Jobs and the Economy
More on Jobs and the Economy
Feb 17, 2017 In The News
Trump will be in South Carolina today to visit Boeing's production facility and to deliver remarks at the unveiling of the company's new 787 Dreamliner aircraft. He'll also meet with Boeing CEO Dennis Muilenburg, who might take the opportunity to make a pitch for Trump to get the U.S. Export-Import Bank running at full capacity by filling a number of vacancies on the board.
Jan 4, 2017 In The News
The Export-Import Bank said Wednesday that it authorized just $5 billion in loan guarantees and credit insurance in its latest fiscal year, a 40-year low for the agency. It blamed the decline on Congress. The bank's latest report left one of the Senate architects of those actions unmoved. Sen. Richard C. Shelby, the outgoing chairman of the Senate Banking Committee who held up nominations to the Ex-Im Bank board, preventing it from doing large financing deals, noted that he wanted the bank abolished.
Dec 12, 2016 In The News
Boeing is expected to lower production, and likely staffing levels, as demand for its 777 jets are lower than predicted. “It’s no surprise whatsoever,” said Scott Hamilton with Leeham Company, an aviation consulting firm based in Issaquah. “This has been long predicted by Wall Street analysts and myself,” he said.
Dec 1, 2016 In The News
As President-elect Donald Trump touts a deal to save Carrier factory work Thursday, a bill passed by the GOP-led House could undermine his campaign promise to create new American jobs. The Republican-controlled House voted 243-174 last month to effectively block the Treasury secretary from authorizing the sale of about 80 Boeing commercial jetliners to Iran Air, the state-owned airline.
Nov 17, 2016 In The News
The United States House of Representatives voted in favor of tanking a Boeing contract that could have serious international consequences — violating the Iran deal. “It will hurt our economy and make us less safe,” said Congressman Denny Heck. “And I fear that this is a preview of what will come in winter and spring if this trend continues.”
Oct 29, 2016 In The News
Job by job, Pierce County is growing. The Economic Development Board for Tacoma-Pierce County has released its 2016 major employers list. This year, 215 companies made the cut of those that hire 100 or more full-time-equivalent workers. In 2014, the last time the EDB compiled the information, 203 companies made the list.
Sep 22, 2016 In The News
The latest quarterly revenue forecast for state government had good news for state budget writers and legislators next year. Collections of revenue since June have exceeded expectations by $336 million for the budget cycle ending in June 2017. Another $125 million or more is expected above the previous forecast for the 2017-19 biennium. That brings the total of newly expected funds to the neighborhood of a half-billion dollars for both budget periods. Taxes from real estate sales are a part of the increase. All that is good, and better than the opposite — a decrease.
The U.S. Department of Labor announced the final certification of the petition for Trade Adjustment Assistance following the closing of the Olympic Panel Products plant in Shelton. Workers laid off at Olympic Panel Products or Simpson Sawmill in July and August of 2016 can now apply for individual benefits for two years.
Jun 22, 2016 In The News
Federal Reserve Chairman Janet Yellen on Wednesday said she agreed with the “basic thrust” of a congressman’s comments who told her it was too soon to take her “foot off the pedal” of stimulus designed to help improve the labor market. During her testimony to the House Financial Services panel, Rep. Denny Heck, a Democrat from Washington, told the Fed chief: “I cannot shake the feeling it is way too premature to put out the mission accomplished banner on the aircraft carrier,” even though car and homes sales are strong, and the unemployment rate has fallen to 4.7%. The mission-accomplished banner is a reference to President George W. Bush’s infamous 2003 speech declaring victory in Iraq.
May 24, 2016 In The News
Four House champions of the Export-Import Bank on Monday called on Senate Banking Committee Chairman Richard Shelby to move pending Ex-Im board nominee Mark McWatters.