Tag: American Jobs

Oil Industry Report Warns of Massive Job Losses from Biden’s Anti-Drilling Agenda

Minnesota Sun Staff

The Biden administration’s failure to pursue a plan for offshore oil and gas leasing will have long-term impacts on American jobs, gross domestic product (GDP) and energy security, an industry report found.

American oil production would decline by roughly 500,000 barrels per day and at least 57,000 energy industry jobs would be lost if the administration declined to issue a five-year leasing plan by July, according to a report published Tuesday by the American Petroleum Institute (API) and National Ocean Industries Association (NOIA). U.S. GDP would decline $5 billion per year under the projection, the study further showed.

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Commentary: Shifting Natural Gas and Oil Jobs to the Renewables Sector Isn’t So Simple

RealClearWire

Within hours of taking office on January 20, 2021, President Joe Biden signed an executive order cancelling the cross-border permit for the Keystone XL pipeline as part of a plan to phase out natural gas and oil, eliminating thousands of family-sustaining jobs. At the same time, the Biden administration promised plenty of “good-paying” positions would be available in the renewable energy sector.

But the reality is that natural gas and oil jobs don’t easily transfer to the renewables sector, as a new analysis by Cicero, in coordination with North America’s Building Trades Unions (NABTU) and American Petroleum Institute (API), shows.

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Jobs Report Beats Expectations Despite Surging Omicron Cases

Minnesota Sun Staff

The U.S. economy recorded an increase of 467,000 jobs in January while unemployment increased to 4.0%, the U.S. Bureau of Labor Statistics (BLS) announced Friday.

Total non-farm payroll employment increased to 467,00 in January, according to the BLS, and the number of unemployed Americans increased to 6.5 million. Economists surveyed by The Wall Street Journal projected the economy to have added 150,000 jobs in January and unemployment to have fallen to 3.9%.

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Far More Available Jobs Than Workers as Millions Resign

The Center Square

There are 10.4 million job openings in the U.S., the Department of Labor said Friday, a figure that’s well above the number of unemployed Americans.

“Job openings increased in health care and social assistance (+141,000); state and local government, excluding education (+114,000); wholesale trade (+51,000); and information (+51,000),” the Bureau of Labor Statistics said. “Job openings decreased in state and local government education (-114,000); other services (-104,000); real estate and rental and leasing (-65,000); and educational services (-45,000).”

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Coronavirus Is Fading as the Top Issue on Americans’ Minds, Polls Show

Minnesota Sun Staff

COVID-19 is taking a back seat when it comes to the economy, education and more, recent polls show.

In a new Reuters/Ipsos poll, only about 12% of American adults surveyed said they would list public health issues, which include COVID-19, as a top priority, below economic issues like the job market and inflation. The poll also showed 73% of respondents saying political leaders should focus on growing jobs and the economy and two-thirds of voters, including a majority of both Republicans and Democrats, agreeing that “inflation is a very big concern for me.”

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Biden Bashed for Action That Could Ban Minnesota Mining Project

The Center Square

President Joe Biden’s administration wants to lead an electric vehicle (EV) revolution, but apparently doesn’t want domestic production of rare earth minerals vital to EVs.

The Biden administration announced a two-year study on a proposed Twin Metals copper-nickel mine in northeast Minnesota that could delay it for 20 years and stop one of the few planned copper-nickel mines in the nation while the U.S attempts to pivot to EVs from gasoline-powered internal combustion vehicles.

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Economic Recovery Slows, U.S. Adds Just 245,000 Jobs in November

Minnesota Sun Staff

The U.S. economy added 245,000 jobs in November, far below economists’ expectations, while unemployment fell to 6.7%, according to Department of Labor data released Friday.

Total non-farm payroll employment rose by 245,000 in November, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 400,000 to 10.7 million. The U.S. added 638,000 jobs in October while the unemployment rate dropped to 6.9%.

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One of Biden's First Admin Hires Helped Push Through China Trade Bill That Caused 'Sharp Drop' in U.S. Jobs

Minnesota Sun Staff

One of the first officials President-elect Joe Biden picked to serve in his White House helped spearhead efforts two decades ago to normalize trade relations with China, a move which studies have found led to the loss of millions of manufacturing jobs in the U.S.
Steve Ricchetti will serve as counselor to Biden, the transition team announced on Tuesday. Ricchetti was chief of staff to then-Vice President Biden during the Obama administration, and was deputy chief of staff to President Bill Clinton.

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Automation, Artificial Intelligence May Replace Chefs, Truck Drivers

Minnesota Sun Staff

Robots aren’t replacing everyone, but a quarter of U.S. jobs will be severely disrupted as artificial intelligence accelerates the automation of existing work, according to a new Brookings Institution report. The report, published Thursday, says roughly 36 million Americans hold jobs with “high exposure” to automation — meaning at least…

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