Ford to cut 1,400 salaried jobs in North America, Asia

DETROIT — Ford told its employees Wednesday morning that it plans to cut 10 percent of its salaried workforce worldwide, or about 1,400 employees as the automaker wrangles with falling profits and pressure to boost its stock price amid slowing U.S. industry sales. Most of the job cuts will occur in North America and Asia with… Read more

Internet-based economy boosts China’s GDP, creates jobs

Internet-based economy boosts China’s GDP, creates jobs People pass by the entrance of Wuzhen internet-enabled hospital in Jiaxing, Zhejiang province. LONG WEI / FOR CHINA DAILY Internet-enabled digital economy accounted for 30.6 percent of China’s GDP in 2016, according to the China Internet Plus and Digital Economy Index published in April. The segment has created […]

Trump Boom: Unemployment Lowest in 10 Years

The economy gave out a medium-sized roar on Friday, when the federal government announced unemployment dropped to 4.4 percent. The nation also added 211,000 jobs in April. The unemployment rate was 4.5 percent in March. “During the Obama years, growth was an abysmal 1.9 percent, which the Congressional Budget Office now says is the course we… Read more

Buy American — But Hire Abroad

President Donald Trump recently signed an executive order urging the U.S. to “buy American,” in part by encouraging the Departments of Commerce and State to prioritize American firms when they dole out often lucrative contracts. But that directive, a report released last week found, may not fulfill Trump’s second stated goal — “hire American” — because… Read more

Spending bill doubles foreign worker visas

Congress tucked a sweetheart deal for America’s vacation resorts and other seasonal employers into the massive spending bill announced Monday, paving the way for the administration to more than double the number of temporary visas to foreign workers this year and “flooding the labor force” with cheap competition for jobs. Lawmakers also agreed to make the… Read more

It’s time to harness the power of African youth

Young people can offer the much-needed human capital to speed up economic growth and foster sustainability on the continent Africa, the continent with the biggest potential for growth because of untapped opportunities, is home to 12 percent of global oil reserves (Nigeria, Algeria, Angola, Sudan and new potential sources like Kenya); 40 percent of the world’s… Read more

Australia scraps skilled migrant visa to protect jobs

Two new, shorter and closed-ended temporary visas will replace the 457 skilled migrants visa program CANBERRA, Australia – The country’s skilled migrant visa will be abolished in favor of a new “Australians first” approach, Prime Minister Malcolm Turnbull said on Tuesday. In a video posted on social media on Tuesday, Turnbull announced that the 457 skilled… Read more