Though there are signs that the economy is on the uptick, President Obama is keeping pressure on Congress to pass a jobs bill, traveling to Austin, Texas, this week as part of a new jobs tour to bring attention to the struggles of middle class families and build support for his economic policies. Though the [...]
Samsung Plans New Assembly Plant in Kenya
April 5, 2013 | Posted by
Korean electronics giant Samsung is set to open a television, laptop and printer assembly plant in Kenya by end of this year, positioning Nairobi to be the nerve center of its operations in East Africa. The plant is initially expected to employ 900 people directly and more than 1,000 in its supply and marketing chains, [...]
Unemployment Numbers Still Disheartening For African-Americans
December 7, 2012 | Posted by
The nation’s overall unemployment rate has slipped to its lowest number in four years, but finding jobs continues to be a struggle for African-Americans, according to Bureau of Labor statistics figures released on Friday. Most of America took heart in seeing the percentage of Americans out of work dip to 7.7 percent, its lowest total [...]
Latest Jobs Report: Black Unemployment Continues to Rise
November 2, 2012 | Posted by
U.S. employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought, but the outlook remains dim for many young African-Americans still struggling to find work. Friday’s latest jobs report from the Bureau of Labor Statistics pointed to a slowly improving jobs picture that could enhance President Barack [...]
The Highest Paying Executive Positions
October 13, 2012 | Posted by
If you want to keep getting raises, get promoted to senior management. As tough as the economy has been, people in executive positions saw their paychecks increase by an average of 6.6% this year, to $108,800. That’s according to data just released by Compdata Surveys, a national compensation survey and consulting firm in Olathe, Kan. [...]
President Obama and First Lady Michelle on Ebony Cover
October 11, 2012 | Posted by
President Barack Obama and first lady Michelle grace the cover of the November issue of “Ebony Magazine” as election day draws near and voters of all colors are eager to know where the nation’s leader stands on the issues. Inside the issue, the Commander-in-Chief is interviewed by MSNBC host Melissa Harris-Perry and discusses education, health [...]
U.S. Payroll Count: More Jobs Created Than Lost Under Pres. Obama
September 28, 2012 | Posted by
More jobs have now been created than lost since President Barack Obama took office, preliminary revisions to the U.S. payroll count showed. The number of jobs created in the year ended in March was revised upward by 386,000, the Labor Department said in Washington yesterday. If that estimate is confirmed in the final report, it [...]
Disappointing August Jobs Report May Spell Trouble for Obama
September 7, 2012 | Posted by
Friday morning’s release of a disappointing August jobs report certainly won’t diminish all of the momentum President Barack Obama had generated at this week’s Democratic National Convention in Charlotte, but it certainly tapers things down somewhat. Democrats were hoping for better news as they head into the pivotal final 60 days before the November presidential [...]
Jobs Added, But Not Enough to Drive Down Unemployment Rate
August 4, 2012 | Posted by
The U.S. economy generated jobs last month at the fastest pace since February, a sign it is resilient enough to pull out of a midyear slump and grow modestly even as the rest of the world slows down. The 163,000 jobs employers added in July ended three months of weak hiring. But the surprising gains [...]
Growing Trade With Africa Can Create Jobs In The US
June 15, 2012 | Posted by
In the 1980s, exporting goods from Singapore often meant running a gauntlet of Dickensian bureaucracies. A Singaporean trader hoping to ship goods abroad might have to fill out up to 35 forms, in duplicate, and submit them in person to at least two different offices. Shipments would regularly be delayed for days awaiting bureaucratic approval. [...]
