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Labor Economy

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COLUMBUS, Ohio (AP) — Chip maker Intel said it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company's commitment to manufacturing crucial technology products in the U.S.

SACRAMENTO, Calif. (AP) — California's unemployment rate dipped a half-percentage point in December as the most populous state added 50,700 nonfarm jobs, accounting for more than a quarter of the nation’s 199,000 job growth for the month, according to new data released Friday.

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HARRISBURG, Pa. (AP) — Pennsylvania’s payrolls grew again in December as the unemployment rate fell for the 10th straight month, according to new figures Friday, but a persistent worker shortage continued to keep labor markets tight.

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NEW YORK (AP) — New York City's new mayor, Eric Adams, plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.

CRANSTON, R.I. (AP) — Rhode Island's unemployment rate dropped to 4.8% in December, down three-tenths of a percentage point from the November rate but higher than the national rate of 3.9%, the state Department of Labor and Training said Thursday.

WASHINGTON (AP) — In a self-appraisal that didn't always fit with the facts, President Joe Biden on Wednesday made the dubious assertion that he's outperformed all expectations on the pandemic in his first year and inflated his contribution to COVID-era economic growth.

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ALBANY, N.Y. (AP) — New York would boost state school aid, provide sweeping property tax relief and deliver bonuses to health care workers over the next year if lawmakers pass a $216.3 billion budget outlined by Gov. Kathy Hochul on Tuesday.

MADISON, Wis. (AP) — Wisconsin Republicans introduced a package of legislation Tuesday that would tighten eligibility for unemployment benefits and Medicaid coverage, saying the bills are designed to help alleviate what they maintain is a crippling labor shortage in the state.

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NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Friday show that after spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.

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FRANKFORT, Ky. (AP) — Kentucky's Democratic governor pitched sweeping budget proposals Thursday evening as “bold investments” to bolster the state's competitiveness, calling for more spending on economic development, social services and his plan for state-backed universal preschool.

SACRAMENTO, Calif. (AP) — After stealing the identities of death row inmates and even a sitting U.S. senator to make off with billions of dollars in fraudulent unemployment benefits during the pandemic, scammers have now moved on to impersonating doctors to dupe California officials into giving them disability checks.

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WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November, but still low by historic standards.

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy was growing at a modest pace at the end of 2021 but was still being held back by ongoing supply-chain disruptions and labor shortages.

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