Indiana Scores High for Trade Worker Locales insideindianabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideindianabusiness.com Daily Mail and Mail on Sunday newspapers.
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by: Wes Mills, Inside INdiana Business
Posted:
Jan 8, 2021 / 02:44 PM EST
INDIANAPOLIS (Inside INdiana Business) Indiana is home to several communities that rank high nationally when it comes to attractive places for skilled trade workers. Home improvement website Porch.com analyzed cities across the U.S. to gauge median wages, housing and cost of living.
The publication says the country is facing a shortage of skilled trade laborers, due in part to an increasing number of retiring Baby Boomers.
Researchers at Porch analyzed data from several government sources, including the Bureau of Labor Statistics, the U.S. Census Bureau, and the Bureau of Economic Analysis to create composite scores.
By Tim Henderson
Stateline.org/TNS
Even as average personal incomes rose during the pandemic largely because of government aid, millions of people who didn’t receive such help have fallen into poverty, struggling to pay for food and other basic expenses.
That group, trying to get by with the help of local charities, may have been excluded from the federal payments because of immigration status, lack of time in the labor force needed to claim unemployment benefits, or just red tape in states that have been slow to pay jobless claims.
The situation in the Houston area is particularly desperate, with almost half of residents struggling to pay basic expenses in the week ending Dec. 7, according to a Census Bureau survey. That share has grown 10 points since October to 48.4 percent, the highest of the 15 metro areas included. In Miami and Riverside, Ca., more than 45 percent of people said they had trouble paying for routine expenses such as food, rent and car payments.
December 2020 Job Cuts Jump
from Challenger Gray and Christmas
Planned job cuts announced by U.S.-based companies jumped to 77,030 in December, up 18.9% from the 64,797 in November.
December s total is 134.5% higher than the 32,843 cuts announced in the final month of last year. In 2020, 2,304,755 job cuts were announced, 289% higher than the 592,556 cuts announced in 2019. It is the highest annual total on record, and 17.8% higher than the previous record high of 1,956,876 cuts recorded in 2001.
Despite the jump in monthly cuts, the fourth quarter saw the fewest job cuts of the year, with 222,493, down 55.3% from the 497,215 tracked in Q3 2020. It is 74.2% higher than the same quarter in 2019, when 127,687 cuts were recorded. With the exception of the quarterly totals in 2020, it is the highest quarterly total since Q3 2011, when 233,258 job cuts were announced.
freshidea/Adobe Stock
This morning in metals news: the Census Bureau and Bureau of Economic Analysis reported the U.S. goods and services deficit totaled $68.1 billion in November; the Brazilian state of Minas Gerais is hoping to win a compensation deal from miner
Vale; and the American Iron and Steel Institute released steel import data for December.
MetalMiner should-cost models: Give your organization levers to pull for more price transparency, from service centers, producers and part suppliers. Explore the models now.
Goods and services deficit reaches $68.1B
The U.S. goods and services deficit reached $68.1 billion in November, the Census Bureau and BEA reported.