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- PoliticsCNBC•20 hours ago
A Mexican official from the city that just lost out on 1,000 jobs it expected to take from an Indiana Carrier plant says that Donald Trump is "telling the truth" when he rails against U.S. job losses . Jaime Garcia Astorga, secretary of economic development of Santa Catarina in the state of Nuevo Leon, told CNBC on Friday that "nobody" believed the president-elect was serious when he "made a lot of declarations" to voters about keeping U.S. jobs in the United States. This is a learning lesson for our state," said Garcia.
- BusinessCNBC•17 hours ago
That's the number of Americans now counted as not in the labor force, a historic high that has confounded economists and policymakers. The jump occurred as the U.S. economy added 178,000 jobs and the headline unemployment rate dropped sharply. Explaining the consistent increase in those leaving the labor force is complicated, with factors divided between an aging and rapidly retiring workforce, a skills gap that leaves job openings unfilled, and the nettlesome problem of too many people who find it's just easier to collect welfare and other transfer payments rather than go back to work.
- PoliticsBusiness Insider•2 days ago
Carrier employees are rejoicing Donald Trump's announcement on Thursday that their company will be keeping more than 1,000 jobs in Indiana. It's a reversal from Carrier's statement nearly a year ago that the Indianapolis-based air-conditioning company would relocate its plant to Monterrey, Mexico, starting in 2017. In a video that went viral in February, company president Chris Nelson can be seen delivering the bad news to a large crowd of employees.