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In other places, it is a different story. Last year auto parts supplier Lear Corp held a job fair in Flint, Michigan, to recruit 400 workers for a new factory set to open in April. Some 3,000 people showed up. “We were totally blown away,” said Lear CEO Ray Scott. In October, there were 7.1 million job openings nationwide, about 1 million more than the number of unemployed workers. The spread was widest in the Midwest, where there were 463,000 more openings than jobless workers, and in the South, where the spread was 317,000. The spread was 77,000 in the West and 51,000 in the Northeast.
All four regions have all had a surplus of job openings only since July, Industry-specific data on openings is not available by region, but the recent surge in the South likely derives from sectors doing well there, like retail and construction, said Sweet, Strong demand for U.S, factory goods in 2017 likely helped drive job creation in the Midwest, although a global economic slowdown and the China-U.S, trade dispute could hit that region’s factories this year, dampening openings, cufflinks depot review Fed policymakers say they are nearing the end of a long campaign of gradual interest rate hikes designed to keep the economy from overheating..
Policymakers do not know how much the slowing global economy will undercut a strong U.S. labor market. The jobless rate has trended lower for nearly a decade and while Friday’s data showed it ticking higher due to growth in the labor force, it remained near a 49-year low at 3.9 percent. U.S. central bankers worry a tight labor market will eventually lead to higher inflation. With wage gains still tepid and inflation under the Fed’s 2 percent target, the job openings data could add heft to anecdotes detailing labor shortages collected by the Fed in recent months as part of its Beige Book report.
FRANKFURT (Reuters) - German carmaker BMW (BMWG.DE) on Tuesday said it achieved record sales of 2.49 million BMW, Mini cufflinks depot review and Rolls-Royce vehicles last year, “BMW Group achieved record sales in 2018, 2.49 million vehicles mean the BMW Group is the world’s leading premium automotive company for the 15th year running,” Chief Executive Harald Krueger said, Daimler has not yet released annual sales figures for Mercedes-Benz passenger cars, so it remains unclear whether BMW brand overtook Mercedes-Benz in terms of sales in 2018..
BEIJING/SHANGHAI (Reuters) - China’s indebted HNA Group met bankers on Tuesday to tout the latest assets that the sprawling conglomerate is putting on the block as it looks to raise funds and stave off an intensifying cash crunch. The range of assets, spanning a hotel project in frozen Harbin and stakes in struggling online lender Dianrong, insurer Bohai Life and brokerage HNA Futures, underscores how the group is shedding almost all non-core businesses as it pares back an empire that once spread from Deutsche Bank to Hilton Worldwide.
The finance-to-aviation group [HNAIRC.UL] has been ramping up asset sales over the past year, However the possible sale of many on the list of at least 20 assets presented to bankers and seen by Reuters has not been previously reported, HNA did not respond to requests for comment, cufflinks depot review The embattled group is more than a year into the process of unwinding a $50 billion acquisition spree that at its peak netted the company stakes in banks, fund managers, hotels, property and airlines, among other assets..
But faced with soaring debt and increased government scrutiny of aggressive deal-making, HNA has pushed ahead with asset sales that have so far included real estate and stakes in hotels groups, and discussions on key overseas units such as Ingram Micro and its luxury $300 million-plus corporate “Dream Jet”. Reuters reported last month, citing people familiar with the matter, that China Development Bank [CHDB.UL] was leading a team to supervise asset disposals as the group looks to scale back operations to just core assets.
The document cufflinks depot review from the meeting at a Beijing hotel on Tuesday indicated HNA was looking to sell eight hotel and other property projects, including a luxury Renaissance hotel in Shanghai and a commercial complex in the western city of Chengdu, Also on the list was a section including eight financial projects and a separate section with four stakes in leasing, insurance and banking firms, Those stakes included 20 percent of Bohai Life, 6.18 percent of peer-to-peer lender Dianrong and more than 40 percent of financial services firm Sino Guarantee, The entirety of wholly owned brokerage unit HNA Futures was also up for sale..