Phantom jobs color the economy says Sindlinger
AP interview with business analyst Albert Sindlinger warning about phantom jobs and biased labor statistics. He claims 4.3 million jobs cited over 19 months include 2.5 million non existent positions, producing $75 billion in GDP wages while masking real unemployment near 10 percent. He criticizes Bureau of Labor Statistics bias amid corporate restructuring.
MENTIONED IN THIS ARTICLE
Albert Sindlinger
Sindlinger
Clinton
Bureau of Labor Statistics
July inventories rose 0.3 percent in 1994 data
Commerce Department reports July inventories up 0.3 percent to $891.5 billion, the fourth small gain in a row after May’s 1.2 percent surge and June’s 0.4 percent rise. July sales slipped 0.8 percent to $627.7 billion, keeping the inventory to sales ratio at 1.42.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
EDUCOM Credit Union Formed From Telco and Lawrence Educators
Telco Credit Union and Lawrence Educators Credit Union merge to create EDUCOM Credit Union effective October 1. The union relocates to 3320 Mesa Way Suite A with new hours 9 to 6 Monday Wednesday and 9 to 3 Tuesday Thursday Friday. An open house runs 3 to 6 p.m. October 20. Gin ger Wehner will remain EDUCOM manager, noting extended hours and added services improve capital and liquidity.
MENTIONED IN THIS ARTICLE
Telco Credit Union
Lawrence Educators Credit Union
Educom Credit Union
Mesa Way
Suite A
Ginger Wehner
Educom
Decor firms merge to form Midwest Cabinet Co Inc
Ottawa based Midwest Cabinet Co Inc will merge Ottawa unit Midwest Cabi net Co and Rome Manufactur ing as two of the Midwest's largest commercial interior decor manufacturers. A new production facility in Ottawa will house combined design and manufacturing operations, said Edward G. Bessette, president and general manager.
MENTIONED IN THIS ARTICLE
Midwest Cabinet Co
Rome Manufacturing
Midwest
Midwest Cabinet Co. Inc
Ottawa
Edward G. Bessette
Market Wrapup Preview for Saturday Journal-World
Local readers are urged to watch for the complete market wrapup in Saturday’s Journal-World. The feature will summarize stock moves, commodities, and related finance news with insights for shoppers and investors.
MENTIONED IN THIS ARTICLE
Journal-World
Beech Aircraft to Cut 500 Jobs in Kansas amid Merger
Beech Aircraft will lay off 450 workers in Wichita and about 40 in Salina as winter layoffs begin, part of a merger with Raytheon Corporate Jets. The combined Raytheon Aircraft Co. projects annual sales of 1.7 billion dollars, with about the same number of jobs expected to return in coming years.
MENTIONED IN THIS ARTICLE
Beech Aircraft
Kansas
Beech
Wichita
Salina
Elizabeth Allen
Raytheon
Lexington
Mass
AT&T urges telecommuting. not a holiday
AT&T asks workers to stay home September 20 to show commitment to telecommuting using phone or computer links. Link Resources reports 8.8 million U S employers telecommute, up from 7.6 million last year.
MENTIONED IN THIS ARTICLE
At&t
Link Resources
Jobless claims dip to three week low in Sept
The Labor Department reported 327,000 first time unemployment claims for the week ending Sept 10, down 3,000 from the prior week. The four week moving average rose slightly to 328,250, the highest since Aug 6, with claims adjusted for seasonal variation and seen as a labor market signal.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Market quotes and cattle sales update across midwest regions
Morning market snapshot covers Midland Elevator grain prices for wheat corn milo and soybeans. Omaha and St Joseph note hogs cattle and sheep quotations with barrows gilts and sows down or steady and slaughter totals. Metal prices from New York and London exchanges listed, plus Kansas City feedlot sales activity and week-to-date totals for cattle and steers and heifers with weights and prices. rates from Commerce Bank of Kansas City.
MENTIONED IN THIS ARTICLE
Midland
Omaha, Neb
USDA
Omaha
U.S
St. Joseph
Dopee City
Kansas
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Marx Brothers
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