10 States With Ridiculously Low Unemployment
Every U.S. state experienced job losses during the recent downturn, but thanks to the right mix of industries, natural resources, and skilled workers, some states have a far lower unemployment rate than the 9.5% national average.
Want to crack the jobs problem? Let’s start by studying these sources of American strength…
Iowa — Outperforming with a diverse economy plus agriculture
(Unemployment Rate: 6.8%)
Minnesota — A state with manufacturing, raw materials, and high education
(Unemployment Rate: 6.8%)
Wyoming — Riding commodities, tourism, and perhaps its tax policies. Doing well despite low levels of education. (Unemployment Rate: 6.7%)
Kansas — Powered by agriculture, energy, and aerospace
(Unemployment Rate: 6.5%)
Hawaii — A tourism magnet with a large population of affluent Americans
(Unemployment Rate: 6.3%)
Vermont — Driven by agriculture and industries utilizing the state’s highly educated population
(Unemployment Rate: 6.0%)
New Hampshire — Powered by agriculture, tourism, manufacturing, and a highly educated population
(Unemployment Rate: 5.8%)
Nebraska — An agricultural and transport hub, with some diversity as well
(Unemployment Rate: 4.7%)
South Dakota — Gets a big boost from government, but also has services and agriculture
(Unemployment Rate: 4.4%)
North Dakota — Powered by agriculture and commodities
(Unemployment Rate: 3.6%)
source: businessinsider
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In: Job Search Advice · Tagged with: Aerospace, Affluent Americans, Agriculture Energy, Agriculture Tourism, American Strength, Commodities, Diversity, Downturn, High Education, Job Losses, Magnet, Natural Resources, North Dakota, Raw Materials, Salary Information, Skilled Workers, South Dakota, Tax Policies, Transport Hub, Unemployment Rate
GM’S GIRSKY PAID $1.4M IN ATTEMPT TO SAVE SATURN
By Mark Kleis
According to recently revealed documents as a result of General Motors’ IPO filing with the SEC, it has been confirmed that Stephen Girsky was compensated $1.4 million for consulting work aimed at saving the Saturn brand.
Prior to joining GM as a member of the adviser board, analyst Stephen Girsky was approached by the automaker in early 2009 in order to provide insight into the potential options to save Saturn, according to Automotive News. Before Girksy joined on full-time in July of 2009, a deal was placed into the bankruptcy proceedings which required the surviving GM to pay Girsky a $1 million fee.
In addition to the $1 million fee outlined in the bankruptcy proceedings, Girsky brought home a $400,000 advisory fee, as well as $50,000 in reimbursement compensation from the “Old GM.”
Girsky continues to be paid well by The General
Despite Saturn being killed off after a failed deal with Penske Automotive, Girsky continues to do very well with GM. As an adviser, the board member receives an annual base salary of $500,000 in cash, in addition to the remaining 90 percent of which compensation – $3 million in stock – which will be paid between 2011 and 2014.
Girsky’s final compensation will come in the form of $1.5 million of “TARP compliant” stock.
source: leftlanenews
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In: Business Stories · Tagged with: 1 Million, 4m, 5 Million, Adviser, Automaker, Automotive News, Bankruptcy Proceedings, Base Salary, Board Member, Full Time, General Motors, Gm, Insight, Ipo Filing, Kleis, Options, Salary Information, Saturn, Stephen Girsky, Stock
The Layoff Kings: The 25 Companies Responsible for 700,000 Lost Jobs
Between December 2007 (when the recession officially began) and last month, more than 8 million Americans have lost their jobs, according to the government. Of those job losses, 700,000 stem from layoffs at just 25 companies, according to 24/7 Wall Street’s analysis of data from employment consulting firm Challenger, Gray & Christmas. Here is the list:
1. General Motors
Number of jobs cut since recession began: 107,357
2. Citigroup
Number of jobs cut since recession began: 73,056
3. Hewlett-Packard
Number of jobs cut since recession began: 47,540
4. Circuit City Stores
Number of jobs cut since recession began: 41,495
5. Merrill Lynch
Number of jobs cut since recession began: 40,650
6. Verizon Wireless
Number of jobs cut since recession began: 39,000
7. Pfizer
Number of jobs cut since recession began: 31,771
8. Merck & Co.
Number of jobs cut since recession began: 24,400
9. Lehman Brothers
Number of jobs cut since recession began: 23,340
10. Caterpillar
Number of jobs cut since recession began: 23,024
11. JPMorgan Chase
Number of jobs cut since recession began: 22,852
12. Starbucks
Number of jobs cut since recession began: 21,316
13. AT&T
Number of jobs cut since recession began: 18,401
Number of jobs cut since recession began: 17,655
15. Dow Chemical
Number of jobs cut since recession began: 17,530
16. DuPont
Number of jobs cut since recession began: 17,000
17. Berkshire Hathaway
Number of jobs cut since recession began: 16,900
18. Ford Motor
Number of jobs cut since recession began: 15,912
19. KB Toys
Number of jobs cut since recession began: 15,100
20. United States Postal Service
Number of jobs cut since recession began: 15,000
21. DHL Express USA
Number of jobs cut since recession began: 14,900
22. Sprint Nextel
Number of jobs cut since recession began: 14,500
23. Sun Microsystems
Number of jobs cut since recession began: 14,000
24. Boeing
Number of jobs cut since recession began: 13,715
25. Chrysler
Number of jobs cut since recession began: 13,672
source: dailyfinance
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In: Business Stories · Tagged with: Alcoa, Berkshire Hathaway, Circuit City, Circuit City Stores, Dhl Express, Dow Chemical, Employment Consulting, Ford Motor, Job Layoffs, Jpmorgan Chase, Kb Toys, Lehman Brothers, Merrill Lynch, Recession, Sprint Nextel, States Postal Service, Sun Microsystems, United States Postal Service, Usa Number, Verizon Wireless
