US hiring surge heightens chance of Fed rate hike
U S hiring jumped by 271000 in October the largest rise this year pushing unemployment to 5 percent the lowest since April 2008. The report strengthens expectations of a December rate increase with economists noting the economy has more momentum than anticipated and Fed officials calling a possible move a live option.
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Taylor Motors adds Ron Baughman as used car manager
Ron Baughman was hired as the new used car manager at Taylor Motors in Athens after a longtime career starting in 1994 at a Ford dealer in Newark. He relocated to the Athens area due to his wife’s Albany roots amid economic shifts.
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UAW Reaches Ford Deal as GM Workers Vote Yes
The United Auto Workers reached a tentative Ford contract on Friday as GM workers approved a four year deal. GM ratification was delayed for skilled trades due to electricians and pipe fitters rejecting the pact, with overall GM approval at 55.4 percent and production at 58 percent, while skilled trades voted against. The Ford agreement covers 53,000 workers at 22 U.S. plants and is expected to mirror GM terms.
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