"Most of the funding, $621 million, will go toward 36 projects aimed at bolstering the resilience of existing infrastructure through things like improving draining, moving roadways, and lifting up bridges.
An additional $119 million will go toward protecting, strengthening, or removing at-risk coastal infrastructure like highways."
#WhatBidenDid for job creation in the clean energy sector:
"Rising to the #climate challenge is turning into a win-win for the U.S. economy, as manufacturing in climate solutions is creating hundreds of thousands of #jobs, directly and indirectly, all across the nation.
Despite cash flowing from a democratic administration, the vast majority of the federal investment – and jobs created – is going to red or swing states.
#Wages were strong: Avg hourly #earnings rose 0.4%, up 4.1% from a year earlier. That was also stronger than expected, since #WageIncreases have been easing since early 2022.
The household survey, from which the #unemployment rate is drawn, showed 408k fewer people #working in May than in April. That data has been out of joint for some time w/the survey of #employers, from which the #JobGrowth figure is tallied, suggesting revisions down the line.
The data is unlikely to affect the #FederalReserve’s decision next week on #InterestRates, when most economists expect policymakers to leave rates unchanged at their currently high level. #Fed ofcls have noted they are most focused on progress in suppressing inflation#.
In other data released this week, the ratio of #JobOpenings to #unemployed workers in April declined to prepandemic levels after peaking at more than two to one in early 2022. #Employers aren’t #hiring very quickly, but they’re not laying many people off, & #workers are less likely to quit their #jobs than they were in 2019.
The drop in #LaborForce participation came largely from those between the ages of 20–24, declining from 72.4% in April to 70.8% in May.
• 272K jobs added in May
• Total of 15.6 million jobs added under Biden
• Women's employment rate hits another high in May
• 30 straight months of unemployment rate at or below 4%
• Prime-working-age labor force participation at 22-year high
• Wages up 4.1% over past year, significantly faster than 3.4% inflation
🆕 blog! “I don't understand the sacrifices people make for work”
Just before I graduated from University, I went to a careers fair to help me decide what I wanted to do with my life. At one of the stalls was our local Police force1 - advertising the exciting new world of digital forensics2. Here is - almost verbatim - the conversation I had with the […]
I’d like to point out to younger people that good or bad, future employers check your social media before deciding whether to hire you or not. They’re not supposed to do that but I know many do so consider what you post and how it could affect your future. #jobs#employment#socialmedia
The U.S. economy added a booming 272,000 jobs in May, with unemployment at 4%.
USA Today reports: "Wage growth generally has downshifted as COVID-related labor shortages have eased, but it’s still above the 3.5% clip that’s consistent with the Federal Reserve’s 2% inflation goal."
BREAKING NEWS - NYTImes - Wednesday, June 5, 2024 11:53 PM ET
Federal regulators made a deal allowing them to proceed with antitrust investigations into Microsoft, OpenAI and Nvidia in the artificial intelligence industry.
The agreement signals intensifying scrutiny by the Justice Department and the Federal Trade Comission into A.I., a rapidly advancing technology that has the potential to upend jobs, information and people’s lives. #AI#OpenAI#Microsoft#Nvidia#ArtificialIntelligence#labor#jobs#Antitrust#law
'Out of 500-600 jobs this is the first one that's ever come back': Customer returns their car to shop after being dissatisfied. It's coming out of the mechanic's check