Stocks climb again after stronger-than-expected jobs report — Here's what experts are watching
Stocks saw a major reversal on Friday. Here's what experts are watching in the market and what they have to say about the U.S. economic outlook. David Kelly, chief global strategist at JPMorgan Asset Management, lays out why this could be beneficial for value stocks. It just does threaten growth stocks, it threatens high P/E stocks, and I think that's what we're seeing in markets." I do think it matters how fast we get there, and I think we've had quite an aggressive move and do not expect that speed to continue."cnbc.com
Pittsylvania County beats out bids in three other states to get 50 new jobs
PITTSYLVANIA COUNTY, Va. – A Pittsylvania County company will be expanding its footprint in the community by investing $45 million in the next for years. Intertape Polymer Group Inc. plans to add 30,000 square feet to its facility at 1101 Eagle Springs Road, creating 50 new jobs. Though headquartered in Montreal, Québec, and Sarasota, Florida, the company currently employs over 300 people at its 45-acre operation in Pittsylvania County. “Intertape Polymer Group is a valued member of the Pittsylvania County community that employs many of our residents,” said Pittsylvania County Board of Supervisors Chairman Bob Warren. “We are thrilled that IPG will be expanding its facility and providing even more high-quality jobs for Pittsylvania County households.”
Virginia making payments in backlogged unemployment cases
RICHMOND, Va. – After being threatened with a lawsuit, Virginia has begun paying unemployment benefits to tens of thousands of people whose claims had previously been on hold because they were awaiting a staff review. State officials decided to go ahead and pay the applicants while their claims make their way through the determination process. A spokeswoman for the Virginia Employment Commission says payments started going out Tuesday night. The move will certainly be a relief for many Virginians. But if the determination process finds the recipients were not due the money, they will have to pay it back, possibly along with interest and fees.
Better than a walk in the park: Reasons why now is a great time to pursue a career in forestry
Several colleges and universities offer programs to begin a life-sustaining career in the forestry industry. “The study of forestry is a critical service to the health of the earth and all that live on it,” DSLCC forestry instructor Scott Reigel said. What makes a DSLCC Forestry degree so unique? A hands-on learning experience at DSLCC can put you on the path to a broad spectrum of natural resource career fields. For more information on how to start a forestry degree, click or tap here.
Botetourt County Public Schools hosts job fair to fill openings for teachers, bus drivers
DALEVILLE, Va. – Botetourt County Public Schools put its “Now Hiring” sign on full display on Wednesday. The school district hosted a job fair at Lord Botetourt High School throughout the day. Applicants were able to interview with school district leaders face-to-face, albeit with distance, between the tables due to COVID-19 precautions. Botetourt County Public Schools is looking to fill openings for teachers, bus drivers, bus aides, nurses, and custodians. “I want to help out wherever they need me.”The school district encouraged applicants to pre-register but did allow walk-ins to apply for jobs.
Virginia’s extended benefits program to end Nov. 21
(Copyright 2020 The Associated Press. A program that provided extended unemployment benefits to out-of-work Virginians will end Saturday. The Virginia Employment Commission on Wednesday announced the end of the state’s Extended Benefits program. The federally-funded program provided up to an addition 13 weeks of benefits to people who had already exhausted their regular benefits and any Pandemic Emergency Unemployment Compensation benefits. It is ending because employment in Virginia has improved and no longer meets a federal threshold for the program to be funded.
Police: Actor Eddie Hassell, 30, killed in Texas shooting
The shooting happened early Sunday in the Dallas suburb of Grand Prairie. Police said in a statement that officers responded to a report of a shooting and found Hassell suffering from gunshot wounds. (Photo by Danny Moloshok/Invision/AP, File)GRAND PRAIRIE, Texas – The actor Eddie Hassell, known for his roles in the NBC show “Surface” and the 2010 film “The Kids Are All Right,” has died after a shooting in Texas, police said. Grand Prairie police said in a statement that officers responded to a report of a shooting and found Hassell suffering from gunshot wounds. Grand Prairie police said the motive remained under investigation, but that a car had been taken from the scene of the shooting.
Furniture company creating nearly 200 jobs in Pittsylvania County
PITTSYLVANIA COUNTY, Va. – Nearly 200 jobs are coming to Pittsylvania County as a North Carolina furniture company is moving into a recently vacated space. Ison Furniture Manufacturing is spending $3.5 million to buy and renovate the recently closed A.C. Furniture facility. As part of its multi-million dollar investment, Ison will purchase new equipment for the assembly and full production of its upholstered furniture products. “We are pleased to welcome Ison Furniture Manufacturing and Dogwood Global to Southern Virginia,” said Northam in a news release. The former A.C. Furniture Company in Pittsylvania County operated from 1977 to March 2020.
Virginia’s first large-scale CBD oil extraction facility opens in Halifax County
Ralph Northam, Virginia’s Agriculture and Forestry Secretary, local leaders and facility founders cut the ribbon on a brand-new hemp laboratory in Halifax County. The new multi-million-dollar facility works to extract CBD oil from hemp plants. It’s Virginia’s first large-scale industrial hemp processing and CBD oil extraction facility, according to the governor. It’s really going to do so much to support our farmers,” said Virginia Secretary of Agriculture and Forestry Bettina Ring. The extraction plant will work directly with farmers who grow hemp to produce CBD oil and other products, sold both domestically and internationally.
The coronavirus pandemic will intensify competition for white-collar jobs, says Singapore minister
SINGAPORE — Competition for white-collar jobs will become more intense after the coronavirus pandemic showed that a lot of work can be done over the internet, Singapore's Minister for Trade and Industry Chan Chun Sing said on Thursday. "But increasingly, I think the world is realizing that competition is even tougher for the white-collar jobs that can be done over the internet," he said. "The jobs that can be done over the internet can be done anywhere in the world and because of this, white-collar jobs will no longer have the geographical insulation it used to have." That led Singapore's economy to shrink by a record 13.2% in the second quarter this year compared to a year ago. The jobs that can be done over the internet can be done anywhere in the world and because of this, white-collar jobs will no longer have the geographical insulation it used to have.cnbc.com
Virginia unemployment agency getting outside PR help
A Virginia state agency that has faced criticism for its handling of an unprecedented flood of claims for unemployment benefits has hired a well-connected lobbying and communications firm to help with public relations, according to a purchase order. Dozens of Democratic Virginia lawmakers called for reforms at the agency last week, saying in a letter that they were worried about its ability to "adequately address" the high volume of claims sparked by the COVID-19 crisis. Republican state lawmakers and Democratic U.S. Rep. A. Donald McEachin have also separately raised concerns. The legislators say their offices have been flooded with calls and emails from constituents having trouble accessing unemployment benefits or reaching anyone at the commission for help. A persistent complaint from laid-off workers has been with getting in touch with the commission by phone.
S&P 500 and Nasdaq eke out fresh record closing highs
The S&P 500 and Nasdaq Composite rose marginally on Tuesday eking out fresh record closing highs as investors digested testimony from the top U.S. central banking official and assessed the potential economic impact of the coronavirus. During the Q&A portion of his testimony, Powell noted it is "too early to say" how the coronavirus will ultimately impact the U.S. economy. "The coronavirus clearly presents a risk to the global economy," said Danielle DiMartino Booth, CEO of Quill Intelligence. Investors have been grappling with fears that of the coronavirus denting global economic growth. Both the S&P 500 and Nasdaq Composite closed at fresh highs on Monday, while the Dow jumped more than 170 points.cnbc.com
Stock market live updates: Dow down 300, coronavirus names fall, Uber best day ever
Franck2:08 pm: Dow drops 300 points to session lowThe Dow slid 300 points in afternoon trading to its session low, as sharp declines in Dow Inc and Caterpillar put pressure on the 30-stock index. Shares of Uber jumped more than 9% on Friday, putting the stock on pace for its best day ever. The jobs report is essentially out of the markets' mind now. Melloy8:33 am: US added 225,000 jobs in January, versus 158,000 expectedStock futures pared losses after the blowout January jobs report. Li8:07 am: Jobs report approachesThe Labor Department's report on nonfarm payrolls for January will set the tone for Friday.cnbc.com
These are the jobs with the fastest-growing wagesand online shopping is giving them a boost
Jobs tied to the holiday shopping season are seeing some of the fastest-growing wages in the country, according to Glassdoor's latest job market report. Warehouse associates saw a 6.3% boost in pay year over year in September, and those workers earned a median of $42,864. The career site analyzed wages for workers in September 2019 compared to September 2018 for the report. Retail key holders are generally in charge of opening and closing the store, as well as overseeing operations when a manager isn't present. The increased pay for these jobs reflects not only seasonal consumer trends, but also the changing nature of retail as a whole.cnbc.com
Steve Jobs: 'Technology is nothing'here's what he said it really takes to achieve great success
It's been eight years since Steve Jobs passed away on Oct. 5, 2011, but his lessons about life, work and success still live on today. He taught them to focusAfter his return to Apple, Jobs would take his top employees on annual retreats. "Deciding what not to do is as important as deciding what to do," Jobs told Isaacson. According to Isaacson, Jobs believed in the power of in-person conversations and always preferred face-to-face meetings. "There's a temptation in our networked age to think that ideas can be developed by email and iChat," he told Isaacson.cnbc.com
Bill Gates says Steve Jobs was a master at 'casting spells' to keep Apple from dying
Steve Jobs was a master at "casting spells" to keep Apple employees motivated and working long hours, said Bill Gates, the billionaire co-founder of technology giant Microsoft. "I was like a minor wizard because he would be casting spells, and I would see people mesmerized, but because I'm a minor wizard, the spells don't work on me," said Gates, the world's second-richest person. Despite that, Jobs, the former Apple CEO who died of pancreatic cancer in 2011, was an example of "don't do this at home" in his style of leadership, Gates said. Jobs was a singular case, Gates said, where Apple was on a path to die and goes on to become the most valuable company in the world. Since Jobs' passing, leadership of the company has gone to current CEO Tim Cook.cnbc.com
February sees 295,000 jobs added as unemployment rate falls
February sees 295,000 jobs added as unemployment rate falls The latest job report shows the unemployment rate fell to 5.5 percent nationwide. CBS News' contributor and analyst Mellody Hobson joins "CBS This Morning: Saturday" to tell us more about what this means for the economy.cbsnews.com
MoneyWatch: Jobs report due Friday; Google to sell car insurance
MoneyWatch: Jobs report due Friday; Google to sell car insurance The November jobs report will be released Friday, and analysts expect another strong month. Also, Google is reportedly working on a comparison shopping site for car insurance. Jill Wagner reports on the day's top MoneyWatch headlines.cbsnews.com
Jobs return, but long-term unemployed still left behind
Jobs return, but long-term unemployed still left behind While hiring has rebounded, it's still a challenge for people who have been out of work a year or more to get jobs, says Geoffrey Hoffmann, chief executive at search firm DHR International.cbsnews.com
New Google initiative looks to close the tech world's gender gap
New Google initiative looks to close the tech world's gender gap Jobs in computer science are multiplying fast, with the Labor Department predicting more than 4-million positions by the year 2020. But so far, it's mostly a man's world. Google is launching a new campaign to help close the gender gap. CBS News' Alexis Christoforous reports.cbsnews.com