Residents of Wichita, Kansas, are outraged after Boeing announced Wednesday that it will close a massive defense plant there. More than 2,000 highly skilled jobs will be gone by the end of next year. The announcement sparked considerable frustration among elected officials who had been lead to believe that more Boeing jobs were on the way to Wichita.
There is a natural gas drilling boom going on in Youngstown, Ohio. But a series of earthquakes there has renewed focus on activities like drilling and mining that are known to cause earthquakes. Now people in the area are weighing safety over economic growth.
The ADP National Employment Report signals that the jobless rate likely fell further last month. Meanwhile, the number of claims for unemployment insurance dipped again last week and employers have fewer layoffs planned in coming weeks.
The Boeing Corp. says it will shut down the company's Wichita facility, which specializes in maintaining and modifying its commercial planes for military or government use. The plant, which has 2,160 employees, is slated to close by the end of 2013.
The cost of budget-friendly foods like ground beef, potatoes, and eggs soared 10 percent over the past year, pinching household budgets even harder. Blame bad weather, export competition, and the fact that more people are cooking at home to save money. This year may be a bit better, but not much.
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