Jobs News
Attracting Investment in America Creates New Jobs
Posted by on July 19, 2012 at 4:51 PM EDTEd. note: This is cross-posted from The Commerce Blog.
Attracting foreign direct investment (FDI) to the United States, and the jobs that come with it, has been a priority of the Obama administration since it came into office. Business programs from every federal agency have been thoroughly ramped up, and a new initiative targeting foreign companies thinking about locating in the United States, SelectUSA, was launched in 2011.
The United States is already the largest recipient of FDI in the world. In 2010, such investment totaled $228 billion, up from $153 billion in 2009, supporting more than five million jobs throughout the country. Those workers made up 4.7 percent of total private-sector employment in the United State, with an annual payroll of $410 billion.
Success in attracting FDI doesn’t happen without a lot of hard, collaborative work on the part of states, municipalities, development agencies, and the federal government. I saw an excellent example of this today in the city of Rochelle, Illinois, where I participated in a ribbon-cutting ceremony to mark the opening of a new manufacturing facility for Nippon Sharyo U.S.A., the U.S. subsidiary of a Japanese manufacturer of railcars.
Nippon Sharyo has a long history of selling passenger railcars here in the United States. With the opening of this new plant in Rochelle, however, the company will be able to expand its U.S. operations, lower production costs, comply with the “Made in America” requirements of many of its buyers, and—most important to the economy here—create 250 new jobs.
Learn more about EconomyThe Vice President and Dr. Biden Visit U.S. Vets in Las Vegas
Posted by on July 12, 2012 at 11:08 AM EDTOn Tuesday, the Vice President and Dr. Jill Biden visited the Las Vegas branch of the non-profit United States Veterans Initiative (U.S. Vets). With a mission to help homeless and at-risk veterans find jobs, U.S. Vets provides comprehensive support that includes housing, counseling, and career development programs. The Las Vegas group alone works with more than 160 veterans every day.
At the organization’s career center, the Vice President and Dr. Biden joined a life skills workshop, where they met with veterans who are either currently working or searching for work.
Learn more about VeteransRailroad Industry Commits to Hiring 5,000 Veterans in 2012
Posted by on July 11, 2012 at 5:03 PM EDTEd note: This post was originally published on FastLane, the official blog of the U.S. Department of Transportation
I’ve written before about how veterans have the right skills and training for successful careers in transportation as a result of their service. And at DOT, helping our veterans find work strengthening America’s transportation system is a commitment we are proud to fulfill.
That’s why yesterday, I was proud to join Association of American Railroads (AAR) President and CEO Ed Hamberger and Joining Forces Executive Director Brad Cooper to announce that 500 companies and organizations from America's railroad industry will hire more than 5,000 veterans in 2012.
Participants in this outstanding initiative include freight, inter-city passenger, and commuter railroads, as well as rail supply companies represented by AAR, and I thank them for of their commitment to America's heroes.
Hiring experienced military men and women into the railroad industry is not a new practice. For nearly two centuries, rail manufacturers and operators have recognized that our veterans bring a wealth of skills that translate from military service to successful railroad careers. In fact, 25 percent of the industry’s current workforce has military service.
Learn more about VeteransTop Chicago Employers Seek to Hire Veterans and Military Spouses
Posted by on July 10, 2012 at 5:51 PM EDTThe 100,000 Jobs Mission – a coalition of 55 companies committed to hiring 100,000 veterans by 2020 – is partnering with federal, state and local leaders to host a hiring event in Chicago this Thursday, July 12, at the University of Illinois at Chicago.
The event will feature 80 employers and more than 1,500 employment opportunities. These companies are looking to hire transitioning service members, veterans and military spouses for jobs ranging from entry-level to managerial positions in the Chicago area and across the country.
Candidates are encouraged to register and upload their resumes ahead of time and should come prepared for same-day interviews – and even same-day offers. With more than 12,000 veterans hired in the 100,000 Jobs Mission’s first 12 months, these employers are committed to the long-term success of veteran employment and are among the 2,100 companies throughout America who have hired veterans and military spouses through Joining Forces in the last year.
Learn more about VeteransPresident Obama Signs Bill to Create Jobs, Restore America's Transportation System
Posted by on July 9, 2012 at 2:29 PM EDTEd. Note: This is a cross-post from Fast Lane, Secretary of Transportation Ray LaHood's official blog
Last Friday afternoon, President Obama signed legislation that will put thousands of construction workers on job sites across the country and supports our commitment to restoring America's infrastructure.
This transportation bill, Moving Ahead for Progress in the 21st Century (MAP-21), will sustain our Highway Trust Fund and provide states and communities with two years of steady funding to build needed roads, bridges, and transit systems. It also builds on DOT's efforts to improve safety across all forms of transportation and to make progress on transportation alternatives as we have done during the last three years.
Learn more about EconomyThe Employment Situation in June
Posted by on July 6, 2012 at 10:01 AM EDTWhile the economy is continuing to heal from the worst economic downturn since the Great Depression, much more remains to be done to repair the damage from the financial crisis and deep recession that followed. It is critical that we continue the policies that build an economy that works for the middle class and makes us stronger and more secure as we dig our way out of the deep hole that was caused by the severe recession. There are no quick fixes to the problems we face that were more than a decade in the making. President Obama has proposals to create jobs by ending tax breaks for companies to ship jobs overseas and supporting State and local governments to prevent layoffs and rehire hundreds of thousands of teachers.
Today’s report from the Bureau of Labor Statistics (BLS) shows that private establishments added 84,000 jobs last month, and overall non-farm payroll employment rose by 80,000. The economy has now added private sector jobs for 28 straight months, for a total of 4.4 million payroll jobs during that period. Employment is growing but it is not growing fast enough given the jobs deficit caused by the deep recession.
Learn more about EconomyDetroit Hosts U.S.'s Largest Veteran Hiring Fair
Posted by on July 5, 2012 at 6:10 PM EDTLast week, I had the privilege of joining the leadership of the Department of Veterans Affairs and thousands of veterans in Detroit for the largest veteran hiring fair in America this year.
The result: More than 1,300 veterans have already been offered jobs… and the process is still ongoing.
This extraordinary effort builds on the 90,000 veterans and military spouses that have been hired in the last year through First Lady Michelle Obama and Dr. Jill Biden’s Joining Forces initiative.
Job opportunities were available well beyond Detroit, with more than 200 employers across private and government sectors participating in the three day event. Veterans like Charles Emerson, who served in Afghanistan, came to Detroit seeking employment opportunities. Emerson drove all the way from Virginia and, after interviewing with a VA Medical Center in Wisconsin, was offered a job starting in September.
Landmark Court Decision Upholds EPA's Actions to Protect Families
Posted by on June 29, 2012 at 3:48 PM EDTEarlier this week, the United States Court of Appeals for the D.C. Circuit affirmed – via a unanimous ruling – several important steps taken by the Environmental Protection Agency (EPA) to protect the health of American families, save consumers money at the pump, and reduce our dependence on foreign oil.
This was a landmark decision with several key components:
- The Court upheld EPA’s science-based finding that carbon pollution endangers the public’s health and welfare, noting the “substantial record evidence.”
- The Court protected the Administration’s historic fuel economy standards for cars and trucks, adding that EPA’s implementation of the Clean Air Act was “unambiguously correct.”
- Finally, the Court dismissed several petitions challenging a requirement for some of the nation’s largest polluters – starting with new power plants – to install widely-available and cost-effective pollution control technology, while shielding smaller emitters, arguing that “no petitioner had standing.”
Learn more about Economy, Energy and EnvironmentDOT Launches Web Portal for Veterans Seeking Transportation Jobs
Posted by on June 21, 2012 at 12:12 PM EDTEd note: This post was first published on Fastlane, the official blog of the Department of Transportation
President Obama has asked that we serve our veterans as well as they’ve served us, and we at DOT are proud to answer the President’s challenge. That’s why today, in conjunction with the U.S. Department of Veterans Affairs, we’re launching a web portal to help veterans find transportation jobs in the private sector.
Our veterans have the skills and experience to help rebuild America, and we want to put them to work in the skies, on the roads, and throughout our transit systems.
Another Step Forward Toward Energy Security
Posted by on June 20, 2012 at 5:05 PM EDTToday, the Obama administration is offering 39 million acres of the most oil- and gas-rich area of the Gulf of Mexico in order to increase the exploration and production of America’s domestic energy resources. This is a landmark sale – we estimate that up to 1.6 billion barrels of oil and 6.6 trillion cubic feet of natural gas could be produced as a result of the acres leased. Holding this lease sale reinforces our commitment to increasing U.S. production, reducing America’s dependence on foreign oil, and incentivizing prompt development of the leases that industry holds.
The bottom line: it’s good news for American jobs, good news for the Gulf economy, and it’s good news for the President’s efforts to expand safe and responsible production of America’s abundant domestic resources.
Despite misleading rhetoric from some, the President has made clear he is committed to expanding oil and natural gas production safely and responsibly, and today’s sale is just the latest example of his administration delivering on that commitment. As part of the President’s all-of-the-above energy strategy, this sale builds on a series of actions taken by the Obama administration, including additional lease sales in both onshore and offshore areas for oil and gas development.
Learn more about Economy, Energy and EnvironmentTranslating Veterans' Skills into Veterans' Jobs
Posted by on June 20, 2012 at 2:43 PM EDTAmerica’s veterans are national and civic assets. Veterans bring extraordinary skills and experience to the civilian work force when they leave the work force – and it's clear that companies want to hire veterans because it’s good for their bottom line.
But translating one’s military experience into language that is easily understood by civilian employers can sometimes be one of the most difficult tasks a veteran in transition faces. Let’s use me as an example: I’ve been in the Navy for 27 years -- my major skill sets are: driving warships, firing Tomahawk missiles and finding stealthy submarines in the ocean’s depths. Let’s face it, while those talents work well in the Navy, there just aren’t a lot of companies who need those specific skills.
The good news is: organizations and companies throughout America are stepping up to help with veterans’ “skill translation” -- and the timing is important: more than 1,000,000 veterans will be transitioning out of the military and into the civilian workforce in the coming years.
Last November, through the President’s leadership, the White House coordinated a public-private effort with the Departments of Defense, the Department of Veterans Affairs, and the Department of Labor -- along with major tech companies -- to establish the Veterans Job Bank, a single site with a built-in skills translator and more than 800,000 jobs for veterans today.
Reforming Unemployment Insurance to Protect Jobs and Incomes for American Workers
Posted by on June 18, 2012 at 1:45 PM EDTIn his inaugural address, President Obama praised workers who “would rather cut their hours than see a friend lose their job.” But in most states, our unemployment insurance (UI) system discourages reducing hours in this way. A worker who is laid off has access to UI benefits that temporarily cover part of lost wages, but a worker whose hours are reduced has no such access, creating an incentive for layoffs while leaving workers who face an involuntary reduction in their hours with no protection or support. Today the Department of Labor is issuing guidance on new legislation that will help to address these problems. This guidance is part of a series of important UI reforms designed to contribute to job creation and job placement that the President proposed in the American Jobs Act, were signed into law in February and are now being implemented.
Programs in some states that allow workers whose hours have been cut to claim pro-rated UI benefits—so-called short-time compensation or work sharing programs—help to keep workers on the job. President Obama has long advocated the expansion of work sharing to help employers and their workers. It’s an idea that has been supported by economists across the political spectrum. The President’s proposal to expand the number of states with work-sharing programs, and increase employer awareness of the benefits of work sharing, was included in both his FY 2012 and 2013 Budgets, and in last September’s American Jobs Act. That proposal was signed into law on a bipartisan basis as part of the February extension of the payroll tax cut, and is being implemented today through guidance released by the Labor Department.
Learn more about EconomyNew Visa Legislation Enables Israeli Investors to Create American Jobs
Posted by on June 15, 2012 at 5:36 PM EDTLast week, President Obama signed into law H.R. 3992, bipartisan legislation introduced by Rep. Howard Berman (CA28), which would further open America to direct investment by Israeli investors, provided Israel reciprocates with similar opportunities for American investors. The law adds Israel to a list of 80 countries whose citizens are eligible for E-2 investor visas.
E-2 visas are temporary visas granted to investors from a particular list of treaty countries. To qualify for this visa, foreign national investors must intend to come to the United States to develop and direct the operations of a business in which the foreign national must have invested — or be in the process of investing — a substantial amount of capital in the enterprise. In Fiscal Year 2011, the United States issued 28, 245 visas for this purpose.
Israel is a significant trade partner with the United States. In 2011, bilateral trade with Israel totaled $26.9 billion, and it is among the U.S.’s top 10 largest per capita export markets. Israel is a world leader in security and defense technologies, medicine, agriculture and clean energy. As we work to build an America Built to Last, and get our economy back on track, the Obama Administration is focused on supporting and generating investment in these and other critical industries.
Learn more about Economy, Foreign PolicyMy First Job: Richard Kind
Posted by on June 12, 2012 at 5:16 PM EDTSummer Jobs+ is a call to action for businesses, non-profits, and government to work together to provide pathways to employment for young people in the summer of 2012. It's about helping people find their first jobs.
In the video below, actor Richard Kind talks about his first summer job, working to set up the jewelery and china departments at a new store. Richard had to make sure that every piece in a set of china came into the store intact, and destroy any sets that weren't perfect. In hindsight, the skills he employed on that job don't translate in his current career, but he did learn that you can have fun in the most unexpected ways at work.
Watch Richard Kind talk about his first job here:
So far, employers have listed more than 300,000 jobs, mentorships, and other employment opportunities this summer through Summer Jobs+.
You heard about Richard's first job. Now go find yours.
Learn more
- Watch Valerie Jarrett, Senior Advisor to the President, talk about her first job
- Watch Cecilia Munoz, Director of the White House's Domestic Policy Council, talk about her first job.
- Watch Jimmy Fallon talk about his first job.
- See the list of participating employers and organizations
- Check out a range of web and mobile apps designed to connect young people to jobs.
White House Rural Council Celebrates Its One Year Anniversary
Posted by on June 11, 2012 at 6:47 PM EDTToday, President Obama talked to local TV reporters from communities around the country with significant rural populations. These interviews come as the White House released a report noting progress that has been made in the agricultural economy and detailing the steps the Obama Administration has taken to help strengthen the farm economy and support jobs in rural America. The report was developed by the White House Rural Council, the Council of Economic Advisors, and the U.S. Department of Agriculture. In addition, the President announced new investments to help rural small businesses expand and hire.
One year ago today, President Obama established the White House Rural Council in order to better coordinate federal programs and maximize the impact of Federal investment to promote economic prosperity and improve the quality of life in rural communities. It truly is exciting that in just one year, more than a dozen new policy initiatives have been launched to assist rural America. One of those initiatives was a new commitment to invest in rural businesses through the Small Business Administration’s Small Business Investment Company (SBIC) program, at no cost to tax payers. Today the President announced that more than $400 million has already been invested this fiscal year in these businesses through the SBIC program, and that nearly $2 billion in additional funding will be invested by the end of fiscal year 2016.
My First Job: Chris Lu
Posted by on June 11, 2012 at 11:11 AM EDTSummer Jobs+ is a call to action for businesses, non-profits, and government to work together to provide pathways to employment for young people in the summer of 2012. It's about helping people find their first jobs.
As the Cabinet Secretary in the White House, Chris Lu is President Obama’s primary liaison to the Cabinet departments and agencies, helping to coordinate policy and communications strategy. In the video below he talks about his first summer job, as an office assistant at a federal research lab in Maryland, where his responsibilites included mopping up the mess after safety showers were tested. Chris says he still has those mop skills, and he also retains the appreciation he learned for the important work federal employees do every day.
Watch Secretary Chris Lu talk about his first job here:
So far, employers have listed more than 300,000 jobs, mentorships, and other employment opportunities this summer through Summer Jobs+.
You heard about Chris's first job. Now go find yours.
Learn more
- Watch Valerie Jarrett, Senior Advisor to the President, talk about her first job
- Watch Cecilia Munoz, Director of the White House's Domestic Policy Council, talk about her first job.
- Watch Jimmy Fallon talk about his first job.
- See the list of participating employers and organizations
- Check out a range of web and mobile apps designed to connect young people to jobs.
VA’s Business Conference and Hiring Fair: Putting Vets Back to Work
Posted by on June 8, 2012 at 10:54 AM EDT
Ed. Note: This is a cross post from VA.gov
The National Veteran Small Business Conference is fast approaching, along with the associated Veteran Hiring Fair and VA Open House. From June 26-29, thousands of Veterans will gather in Detroit’s Cobo Center for the three VA-hosted events below.
Congress Says No to Equal Pay
Posted by on June 5, 2012 at 4:24 PM EDTEqual pay for women is about more than just fairness. Women are breadwinners in more than 50 percent of American households, and if they're making less than men do for the same work, families have to get with less money for childcare and tuition and rent, and small businesses have fewer customers. Everybody suffers.
President Obama supports passage of the Paycheck Fairness Act, a comprehensive and commonsense bill that updates and strengthens the Equal Pay Act of 1963, which made it illegal for employers to pay unequal wages to men and women who perform substantially equal work. Following Congress's failure to act on this bill today, the President released the following statement:
This afternoon, Senate Republicans refused to allow an up-or-down vote on the Paycheck Fairness Act, a commonsense piece of legislation that would strengthen the Equal Pay Act and give women more tools to fight pay discrimination. It is incredibly disappointing that in this make-or-break moment for the middle class, Senate Republicans put partisan politics ahead of American women and their families. Despite the progress that has been made over the years, women continue to earn substantially less than men for performing the same work. My Administration will continue to fight for a woman’s right for equal pay for equal work, as we rebuild our economy so that hard work pays off, responsibility is rewarded, and every American gets a fair shot to succeed.
Learn more about wage inequality and its effects on American families here
Women Entrepreneurs Are Creating Jobs: An Interactive Timeline
Posted by on June 1, 2012 at 3:02 PM EDTThe worst economic crisis since the Great Depression didn’t develop overnight, and it won’t be solved overnight. But while we have a long way to go, over the past 27 months, American companies have added more than 4.3 million jobs. Behind that number are countless small businesses – entrepreneurs with bold ideas and a willingness to dream big.
President Obama knows that small business owners are the engines of our economy. That’s why he has signed 18 new small business tax cuts into law. As our country continues to recover from the worst recession since the Great Depression, we must continue to support and celebrate America’s job creators.
That’s why StartUp America, the Council on Women and Girls and the White House Business Council have put together an interactive tool to introduce you to some of the women entrepreneurs who are helping our country succeed. Some of these small business owners are on the cutting edge of social media, advanced manufacturing and biotechnology. Others have opened traditional “main street” establishments, such as stores and restaurants. All of them have created jobs, and made their communities better places to work and live.
The Employment Situation in May
Posted by on June 1, 2012 at 9:34 AM EDTProblems in the job market were long in the making and will not be solved overnight. The economy lost jobs for 25 straight months beginning in February 2008, and over 8 million jobs were lost as a result of the Great Recession. We are still fighting back from the worst economic crisis since the Great Depression.
Today we learned that the economy has added private sector jobs for 27 straight months, for a total of 4.3 million payroll jobs over that period. The economy is growing but it is not growing fast enough. BLS’s establishment survey shows that private businesses added 82,000 jobs last month, and overall non-farm payroll employment rose by 69,000. The unemployment rate ticked up from 8.1 percent in April to 8.2 percent in May, according to BLS’s household survey. However, the labor force participation rate increased 0.2 percentage point to 63.8 percent, and employment rose by 422,000 according to the household survey.
There is much more work that remains to be done to repair the damage caused by the financial crisis and deep recession that began at the end of 2007. Just like last year at this time, our economy is facing serious headwinds, including the crisis in Europe and a spike in gas prices that hit American families’ finances over the past months. It is critical that we continue the President’s economic policies that are helping us dig our way out of the deep hole that was caused by the severe recession.
In the American Jobs Act and in the State of the Union Address, the President put forward a number of proposals to create jobs and strengthen the economy, including proposals that would put teachers back in the classroom and cops on the beat, and put our nation’s construction workers back on the job rebuilding our nation’s infrastructure. The President has also proposed a “To-Do List” of actions that Congress should take to create jobs and help restore middle-class security. This includes eliminating tax incentives to ship jobs overseas, cutting red tape so responsible homeowners can refinance, giving small businesses that increase employment or wages a 10 percent income tax credit, investing in affordable clean energy, and helping returning veterans find work. The President is in Minneapolis today to announce a new executive action that will establish private sector partnerships to help military service members acquire recognized occupational credentials—as welders, as machinists, and ultimately in a broader range of occupations. These partnerships will help service members find private sector jobs once they leave the military, and they will help firms in manufacturing and other industries that need workers to fill their vacant positions.
Manufacturing employment continues to expand and manufacturers added 12,000 jobs in May. After losing millions of good manufacturing jobs in the years before and during the recession, the economy has added 495,000 manufacturing jobs since January 2010--the strongest growth for any 28-month period since April 1995. To continue the revival in manufacturing jobs and output, the President has proposed tax incentives for manufacturers, enhanced training for the workforce, and measures to create manufacturing hubs and encourage the growing trend of insourcing.
Other sectors with net job increases included education and health services (+46,000), transportation and warehousing (+35,600), wholesale trade (+15,900), and temporary help services (+9,200). Construction lost 28,000 jobs, accounting services lost 14,000 jobs, government lost 13,000 jobs, and leisure and hospitality lost 9,000 jobs. State and local governments shed 8,000 jobs, mostly in education.
As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision. Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.
Learn more about Economy
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