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Fed’s Fifth District economy grows modestly
Economic activity in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew modestly from early September, according to the latest edition of the Fed‘s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered [...]
As dockworkers strike continues, experts weigh potential supply chain impacts
The situation remains at a stalemate following the first day of a historic strike by the International Longshoremen’s Association (ILA) at ports from Maine to Texas. Thousands of ILA members joined the picket line as a midnight deadline passed Monday evening — with no deal reached between ILA and the United States Maritime Alliance (USMX), […]
U.S. port strike starts; Port of Va. stops cargo operations
Oct. 3 update: Strike is suspended About 45,000 International Longshoremen’s Association (ILA) workers walked off the job midnight Tuesday at the Port of Virginia and every other major port along the East and Gulf coasts, launching the ILA’s first U.S. port strike in 47 years. Dockworkers hit the picket lines after the union reached an […]
Riding the silver tsunami
As a registered nurse unit coordinator and charge nurse at Sentara CarePlex Hospital in Hampton, Andrea Samuel spends her days communicating with doctors and nurses in addition to administering direct bedside care. A Miami native, Samuel entered nursing school at age 19 and has worked for Sentara since 1991. She celebrated her 78th birthday in […]
Out of balance
Kate Austin had a job waiting for her when she graduated last year from Christopher Newport University with a bachelor’s degree in business administration. “I love it,” she says about her work as a tax associate at Keiter, a certified public accounting firm in Henrico County. Unlike two of her friends, who are still looking […]
Eastern Shore poultry plants under child labor probe
The U.S. Department of Labor is investigating allegations of child labor violations at the Tyson Foods and Perdue Farms poultry plants in Accomack County, after The New York Times recounted the story of a 14-year-old Guatemalan boy who was gravely injured while cleaning a Perdue slaughterhouse. Marcos Cux, whose arm was permanently crippled in a […]
Fed Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathere[...]
At max capacity
Supply chain and logistics executives used to joke that no one knew or understood what their jobs were — that is, until the COVID-19 pandemic upended how goods were transported to warehouses and ultimately to customers. “Until you start to look behind the scenes, you don’t know how all of this gets to your door […]
Falling short
In the accounting field, the books are out of balance. Demand for the profession’s services is rising, which is one for the assets column, but on the debit side of the ledger, the number of people willing and able to provide those services is dropping so alarmingly that some firms are being forced to turn […]
Va. labor market stayed strong in February
Virginia’s labor market remained strong in February, although growth is slowing, according to employment data from the Federal Reserve Bank of Richmond. Virginia had a net gain of 3,200 jobs in February. The Virginia state government employment was previously 12,000 jobs below the February 2020 level, but the state government nearly halved that deficit last […]
Va. nursing homes, assisted living facilities struggle with staffing
Virginia’s nursing homes and assisted living facilities continue to struggle with staffing shortages, according to a Virginia Health Care Association-Virginia Center for Assisted Living survey released in December. Of 154 long-term care providers who responded to the survey, 86% said their workforce situation worsened in 2022 compared with 2020, an increase of five percentage points [&hellip[...]
Barkin: To address inflation, U.S. must rethink labor
As the U.S. moves to a short-labor environment, it will be necessary for businesses, governments and nonprofits to reassess their approach to labor, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Friday in Richmond. Speaking at the Virginia Chamber’s 2022 Virginia Economic Summit and Forum on International Trade, Barkin said that although […]
