April 25, 2024

Economix Blog: Video: Private Sector Gets Job Skills; Public Gets Bill

When companies are deciding where to build new facilities or whether to expand in places where they already have factories or offices, states compete to shower them with incentives like tax breaks and help buying land. Increasingly, companies have come to expect that state and local governments will pay for job training, too.

For Sunday’s paper, I wrote about a $1 million customized training program that North Carolina designed for the benefit of Caterpillar, Inc., the global industrial equipment maker. The company opened a new plant in Winston-Salem in November, and the state is paying to train nearly 400 workers who will make axles for mining trucks.

North Carolina is also spending about $1.5 million to train workers for a new Honda Aircraft plant in Greensboro. About 163 workers went through training at Guilford Technical Community College in various areas including jet assembly and electrical system installation in the hopes of securing a job. Because Honda delayed the opening of its production lines, some of those workers, like Kent McDaniel, featured in this report from the video journalists at Purple States, decided to seek work elsewhere. Others, like Linda Merritt, stuck it out and are now working at Honda.

Article source: http://feeds.nytimes.com/click.phdo?i=d044acc381cb2498ac7f8be72792fbc3

Economix: Help Wanted Ads Bode Ill for Jobs

If the debt deal passes on Monday in time to avert a federal default, all eyes will turn to the July jobs report coming Friday from the Labor Department. The last report, as you remember, was dismal: employers added just 18,000 net nonfarm payroll jobs in June.

Signals are not looking good. A key survey of manufacturers showed that employment in July grew at a slower rate than in June. And the Conference Board, a business group, released a survey showing that vacancies advertised in Internet job listings fell by 217,000 in July, leaving 3.22 job seekers per opening. Another way of putting that: there are 9.7 million more people out of work than there are advertised openings.

Source: Conference Board

On the bright side, a few large states showed growth in online job listings, including Minnesota, North Carolina, Ohio and Washington. In one state — North Dakota — vacancies actually exceeded the number of unemployed people. That’s not a surprise, though. Oil has kept that state booming while the rest of the country has suffered.

But listings fell in California and New York. In another worrying sign, openings for health care providers and technicians, one of the few categories that has had consistent growth throughout the recession and technical recovery, slipped by 61,200. And ads for home health care aides fell by 11,900.

Online listings increased in construction and food service. But construction was so hard hit by the housing downturn that there are still 17 unemployed workers for every opening. And in food service, there are seven job seekers for each opening.

Article source: http://feeds.nytimes.com/click.phdo?i=419b8afcf93534a1a619ef057032d1dd