The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid off. Most of the affected factories build cars that won't be sold in the U.S. after next year. They could close or they could get different vehicles to build. They will be part of contract talks with the United Auto Workers union next year.
The four factories in the U.S. and one in Canada could be shuttered by the end of 2019 if the automaker and its unions don't come up with an agreement to allocate more work to those facilities, GM said in a statement Monday.
Plants without products include assembly plants in Detroit; Lordstown, Ohio; and Oshawa, Ontario. Also affected are transmission factories in Warren, Mich., as well as Baltimore.
More than 6,000 factory workers could lose jobs in the U.S. and Canada, although some could transfer to truck and SUV plants.
General Motors plans to halt production at 3 assembly plants in Canada, Ohio, and Michigan by not allocating new products, Reuters reports.— Kyle Griffin (@kylegriffin1) November 26, 2018
Cost pressures have increased. GM also has said Trump-imposed tariffs on imported steel have cost it $1 billion.https://t.co/h2Bzl0DlAM
BREAKING: trump's tariffs on steel causing General Motors to lose $1B, now they'll layoff 14,000 jobs in North America.— BrooklynDad_Defiant! (@mmpadellan) November 26, 2018
Can someone PLEASE explain how this equals #winning? https://t.co/FgBpDrUkF1
Trump, July 2017: people in Youngstown, Ohio worried about the city's General Motors plant will be fine!— Pé Resists (@4everNeverTrump) November 26, 2018
Today: General Motors is closing its Youngstown, Ohio plant partly due to Trump's trade war.
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| (Images via Forbes) |
President Trump started with a distinct advantage with a workforce of 145.7 million, 9% larger than when President Obama took office. If the workforce were to only grow by 2%, that would add just over 2.9 million jobs a year or 243,000 per month. Over the course of 10 years, there would be over 29 million jobs added.
Additionally, over President Obama’s last six and five years in office after the economy had recovered from the Great Recession, the average employment gains were 2.42 and 2.48 million jobs per year. Pretty much on track to add 25 million over 10 years. So it appears that Trump can reach his 25 million job growth goal even if the economy continued to grow at the pace under Obama .
To provide a monthly comparison, the average employment gain in Obama’s last six years in office (after getting out of the recession's impact) was 201 thousand. And the average for his last five years was 207 thousand, essentially the same as the 208 thousand for the first nine months this year.
The second graph that shows the U.S. unemployment rate continues on essentially the same path even with a slightly higher GDP growth rate (based on trailing four quarters growth).
Average Monthly #Job Gains— Fox News Research (@FoxNewsResearch) January 5, 2018
-by year
•2017: 171,000
•2016: 187,000
•2015: 226,000
•2014: 250,000
•2013: 192,000
•2012: 179,000
•2011: 174,000
•2010: 88,000#JobsReport
The #JobsReport confirms what many Americans already know. The policies of @realDonaldTrump and his #GOP enablers have benefited the top 1%, but not the middle class. 2017 had the lowest average monthly job gains of any year since 2010. Democrats have a better deal. https://t.co/lPwxX8OHKV— Ted Lieu (@tedlieu) January 5, 2018
I'm fine if Trump brags about his #JobsReport & the stock market, but I am not fine when he attacks Obama's numbers in doing so. The FACTS:— Brian Krassenstein🐬 (@krassenstein) January 5, 2018
Jobs created in 2017 Trump: 2.06m
Jobs created in 2016 Obama: 2.24m
Obama Y1 Stock Market: Up 36.9%
Trump Y1 Stock Market: Up 27.3%
#Macys to cut 5,000 #jobs. Thank goodness #coal is roaring back, right @realDonaldTrump?#JobsReport #ThursdayThoughts #Economy https://t.co/5dAyDFwv0R— Matt (@nosoupforgeorge) January 4, 2018
Average Monthly Job Gains— Fox News Research (@FoxNewsResearch) December 8, 2017
-January through November
2017: +174,000
2016: +190,000
2015: +225,000
2014: +249,000
2013: +205,000
2012: +173,000
2011: +171,000
2010: +89,000
November #JobsReport
Trump likes to take credit for everything with the economy. Maybe he'll take credit for the weakest job numbers in 5 years. #JobsReport https://t.co/VUAf3cDplj— Keith Boykin (@keithboykin) December 8, 2017
BREAKING: Jan-Nov US job growth is WEAKEST in 5 years as @realDonaldTrump squanders the momentum he inherited from Obama, reports @FoxNews #MAGA #JobsReport https://t.co/pzAoC0bXyq— The Daily Edge (@TheDailyEdge) December 8, 2017
Please Retweet Trump Will Hate This.The economy was stronger under Obama than Trump— PoliticsVideoChannel (@politvidchannel) December 8, 2017
Avg monthly job gain in 2016: 187k
Avg monthly job gain in 2017: 174k
Obama - Jobs created Feb.-Nov. 2016: 2.1 Million
Trump - Jobs created Feb.-Nov. 2017: 1.7 Million#JobsReport pic.twitter.com/UhXL9RuiQ5
■ The economy lost 33,000 jobs last month, the first monthly decline in employment in seven years. Wall Street economists had expected very modest employment gains of 80,000, according to Bloomberg.
■ The unemployment rate fell to 4.2 percent. August’s jobless rate was 4.4 percent.
■ The average hourly wage grew by 0.45 percent, for a year-over-year gain of 2.9 percent.
■ Revised figures for July and August showed that a total of 38,000 fewer jobs were created in those two months than previously reported.
Economists surveyed by Reuters had been expecting payrolls to grow by 180,000 in August and the unemployment rate to hold steady at 4.3 percent. A broader measure that includes discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 8.6 percent.
In addition to missing estimates, previous months' job totals also were cut. June was revised down from 231,000 to 210,000 while July fell from the initially reported 209,000 to 189,000, the Bureau of Labor Statistics said.
Wage growth also was weak for the month, with average hourly earnings up 0.1 percent for an annualized rate of 2.5 percent. The average work week declined by 0.1 hour to 34.4 hours.
In the first six months of Trump’s presidency, there have been slightly more than 1 million jobs created, according to the Bureau of Labor Statistics.
But Burtless noted there’s been very little change in the trend in employment in the first six months of 2017, compared with the same period in the previous four years.
In fact, the gain in payroll employment in the January-through-July period was a bit slower in 2017 compared with the previous four years, whether measured as an absolute rise in the number of nonfarm payroll jobs or as a percentage of employment in January of the indicated year.
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| Source: Bureau of Labor Statistics |
Important note from @SRuhle: Trump's 'Made in America' week is at odds w/ his proposed budget—which calls for cuts to job training programs. pic.twitter.com/N9KgXnYlul— Kyle Griffin (@kylegriffin1) July 19, 2017
The Department of Homeland Security on Monday announced a one-time increase of 15,000 additional visas for low-wage, seasonal workers for the remainder of this fiscal year, a seeming about-face from President Trump's "Hire American" rhetoric, following heavy lobbying from the fisheries, hospitality and other industries that rely on temporary foreign workers.
The increase represents a 45 percent bump from the number of H-2B visas normally issued for the second half of the fiscal year, said senior Homeland Security officials in a call with reporters Monday.
The visas are for workers taking seasonal jobs in the seafood, tourism and other industries -- but not farm laborers.
Not made in America: President Trump kicked off the week touting products made in the U.S., but do his businesses reflect his message? pic.twitter.com/F22Yn1VoKP
— NBC News (@NBCNews) July 17, 2017
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| President Trump |
Carrier was going to lay off 1,400 workers and open a new facility in Mexico where labor is cheaper.
Trump said that 1,100 jobs would stay in Indianapolis because of his actions.
As it turns out, Carrier did agree to employ at least 1,069 people at the Indianapolis plant for the next 10 years in exchange for the $7 million in incentives.
But the majority of the 1,069 positions are engineering and technical workers whose positions weren’t in jeopardy, CNBC said.
The manufacturers whose jobs were on the line in November are still at risk — and 730 of them will get the ax, CNBC reported.
Trump had also taken credit for getting a promise from United Technologies to invest $16 million into the Indianapolis plant.
But that money is actually going toward more automation — which will result in fewer jobs, CNBC noted.
Nevada led the way as the U.S. showed strong job growth in 2016, scoring highest among all states in Gallup's 2016 Job Creation Index.
The rise to the top spot completed a six-year climb for Nevada, which ranked last among the states in both 2009 and 2010.
Moving in the other direction, Wyoming scored last among the states for 2016 -- eight years after topping Gallup's first Job Creation Index in 2008.
Each night in its Gallup Daily tracking survey, Gallup asks employed Americans to report on hiring activity at their place of work. Gallup's Job Creation Index is based on the percentage of workers saying their place of employment is increasing the size of its workforce, minus the percentage saying their place of employment is reducing the size of its workforce.
For the nation overall, the Job Creation Index score has grown each year since 2009, from -1 to +32 in 2016 (43% hiring, 11% letting go).
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| President-elect Donald Trump |
“Because of what’s happening and the spirit and the hope. I was just called by the head people at Sprint and they’re going to be bringing 5,000 jobs back to the United States.”
"I just spoke with the head person, he said because of me they’re doing 5,000 jobs in this country.”
Sprint’s parent company, SoftBank, said in October that it would partner with a Saudi sovereign wealth fund to invest about $100 billion in the tech sector. On December 6, SoftBank CEO Masayoshi Son told Trump the company would use some of these funds to bring 50,000 jobs to the United States. Trump promptly announced as much on Twitter.
SoftBank confirmed to the tech news site Engadget that the 5,000 jobs Trump took credit for on Wednesday are “part of the 50,000 jobs that Masa previously announced.” The company added that the 50,000 jobs “will be a combination of newly created jobs and bringing some existing jobs back to the U.S.”
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| (via CNN) |
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| (via USA Today) |
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| (via Washington Post) |
Share the news: Our economy added 215,000 jobs last month and our unemployment rate is 5.3% #JobsReport pic.twitter.com/YTUXHpDVAN
— US Labor Department (@USDOL) August 7, 2015
Payroll employment rises by 280,000 in May; unemployment rate essentially unchanged (5.5%) http://t.co/1Y9cSWJUIB #JobsReport #BLSdata
— BLS-Labor Statistics (@BLS_gov) June 5, 2015
