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  • Isaac Lopez

Daily RedAlert - 1/4/23

Relevant Press


Job openings remain elevated in November despite Fed efforts to cool labor market - Fox Business


“The Labor Department said Wednesday that there were about 10.46 million job openings in November, down just slightly from the 10.51 million reported the previous month. Economists surveyed by Refinitiv expected openings to fall to 10 million.”


More U-Haul Trucks Left California Than Any Other State in 2022, Texas Top Destination: Study - The Epoch Times


“The study was conducted by the moving truck rental company, U-Haul, and found that Texas, Florida, and the Carolinas were the preferred destinations for one-way moving trucks in 2022, with those states ranking as the top growth states on the annual U-Haul Growth Index.”


US companies offering record-high raises to retain workers, keeping pressure on inflation - Fox Business


“Wages for employees who remained in the same job climbed 5.5% in November from the previous year, according to new data from the Federal Reserve Bank of Atlanta. That marks an increase from 3.7% in January 2022 and the highest increase since the bank began tracking wage data 25 years ago.”


Salesforce to Cut Staff by 10%, Close Some Offices - NewsMax


“The company expects the move to lead to about $1.4 billion to $2.1 billion in charges, of which about $800 million to $1 billion will be recorded in the fourth quarter of fiscal 2023.”


States Competing for High-Wage Employers With ‘Workforce Development’ Initiatives - The Epoch Times


“Pennsylvania, for instance, this week distributed $1.2 million for career and technical education centers with 33 applicants receiving money as part of a competitive grant program orchestrated by the state’s Department of Education in coordination with industry needs.”


RATE OF HOURLY WAGE GROWTH FOR US SMALL BUSINESSES FALLS TO 4.95% IN DECEMBER - Staffing Industry Analyst


“Hourly wages at US small businesses rose 4.95% year over year in December, according to the recently released Paychex | IHS Markit Small Business Employment Watch covering businesses with fewer than 50 workers. December’s growth rate was the lowest since March 2022.”


RedBalloon in the News


ICYMI: 2023 Might Be the Year to Escape the Woke Workplace - PJ Media


“RedBalloon CEO Andrew Crapuchettes keeps track of workplace trends to better serve his clients. Crapuchettes created RedBalloon to help employers in what he refers to as the ‘courageous economy.’”


Isaac Lopez on The Reckoning with Timothy Shea - 3 January 2023 - The Reckoning


The Daily RedAlert is a collection of news stories that relate to business, the economy and freedom in the workplace. Are you looking for workplace freedom? Apply for work on RedBalloon.work!

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