in the U.S. over the next year, part of a massive hiring binge by the online retailing giant.

Concerns have also been raised about the quality of job prospective employees will earn when hired by Amazon. The company has faced complaints and lawsuits tied to working conditions and low wages. In a statement to USA TODAY in January, Amazon spokeswoman Kelly Cheeseman defended Amazon’s culture, saying they are “proud of the work environment and the culture we have.”

© 2017 KING-TV

Source: Amazon to hire 5,000 at-home workers in massive hiring binge | KREM.com

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Panera Bread’s potential suitors

This post is part of the On the Margin blog.

On Monday, Bloomberg reported that Panera Bread Co. might put itself up for sale after receiving interest from a potential buyer. The news sent the company’s stock price skyrocketing.

As I wrote about several weeks ago now, 2017 is going to be a huge year for mergers and acquisitions

Jonathan Maze, Nation’s Restaurant News senior financial editor, does not directly own stock or interest in a restaurant company.

Contact Jonathan Maze at jonathan.maze@penton.com

Follow him on Twitter: @jonathanmaze

Read Source: Ranking Panera Bread’s potential suitors

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17,000 AT&T technicians and call center workers go on strike

California and Nevada workers allege offshoring and illegal job changes.

About 17,000 AT&T wireline technicians and call center employees went on strike in California and Nevada today while filing an unfair labor charge to the National Labor Relations Board (NLRB) alleging that AT&T violated federal law.

“The company has shown disrespect to the bargaining process by changing the work assignments of workers without bargaining as required by federal law,” the Communications Workers of America (CWA) union said in its strike announcement. “Further, AT&T reneged on an agreement to resolve the dispute without any explanation.”

The CWA said that AT&T “is asking its workers to do more for less—keeping them from their families with unpredictable overtime, undercutting pay and advancement, offshoring good jobs, and pushing more health care costs onto employees.”

Source: 17,000 AT&T technicians and call center workers go on strike

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Is the coal industry really roaring back to life under Trump? – LA Times

In his recent speech, President Trump said he had promised that “dying industries will come roaring back to life” – and then highlighted the boost he gave one such industry by blocking an environmental regulation “that threatens the future and livelihoods of our great coal miners.”

The move Trump referred to stopped an environmental rule meant to protect streams from pollution stemming from mining.

Source: Is the coal industry really roaring back to life under Trump? – LA Times

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The full list of 138 J.C. Penney stores closing around the US – The Boston Globe

The company said that about 5,000 positions nationwide will be affected by the closures, most of which will occur in June.

Below is the list  of stores slated to close
Mall/Shopping Center City State
Auburn Mall Auburn AL
Tannehill Promenade Bessemer AL
Gadsden Mall Gadsden AL
Jasper Mall Jasper AL
Military Plaza Benton AR
Chickasaw Plaza Blytheville AR
Riverview Mall Bullhead City AZ
Downtown Bishop Bishop CA
Sunwest Plaza Lodi CA
The Village at Orange Orange CA
Hilltop Mall Richmond CA
Fort Morgan Main St. Fort Morgan CO
Glenwood Springs Mall Glenwood Springs CO
St. Vrain Centre Longmont CO
Broadway Plaza Sterling CO
Connecticut Post Mall Milford CT
Jacksonville Regional Shopping Center Jacksonville FL
Palatka Mall Palatka FL
Dublin Mall Dublin GA
Macon Mall Macon GA
Milledgeville Mall Milledgeville GA
Gateway Plaza Thomasville GA
Tifton Mall Tifton GA
Downtown Decorah Decorah IA
Crossroads Mall Fort Dodge IA
Penn Central Mall Oskaloosa IA
Quincy Place Ottumwa IA
Snake River Plaza Burley ID
Eastland Mall Bloomington IL
Fulton Square Canton IL
Village Square Mall Effingham IL
Freestanding Macomb IL
Peru Mall Peru IL
Northland Mall Sterling IL
Centerpointe of Woodridge Woodridge IL
FairOaks Mall Columbus IN
Connersville Plaza Connersville IN
Huntington Plaza Huntington IN
Jasper Manor Center Jasper IN
Logansport Mall Logansport IN
Chanute Square Chanute KS
Downtown Great Bend Great Bend KS
Hutchinson Mall Hutchinson KS
Freestanding Lawrence KS
Winfield Plaza Winfield KS
Cortana Mall Baton Rouge LA
Park Terrace DeRidder LA
North Shore Square Slidell LA
Berkshire Mall Lanesborough MA
Easton Marketplace Easton MD
Rockland Plaza Rockland ME
Lakeview Square Mall Battle Creek MI
Delta Plaza Escanaba MI
Westshore Mall Holland MI
Copper Country Mall Houghton MI
Birchwood Mall Kingsford MI
Midland Mall Midland MI
Cascade Crossings Sault Ste. Marie MI
Central Lakes Crossing Baxter MN
Five Lakes Centre Fairmont MN
Faribo West Mall Faribault MN
Irongate Plaza Hibbing MN
Hutchinson Mall Hutchinson MN
Red Wing Mall Red Wing MN
Downtown Thief River Falls Thief River Falls MN
Freestanding Winona MN
Maryville Center Maryville MO
Leigh Mall Columbus MS
Southgate Plaza Corinth MS
Greenville Mall Greenville MS
Bonita Lakes Mall Meridian MS
Oxford Mall Oxford MS
Capital Hill Mall Helena MT
Sidney Main Street Sidney MT
Albemarle Crossing Albemarle NC
Boone Mall Boone NC
Eastridge Mall Gastonia NC
Blue Ridge Mall Hendersonville NC
Monroe Crossing Monroe NC
Becker Village Mall Roanoke Rapids NC
Prairie Hills Mall Dickinson ND
Buffalo Mall Jamestown ND
Downtown Wahpeton Wahpeton ND
Fremont Mall Fremont NE
Downtown McCook McCook NE
Platte River Mall North Platte NE
Rio Grande Plaza Rio Grande NJ
The Boulevard Las Vegas NV
Dunkirk-Fredonia Plaza Dunkirk NY
Westfield Sunrise Massapequa NY
Palisades Center West Nyack NY
Findlay Village Mall Findlay OH
New Towne Mall New Philadelphia OH
Richmond Town Square Richmond Heights OH
St. Mary’s Square St. Marys OH
Altus Plaza Altus OK
Ne-Mar Shopping Center Claremore OK
Ponca Plaza Ponca City OK
Pioneer Square Shopping Center Stillwater OK
Astoria Downtown Astoria OR
Grants Pass Shopping Center Grants Pass OR
La Grande Downtown La Grande OR
Downtown Pendleton Pendleton OR
The Dalles Main Street The Dalles OR
Columbia Mall Bloomsburg PA
Clearfield Mall Clearfield PA
King of Prussia Mall King of Prussia PA
Philadelphia Mills Philadelphia PA
Bradford Towne Centre Towanda PA
Lycoming Mall Pennsdale PA
Willow Grove Park Willow Grove PA
Citadel Mall Charleston SC
Town ‘N Country Easley SC
Palace Mall Mitchell SD
Northridge Plaza Pierre SD
Watertown Mall Watertown SD
Yankton Mall Yankton SD
Greeneville Commons Greeneville TN
Knoxville Center Knoxville TN
County Market Place Union City TN
Athens Village Shopping Center Athens TX
Borger Shopping Plaza Borger TX
Heartland Mall Early TX
El Paso Downtown El Paso TX
Marshall Mall Marshall TX
McAllen Downtown McAllen TX
University Mall Nacogdoches TX
King Plaza Shopping Center Seguin TX
Bosque River Center Stephenville TX
New River Valley Mall Christiansburg VA
Tanglewood Mall Roanoke VA
Pilchuck Landing Snohomish WA
Pine Tree Mall Marinette WI
Marshfield Mall Marshfield WI
Richland Square Shopping Center Richland Center WI
Rapids Mall Wisconsin Rapids WI
Foxcroft Towne Center Martinsburg WV
Downtown Sheridan Sheridan WY
SOURCE: J.C. Penney Company, Inc

Source: The full list of 138 J.C. Penney stores closing around the US – The Boston Globe

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Natural gas plant to rise where coal once fell in Masontown – Post Gazette

Hatfield’s Ferry, a large Greene County coal plant shuttered in 2013, has drawn the attention of a New Jersey power developer that plans to build a large natural gas plant on the site. APV Renaissance Partners, a subsidiary of American Power Ventures, said it plans to submit a permit to the Pennsylvania Department of Environmental Protection within the next month for a combined-cycle power plant. David Neurohr, a spokesman for APV, would only say that it’s a “redevelopment project” whose details would be disclosed at a public information meeting on April 5, between 5 and 8 p.m., at the Carmichaels and Cumberland Township Volunteer Fire Department. However, in late January, PJM Interconnection LLC, the Valley Forge-based grid operator that manages the flow of electricity for 13 states

Source: Natural gas plant to rise where coal once fell in Masontown

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Home Depot to fill 80,000 jobs for the spring

Home Depot is seeking to fill 80,000 jobs for the spring

 

The jobs will consist of permanent, part-time positions, as well as seasonal jobs. There’s also a  chance that some of those hired just for spring could land a long-term position, with Home Depot saying that typically half of its seasonal hires stay on permanently.

Source: Home Depot to fill 80,000 jobs for the spring

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Target Is Simplifying Its Supply Chain To Solve Out-of-Stock Issues – Fortune

Photograph by David Ryder — Getty Images

The retailer is looking to simplify its supply chain

Out-of-stocks have long been a bête noire for major retailers.

They disappoint customers and deprive stores of sales.

But Target TGT 0.17% thinks it has found the solution: shrinking the variety of sizes, flavors and even brands on store shelves to reduce the complexity of its operations.

For Target Chief Executive Brian Cornell, it’s a matter of being more efficient in what are staples for the retailer so it can focus more on categories it has made a priority, like wellness, stylish home goods, apparel, and baby products.

But Target TGT 0.17% thinks it has found the solution: shrinking the variety of sizes, flavors and even brands on store shelves to reduce the complexity of its operations.

Source: Target Is Simplifying Its Supply Chain To Solve Out-of-Stock Issues – Fortune

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(fox news) – Whataburger fires employee for refusing to serve police officers

A Texas Whataburger employee was fired Wednesday for refusing to serve two police officers in what the company is describing as an appalling incident.

Officers Michael Magovern and Cameron Beckham were working off-duty security at a construction site on I-35 early Wednesday morning when they decided to stop at the restaurant in Lewisville, FOX 26 reports.

Magovern said before he could even place his order, the man behind the counter told him “We don’t serve police officers.”

The two officers decided to leave and went and got food at Dairy Queen instead.

“We were appalled to hear of an employee refusing service to two officers, as we have proudly served first responders across our system for decades,” Whataburger said in a statement Wednesday. “As soon as we heard of this isolated incident, we began our own internal investigation overnight. The employee that refused service is no longer employed with Whataburger. We’ve also invited the officers back today so we can apologize in person and make this right.”

Magovern told Fox 26 that in “17 years as a firefighter and now 13 years as a police officer this is the first time this has ever happened to me.”

Click for more from Fox 26.

Source: Whataburger fires employee for refusing to serve police officers | Fox News

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(USA Today) – Job openings hit record high in July

Employers advertised 5.8 million jobs, up from 5.3 million in June and the highest on records dating to 2000, the Labor Department said Wednesday. The previous high was 5.4 million in May. Professional and business services added 122,000 openings; trade, transportation and utilities, 73,000; and leisure and hospitality, 69,000.

The number of hires slipped to 5 million from 5.2 million, according to the Job Openings and Labor Turnover Survey. As the unemployment rate falls to near-normal levels, many employers are struggling to find workers —  a dilemma some economists attribute to  mismatches  between the skills of unemployed workers and employers’ needs.The jobless rate was 5.3% in July and dropped to 5.1% last month.

The number of people quitting jobs declined by 43,000 but remained at a solid 2.7 million. Quits typically indicate a healthy labor market in which workers feel confident enough to leave one job for another.

And in a sign that leverage is shifting to employees, there were just 1.4 unemployed workers for each job opening in July, down from 6.7 workers per opening in 2009.

Despite the tightening market, growth in average hourly earnings has remained modest, though it ticked up to 2.2% annually in August from 2% in June, perhaps signaling a coming acceleration. Mark Zandi, chief economist of Moody’s Analytics, expects annual wage growth to increase to about 2.5% by the end of the year.

The Federal Reserve is seeking signs of faster wage growth as it considers raising its benchmark interest rate for the first time  in nearly a decade at its policy meeting next week.

Wednesday’s report “might just take the (Fed) one step closer to raising rates at next week’s policy meeting,” RDQ Economics wrote in a note to clients.

Labor reported Friday that employers added a solid 245,000 jobs in July, revising up its previous estimate by 30,000.

Source: Job openings hit record high in July

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(TribLIVE) – Macy’s to close 35 to 40 stores 

 

NEW YORK — Macy’s says it will close 35 to 40 stores in early 2016, or as much as 5 percent of its namesake department stores.

Macy’s said Tuesday it hasn’t selected all of the stores that will close. It expects the locations will have about $300 million in combined revenue. The company says employees who work at the closing stores may be offered positions at nearby locations, and workers who are laid off will be offered severance benefits.

Employees of Pittsburgh area stores said Tuesday they had no knowledge of the closings or declined to comment, referring questions to the company’s corporate offices in Cincinnati. Macy’s began liquidating its Downtown store in July and plans to close it this month.

The Cincinnati-based company says it closes a few underperforming stores every year. The company runs 770 Macy’s stores and has closed 52 locations during the past five years while opening 12.

Macy’s and other retailers are looking for new ways to boost their sales as middle-class customers try to keep their spending down, looking for deals and doing more of their shopping online. The company is preparing to open six lower-priced Macy’s Backstage stores later this year and intends to open more of them in 2016.

Over the last few quarters Macy’s has been hurt by the strong U.S. dollar, which has cut into spending by tourists, as well as a labor dispute that slowed down ports on the West Coast. The company reported $28.11 billion in revenue in 2014, up less than 1 percent from the year before.

Macy’s is getting ready to test selling goods online in China through a joint venture with a retailer based in Hong Kong.

Macy’s Inc. runs the Bloomingdale’s chain, and earlier this year it bought upscale beauty retailer Bluemercury. It has a total of 885 locations.

The company plans to experiment in consumer electronics and open Best Buy shops inside 10 of its stores in November.

Read more:
Follow us: @triblive on Twitter | triblive on Facebook

 

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(CNBC) – Here’s how China slowdown will hit your state’s economy

 

Workers stack sockeye salmon fillets after being vacuum packed to be frozen at the Alitak Cannery on Kodiak Island, Alaska. (File photo).

Lucas Jackson | Reuters
Workers stack sockeye salmon fillets after being vacuum packed to be frozen at the Alitak Cannery on Kodiak Island, Alaska. (File photo).

If you export to China, the latest headlines are not good news.

After a decade of rapid growth, China’s appetite for goods and raw materials from the rest of the world appears to be slowing. And that’s left companies and countries that sell to China wondering just how badly their orders may shrink.

On Tuesday, Beijing reported that China’s giant manufacturing sector contracted at the fastest pace in three years. A separate private survey of smaller firms showed the factories slowing to the weakest pace in more than six years.

The slowdown is hitting China’s biggest suppliers and major trade partners hardest. In August, exports from South Korea tumbled by nearly 15 percent—the most in six years.

For U.S. exporters, China represents the third-largest market—behind Canada and Mexico—accounting for $120 billion worth of goods last year. But that trade represents only 7 percent of U.S. exports—or less than 1 percent of total gross domestic product, according to economists at Wells Fargo Securities.

Read MoreChina’s a short-term mess but a long-term buy

“Even when indirect effects are considered, the United States simply does not seem to have significant economic and financial exposure to China,” they wrote in a recent note to clients.

But that impact varies widely from one U.S. state to another, with West Coast states more heavily reliant on Chinese markets.

Among the most dependent states: Washington, which sold roughly 20 percent of its exports to China last year, or nearly $10 billion worth of goods. Airplanes, the state’s largest export by far, made up the bulk of the state’s sales to China.

California exported some $16 billion to mainland China last year, with computers and electronics accounting for nearly 28 percent of the total. Texas was the third-largest exporter to China, with nearly $11 billion worth of products that included chemicals, computers and machinery.

Alaska, which exports a smaller volume of goods, last year sent a bigger share—some 28 percent—to China. Roughly half of Alaska’s $1.5 billion in exports to China last year consisted of seafood.

U.S. farm states are also big exporters to China, which is the biggest for American agricultural products. Some 20 percent of all U.S. farm exports are sold to China, which bought $30 billion worth of foods products in fiscal year 2014, including soybeans, distillers’ grains, hides and skins, tree nuts, coarse grains, cotton and beef, according to the U.S. Department of Agriculture.

While the total impact of Chinese exports is a relatively small share of U.S. GDP, sales have grown faster than any other trading partner on the last decade—nearly tripling between 2005 and 2014. U.S. exports Canada rose 47 percent growth and exports to Mexico roughly doubled.

Source: Here’s how China slowdown will hit your state’s economy

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