Charles County Government Virtual Public Hearing

LA PLATA, Md., Jan. 9, 2021 /PRNewswire-PRWeb/ — Charles County Government has commissioned Griffin and Strong, P.C. to conduct a comprehensive Disparity Study («Study») to evaluate and make improvement recommendations- if needed- for procurement policies and practices with regard to minority and women owned firms. Public participation in the Study is critical to the accuracy of the Study findings and recommendations which will result in policy recommendations to Charles…

LA PLATA, Md., Jan. 9, 2021 /PRNewswire-PRWeb/ — Charles County Government has commissioned Griffin and Strong, P.C. to conduct a comprehensive Disparity Study («Study») to evaluate and make improvement recommendations- if needed- for procurement policies and practices with regard to minority and women owned firms. Public participation in the Study is critical to the accuracy of the Study findings and recommendations which will result in policy recommendations to Charles County.

Griffin and Strong, P.C. will host a Virtual Public Hearing on Tuesday, January 26, 2021 and on Wednesday, January 27, 2021. This online session will be an opportunity for Charles County Businesses to speak about their experiences doing business with the County. Hearing about your experiences is extremely important for this Study, and everyone is encouraged to participate.

Tuesday, January 26, 2021

12:00 pm1:00pm EST

RSVP at this link https://bit.ly/2WCkyCm

Wednesday, January 27, 2021

6:00 pm- 7:00 pm EST

RSVP at this link https://bit.ly/3pcohTp

Advanced registration is free and recommended but not required to participate.

For questions or concerns, please email Griffin and Strong, P.C. at CharlesCountyStudy@gspclaw.com. For more information, please visit our Study website at https://charlescountydisparitystudy.com/. Please note all comments may be recorded and potentially used in the study.

Media Contact

Ana Paula Duarte, Griffin and Strong, P.C., +1 (515) 333-1652, apduarte@gspclaw.com

 

SOURCE Griffin and Strong, P.C.

Fit Bodies, Inc. Brings Online Resort Location Workout Options to Silver&Fit’s Free Facebook Live and YouTube Senior Exercise Classes

SAN DIEGO, Jan. 9, 2021 /PRNewswire-PRWeb/ — Fit Bodies, Inc. announced today that it has been selected by American Specialty Health Fitness, Inc. (ASH Fitness) to provide online fitness classes at international locations to the Silver&Fit® program’s free, streaming public workouts.

«The Silver&Fit program launched its Fit at Home™ free senior workouts on Facebook Live and YouTube back in March, when gyms were first closing due to COVID-19,» said Jaynie…

SAN DIEGO, Jan. 9, 2021 /PRNewswire-PRWeb/ — Fit Bodies, Inc. announced today that it has been selected by American Specialty Health Fitness, Inc. (ASH Fitness) to provide online fitness classes at international locations to the Silver&Fit® program’s free, streaming public workouts.

«The Silver&Fit program launched its Fit at Home™ free senior workouts on Facebook Live and YouTube back in March, when gyms were first closing due to COVID-19,» said Jaynie Bjornaraa, PhD., MPH, PT, and AVP of Digital Fitness Solutions with the Silver&Fit program. «Today, with at-home restrictions still in place around the country due to the pandemic, we believe that offering our followers and members an international experience with their online workouts helps to motivate them and expand their horizons. We know that a sense of exploration can help reduce feelings of depression and isolation in older adults.»

Through the licensing arrangement with American Specialty Health Fitness, Fit Bodies, Inc. is hosting six «International Location» Silver&Fit classes a week, led by certified fitness instructors at all-inclusive resort locations across the Caribbean, Mexico, Central America, and Asia Pacific.

«Imagine taking a virtual yoga class on a warm, sunny beach in Mexico or the Dominican Republic,» added Dr. Bjornaraa. «Through our Fit Bodies, Inc. arrangement, we’re able to whisk our Facebook and YouTube followers away to a resort, park, or other exotic location where they can participate in Cardio, Yoga, Strength & Bodyweight, Flexibility & Balance, or Mixed Format types of classes.»

«Fit Bodies, Inc. has been bridging the fitness gap at luxury resorts for 30 years, so what better way to bring an international flair and gorgeous settings to Silver&Fit’s many fitness class followers,» said Suzelle Snowden, owner and CEO of Fit Bodies, Inc. «Through our agreement with ASH Fitness, we can share the beauty of resort locations to a growing senior population while helping them stay healthy and fit at home.» Snowden created Fit Bodies, Inc. and the Teaching Vacation Program over 30 years ago to offer quality programming to resort guests all over the world while they vacation at luxury resorts. To learn more about the Fit Bodies, Inc. teaching vacation program, check out a teaching vacation experience here, visit http://www.fitbodiesinc.com, and find them on Facebook, Instagram and Twitter @fitbodiesinc.

To learn more about the Silver&Fit Facebook Live and YouTube streaming free senior fitness classes visit http://www.SilverandFit.com. To participate in a free exercise class follow Silver&Fit on Facebook at http://www.facebook.com/SilverandFit or on YouTube at http://www.youtube.com/silverandfit.

About Silver&Fit’s Daily Free, Publicly Available Facebook Live and YouTube Streaming Workouts:
Beginning January 4, 2021 the Silver&Fit® program expanded its free senior workouts from four classes a day to nine, streaming for the public Monday through Saturday on Facebook Live or YouTube. These half-hour classes premiere from 8 AM PT4 PM PT six days a week. Workout replays are available any time for two weeks after they premiere. Classes include cardio, yoga, strength, flexibility, and others taught at various levels, from beginner to intermediate to advanced. All classes are taught by certified instructors with experience tailoring classes for older adults. Anyone can participate by following Silver&Fit on Facebook at http://www.facebook.com/SilverandFit or subscribing on YouTube at http://www.youtube.com/silverandfit.

About American Specialty Health Fitness, Inc. (ASH Fitness):
ASH Fitness, a subsidiary of American Specialty Health Incorporated (ASH), provides no-cost and low-cost fitness and exercise programs for Medicare beneficiaries and group retirees (through the Silver&Fit® program), and for health plan members and employer groups (through the Active&Fit®, Active&Fit DirectTM, and ExerciseRewardsTM products). ASH is one of the nation’s premier independent and privately-owned specialty health services organizations. For more information, visit http://www.ashcompanies.com or call 800-848-3555. Follow us on LinkedIn or Twitter at @ASHCompanies.

Media Contact

Denise Cox, VP Sales and Marketing, Fit Bodies, Inc., +1 6787784673, denise@fitbodiesinc.com

Twitter

 

SOURCE Fit Bodies, Inc.

Aptiv to Present at the 7th Annual Morgan Stanley Auto 2.0 Conference

DUBLIN, Jan. 8, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener, and more connected, announced that Aptiv’s Senior Vice President and Chief Technology Officer, Glen De Vos, will present at the Morgan Stanley Auto 2.0 Conference on Monday, January 11 at 1:30 p.m. EST.

DUBLIN, Jan. 8, 2021 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener, and more connected, announced that Aptiv’s Senior Vice President and Chief Technology Officer, Glen De Vos, will present at the Morgan Stanley Auto 2.0 Conference on Monday, January 11 at 1:30 p.m. EST.

A simultaneous webcast of the presentation will be available on the Aptiv Investor Relations website at ir.aptiv.com. For additional information, please contact Aptiv Investor Relations at ir@aptiv.com.

About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions enabling the future of mobility. Visit aptiv.com.

 

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SOURCE Aptiv PLC

Artists, Advocates & Thought Leaders to Convene for W.K. Kellogg Foundation’s Fifth Annual National Day of Racial Healing

BATTLE CREEK, Mich., Jan. 8, 2021 /PRNewswire/ — On Tues., Jan. 19, 2021, the W.K. Kellogg Foundation will virtually host the fifth annual National Day of Racial Healing, an afternoon of essential and timely conversations about racial healing, equity…

BATTLE CREEK, Mich., Jan. 8, 2021 /PRNewswire/ — On Tues., Jan. 19, 2021, the W.K. Kellogg Foundation will virtually host the fifth annual National Day of Racial Healing, an afternoon of essential and timely conversations about racial healing, equity and justice with leading advocates, artists and influencers.

The 100-minute (approx.) online event will feature conversations, panels and performances featuring Ta-Nehisi Coates, John Legend, Padma Lakshmi, Yara Shaidi, Storm Reid and more. The program will be led by Kellogg Foundation President and CEO La June Montgomery Tabron, and include performances by Aloe Blacc, Connie Lim (MILCK), Flor de Toloache, the Detroit Youth Choir, including an original poem by Youth Poet Laureate Amanda Gorman.

The annual program is designed to bridge divides, affirm our common humanity and inspire action. Conversations explore the truth-telling and trust-building that lead to racial healing and a more just and equitable future for all. The event will also recognize work done by grantees implementing the W.K. Kellogg Foundation’s Truth, Racial Healing & Transformation (TRHT) process in communities across the U.S.

What: A 100-minute (approx.) virtual National Day of Racial Healing event with panels, conversations, videos, music and creative performances; local virtual events are also being held across the country.

Where: To RSVP for the national event, please visit: www.dayofracialhealing.org 

When: Tues., Jan. 19, 2021 from 3:00 pm – 4:45 pm EST

Who: Hosted by the W.K. Kellogg Foundation and featuring:

  • Aloe Blacc
  • Cheryllyn Branche
  • Dominique Brown
  • Ta-Nehisi Coates
  • Rev. Dr. Kelly Brown Douglas
  • Detroit Youth Choir
  • Dr. Mónica Moreno Figueroa
  • Flor de Toloache
  • Amanda Gorman
  • María Hinojosa
  • Saru Jayaraman
  • Fr. Tim Kesicki
  • Padma Lakshmi
  • Connie Lim (MILCK)
  • Hasan Minhaj 
  • John Legend
  • Dr. Manuel Pastor
  • Rabbi Jonah Pesner
  • Storm Reid
  • Martin Sensmeier
  • Yara Shahidi
  • La June Montgomery Tabron
  • Jerry Tello
  • Baratunde Thurston
  • Lance Wheeler
  • And other youth advocates, performers and speakers

Visuals: Speakers, panelists and conversations, as well as music, dance and spoken-word poetry performances.

Visit www.dayofracialhealing.org for a complete list of events taking place around the country including Los Angeles, CA; Chicago, IL; Selma, AL; New Orleans, LA; Buffalo, NY; Baton Rouge, LA; Battle Creek, MI; Flint, MI; Kalamazoo, MI; Dallas, TX; and Richmond, VA. Join the conversation on social media via the hashtag #HowWeHeal.

About National Day of Racial Healing
The «National Day of Racial Healing» was established by the W.K. Kellogg Foundation in 2017 to promote healing as a critical path for ending racial bias and creating a society in which all children can thrive. The annual outreach grew out of W.K Kellogg Foundation’s Truth, Racial Healing & Transformation effort, a national and community-based process designed to bring transformational and sustainable change to communities, while addressing the historic and contemporary effects of racism.

About the W.K. Kellogg Foundation
The W.K. Kellogg Foundation, founded in 1930 as an independent, private foundation by breakfast cereal innovator and entrepreneur Will Keith Kellogg, is among the largest philanthropic foundations in the United States. Guided by the belief that all children should have an equal opportunity to thrive, W.K. Kellogg Foundation works with communities to create conditions for vulnerable children so they can realize their full potential in school, work and life.

The W.K. Kellogg Foundation is based in Battle Creek, Michigan, and works throughout the United States and internationally, as well as with sovereign tribes. Special attention is paid to priority places where there are high concentrations of poverty and where children face significant barriers to success.  W.K. Kellogg Foundation priority places in the U.S. are in Michigan, Mississippi, New Mexico and New Orleans; and internationally, are in Mexico and Haiti.

Contact: Aprill O. Turner or Louie Tan Vital, pd@megaphonestrategies.com 

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SOURCE W.K. Kellogg Foundation

Second Front Systems Applauds Congressional Passage of National Defense Authorization Act for the 60th Consecutive Year

ARLINGTON, Va., Jan. 8, 2021 /PRNewswire/ — Today, Second Front Systems (2F), a venture-backed defense software company, applauds Congress for passing the National Defense Authorization Act (NDAA) for the 60th year in a row.

ARLINGTON, Va., Jan. 8, 2021 /PRNewswire/ — Today, Second Front Systems (2F), a venture-backed defense software company, applauds Congress for passing the National Defense Authorization Act (NDAA) for the 60th year in a row.

«The bi-partisan commitment to NDAA is a testament to the dedication of Committee Chairmen Inhofe and Smith, Ranking Members Reed and Thornberry, and the hard work of their staffs,» said 2F Co-Founder and CEO Peter Dixon. «I would also like to thank Congressman Moulton for his leadership on the Future of Defense Task Force that we’re now seeing reflected in the priorities set by the NDAA.»

2F continues to support investments and policies that advance innovation within the Department of Defense, improve the capabilities of the modern-day warfighter, and are in the best interest of taxpayers.

«We are excited to see policies that advance and support defense innovation organizations and their efforts to connect with the venture backed community, start-up incubators, and government-focused accelerators,» added Dixon. «Providing these organizations the direction and tools necessary to tap into the best and brightest minds America has to offer is a big step in the right direction as they seek out ways to modernize the DoD.»

About Second Front Systems
Second Front Systems (2F) is a software company that equips defense and national security professionals for long-term, continuous competition for access to emerging technologies. Founded by two former Marines with firsthand experience of the dangers outdated technology poses in combat, 2F is fast-tracking government access to disruptive, commercially proven technology for national security missions. Second Front Systems is a venture-backed, public benefit corporation with a mission to accelerate delivery of emerging commercial technologies to warfighters. For more information, visit https://secondfront.com/

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SOURCE Second Front Systems

Tech Hiring Stands Out in December Jobs Report

DOWNERS GROVE, Ill., Jan. 8, 2021 /PRNewswire/ — U.S. information technology (IT) companies increased employment by a net 22,200 workers while IT occupations throughout the economy grew by an estimated 391,000 positions in December, an analysis by CompTIA, the nonprofit association for the IT industry and workforce, reveals.[1]

DOWNERS GROVE, Ill., Jan. 8, 2021 /PRNewswire/ — U.S. information technology (IT) companies increased employment by a net 22,200 workers while IT occupations throughout the economy grew by an estimated 391,000 positions in December, an analysis by CompTIA, the nonprofit association for the IT industry and workforce, reveals.[1]

Tech hiring continues to bring a degree of stability to a still fragile labor market in an incomplete recovery.

The positive tech employment news stood out in a month where the U.S. economy lost 140,000 jobs, according to today’s U.S. Bureau of Labor Statistics (BLS) Employment Situation report (#JobsReport).

«Tech hiring continues to bring a degree of stability to a still fragile labor market in an incomplete recovery,» said Tim Herbert, executive vice president for research and market intelligence at CompTIA. «With projections of employer demand for tech talent remaining strong in the year ahead, we hope tech can continue to serve as a catalyst for business and career opportunity.»

The tech occupation unemployment rate was 3% in December, compared to 6.7% for the overall  economy. Tech unemployment started 2020 at 3% and ranged from a low of 2.4% to a high of 4.6% during the year.

Tech Sector Hiring Led by Services, Software Jobs

December hiring within the IT sector was paced by the addition of 20,300 jobs in the IT services and custom software development category in the employment category, an important indicator of small and medium-size business activity.

Also in positive territory were the categories of data processing, hosting and related services (+ 2,600), computer, electronics and semiconductor manufacturing (+ 1,600) and other information services, including search portals (+ 200). Telecommunications employment declined by 2,500 jobs.

During 2020 the U.S. IT sector recorded six months of employment growth and six months of job losses. IT occupation employment experienced seven months of growth and five months of declines in 2020. Last month’s addition of an estimated 391,000 new positions represented the largest monthly gain last year.

Tech Job Postings Up

Another positive sign was a modest increase in the number of employer job postings for core information technology positions, to nearly 207,000 in December. Software and application developer openings accounted for the largest share of the total at 62,900. IT support specialist (18,100), systems engineers and architects (16,600), systems analysts (13,700) and IT project managers (13,500) were also in demand.

Industries with the largest number of tech jobs postings included professional, scientific and technical services (38,215), finance and insurance (18,054), manufacturing (14,872) and information (12,406).

Among metropolitan areas across the country, New York, Seattle, San Jose, Chicago and San Francisco saw the largest month-over-month increase in tech job postings. At the state level, Washington, California, New York, Michigan and Illinois experienced the strongest month-over-month gains.

Employer hiring for emerging tech job roles and skills reached 57,509 for the month, a slight increase from November. As a percentage of overall technology job postings, emtech accounted for 28% in December, up 6 percentage points over the January 2020 rate of 22%.

The CompTIA Tech Jobs Report is available at https://www.comptia.org/content/tech-jobs-report.

About CompTIA

The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world’s economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for advancing the tech industry and its workforce. Visit www.comptia.org.

Media Contact 
Steven Ostrowski 
CompTIA 
+1 630-678-8468 
sostrowski@comptia.org

[1] Monthly occupation-level data reporting from the Bureau of Labor Statistics may be subject to higher levels of variance and volatility.

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SOURCE CompTIA

New Energy Equity Expands MI Portfolio with City of Norton Shores

NORTON SHORES, Mich., Jan. 8, 2021 /PRNewswire/ — New Energy Equity, along with their development partner Chart House Energy, has completed a 326 kW-DC solar development project consisting of three separate municipal buildings in Norton Shores, MI. The three rooftops,…

NORTON SHORES, Mich., Jan. 8, 2021 /PRNewswire/ — New Energy Equity, along with their development partner Chart House Energy, has completed a 326 kW-DC solar development project consisting of three separate municipal buildings in Norton Shores, MI. The three rooftops, totaling about 21,000 square feet, includes the City of Norton Shores Fire Station, Public Works building, and City Hall. Working with the City of Norton Shores and Chart House Energy will add to New Energy Equity’s continued expansion throughout Michigan. Outside of Michigan, New Energy Equity has completed over 150 projects, totaling more than 185 MW in the Midwest Region.

New Energy Equity provided the upfront development financing, engineering and design support and long-term financing for the project. The project allows the City to save money on their annual electricity bills with no upfront costs. New Energy Equity will continue to work with the City of Norton Shores, Chart House Energy, and other local organizations across the state to promote the use of clean renewable energy.

«This project is expected to offset around 420 MWh per year, roughly equivalent to the annual energy usage of about 50 households. We are thrilled to see our partnership with New Energy Equity result in the successful installation of solar across the region,» says Jon Ledsworth of Chart House Energy.

«When cities like Norton Shores prioritize access to clean energy for their community, they not only save money on their electricity costs, but they also reduce their carbon footprint.» says New Energy Equity CEO and President Matthew Hankey. «We are excited about this project and the partnership between the City of Norton Shores, New Energy Equity and Chart House Energy. «

New Energy Equity recently completed a series of projects in the area totaling 647 kW-DC and has a local development pipeline exceeding 5 MW for 2021 in the state of Michigan.

About New Energy Equity

Founded in 2013 and headquartered in Annapolis, Maryland, New Energy Equity develops and finances solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity successfully developed over 250MW of solar projects since 2013. The company was ranked as the sixth-largest developer on Solar Power World’s «2019 Top Solar Contractors» list and was voted as one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine in 2020.

For more information please visit New Energy Equity’s website at www.newenergyequity.com.  To stay up-to-date on current news, subscribe to our newsletter, follow us on LinkedIn, Twitter, & our blog.

Media inquiries:
Bridget Plunkett, Marketing Associate
T:   801-866-3687
E: bplunkett@newenergyequity.com

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SOURCE New Energy Equity

The U.S. Private Sector Job Quality Index (JQI)® December 2020

NEW YORK, Jan. 8, 2021 /PRNewswire-PRWeb/ — Following the release of the Employment Situation Report for December 2020 by the U.S. Bureau of Labor Statistics (BLS), the U.S. Private Sector Job Quality Index (JQI)® has been revised to a level of 81.24, down by…

NEW YORK, Jan. 8, 2021 /PRNewswire-PRWeb/ — Following the release of the Employment Situation Report for December 2020 by the U.S. Bureau of Labor Statistics (BLS), the U.S. Private Sector Job Quality Index (JQI)® has been revised to a level of 81.24, down by 0.91% from its revised level one month earlier and reflecting a higher proportion – relative to the prior month – of U.S. production and non-supervisory (P&NS) jobs paying less than the mean weekly income of all P&NS jobs («Low Quality Jobs»), relative to those jobs paying above such mean. The JQI remains heavily impacted by the extraordinary disruption in the number and composition of private sector production and non-supervisory jobs since the beginning of the U.S. impact of the COVID19 global pandemic, with regard to which the following additional special factors should be noted:

  • the BLS Employment Situation Report for December reflects a 95,000 decline in private sector payrolls, finally reflecting the cumulative impact of the sustained historically high level of initial weekly claims for unemployment insurance benefits which itself is reflective of overall damage to employers as well as virus surges, colder weather and the elimination of pretty much all benefits to job creation arising from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), including the Payroll Protection Program (PPP) and the federal unemployment insurance benefit supplement, prior to the enactment of additional relief at the very end of 2020 (which had no impact on December results).
  • More workers in Low Quality jobs who were laid off during the peak crisis months, returning to their jobs starting in mid-year and through the fall, were again laid off in December. This will stall the JQI reversion back to its pre-pandemic, lower levels to the extent that those lower quality jobs continue to be lost over the winter; and
  • the JQI may rise or fall for a period of time to the extent that such large numbers of Low Quality Jobs have been substantially eliminated or restored (temporarily or otherwise), as offset by the significantly higher benchmark mean weekly income used in computing the index since the elimination of large numbers of Low Quality Jobs.

The mean weekly wage income of all P&NS jobs as of the current reading (which reflects the level as of November 2020) increased to 847.88, a change of 0.29% from its revised level the month prior. This reflects the continued absence (as a result of the pandemic) of the low-wage/low-hours positions that had grown substantially in number over the course of the past four years. The JQ-Instant™ preliminary read of the 95,000 loss in all private sector, non-farm payrolls for December 2020 shows that 100% of the losses in private sector jobs were in industry sectors offering P&NS jobs with an average weekly income below the mean weekly income of all P&NS jobs (i.e. «Low Quality Jobs»). This reading was due to a very substantial loss of jobs in the leisure and hospitality sector – particularly in the restaurant industry – and the dramatic increase in the average weekly income for all P&NS jobs resulting from the elimination of millions of Low Quality Jobs during the COVID19 crisis, causing several marginal sectors to fall below the new average weekly income measure. This distortion will ultimately sort itself out during the course of this year.

Dan Alpert, co-creator of the U.S. Private Sector Job Quality Index, said, «More workers in Low Quality jobs who were laid off during the peak crisis months, returning to their jobs starting in mid-year and through the fall, were again laid off in December.»

For an explanatory video on the JQI, please see: http://www.vimeo.com/jqi.

This news release presents data from the most recent JQI reading calculated through the month immediately prior to the month covered by this release. The JQI assesses job quality in the United States by measuring desirable higher-wage/higher-hour jobs versus lower-wage/lower-hour jobs. The JQI offers a near-real time analytical tool to policymakers, researchers and financial market participants with relevance to a variety of trends in the economy at large. The JQI analyzes a representative sample of the economy using production and non-supervisory job (P&NS) data from 180 different industry groups spanning across all 20 super-sectors into which the BLS groups establishments. The principal data utilized is contained in the Current Employment Survey (CES, also often referred to as the establishment survey) P&NS data on average weekly hours, average hourly wage and total employment for each given industry group (seasonally adjusted, in all cases). The JQI is updated on a monthly basis contemporaneously with the release of new CES data from the BLS.

The JQ-Instant reading is for the month covered by this release and has implications for the likely direction of the JQI itself in future months. As the JQI is reported as a three-month rolling average of actual monthly readings, significant imbalances (readings varying from an even distribution between high and low quality jobs) in the JQ-Instant results would suggest future JQI readings moving in the direction of the dominant side of such distribution.

The U.S. Private Sector Job Quality Index (patent pending) is a joint development of the Program on the Law and Regulation of Financial Institutions and Markets at the Jack G. Clarke Institute of Cornell Law School, the University of Missouri Kansas City Department of Economics, the Coalition for a Prosperous America, and the Global Institute for Sustainable Prosperity.

For more information, and to read the full report, visit https://www.jobqualityindex.com/.

©2020 JQI IP Holdings LLC. «Private Sector Job Quality Index» and «JQI» are registered trademarks of JQI IP Holdings LLC. The Private Sector Job Quality Index is patent pending, application number US 62/900,923. Cornell logo and Cornell Law School and Jack G. Clarke Program names and references used with permission.

Media Contact

Melissa Tallman, Coalition for a Prosperous America, 315.269.4205, melissa@prosperousamerica.org

 

SOURCE U.S. Private Sector Job Quality Index

Home Prices Up 13%, Pending Sales Rise 38%

SEATTLE, Jan. 8, 2021 /PRNewswire/ — (NASDAQ: RDFN) — The median home sale price increased 13% year over year to $319,000 during the 4-week period ending January 3, according to a new report from Redfin (<a target="_blank"…

SEATTLE, Jan. 8, 2021 /PRNewswire/ — (NASDAQ: RDFN) — The median home sale price increased 13% year over year to $319,000 during the 4-week period ending January 3, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

Below are other key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending January 3.

  • Pending home sales were up 38% year over year.
  • New listings of homes for sale were up 7% from a year earlier—the smallest increase since July.
  • Active listings (the number of homes listed for sale at any point during the period) fell 32% from 2020 to a new all-time low.
  • 38% of homes that went under contract had an accepted offer within the first two weeks on the market, well above the 25% rate during the same period a year ago.
  • The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, declined slightly to 99.3%—still 1.5 percentage points higher than a year earlier.
  • For the week ending January 3, the seasonally adjusted Redfin Homebuyer Demand Index—a measure of requests for home tours and other services from Redfin agents—was up 32% from pre-pandemic levels in January and February of 2020.
  • For the week ending January 7, 30-year mortgage rates fell to another new record low of 2.65%.

«The economy faces new challenges in the next few weeks, which are likely to see continued political instability and rising coronavirus cases,» said Redfin chief economist Daryl Fairweather. «Still, it’s unlikely that either will have a meaningful or long-term impact on homebuying demand, which, already extremely strong, is now bolstered by even lower mortgage rates. Migration and progressive economic policies will shape the housing market in the months to come. The recent migration of Americans to affordable places like Atlanta,  Phoenix and suburbs across the country has contributed to what will be a major change in fiscal and economic policy starting on January 20. While more government spending could lead to moderate mortgage-rate increases, it will also likely include programs to make homeownership affordable to more people.»

 

To view the full report, including charts and methodology, please visit: https://www.redfin.com/news/housing-market-prices-up-13/

About Redfin
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we are the #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 90 markets in the United States and Canada. Since our launch in 2006, we have saved our customers over $800 million and we’ve helped them buy or sell more than 235,000 homes worth more than $115 billion.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

 

 

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SOURCE Redfin

As COVID-19 Ramped Up In December, U.S. Employment Decreased

NEW YORK, Jan. 8, 2021 /PRNewswire/ — In December the number of jobs declined by 140,000, marking the first decline since April. The published unemployment rate remained unchanged at 6.7 percent, but the true rate, after adjusting for the misclassification error, rose from 7.1 to 7.3 percent. The unemployment rate for women and Hispanics rose more visibly. The labor force participation remained unchanged at 61.5 percent.

NEW YORK, Jan. 8, 2021 /PRNewswire/ — In December the number of jobs declined by 140,000, marking the first decline since April. The published unemployment rate remained unchanged at 6.7 percent, but the true rate, after adjusting for the misclassification error, rose from 7.1 to 7.3 percent. The unemployment rate for women and Hispanics rose more visibly. The labor force participation remained unchanged at 61.5 percent.

The drop in employment is primarily due to three factors: 1) deteriorating consumer demand for in-person services because of the acceleration in the spread of the virus; 2) the growing stringency of state and local governments’ pandemic-related policies; and 3) consumers’ growing fears over getting infected. Consumer spending was already down in November, partly driven by lower spending on restaurants and hotels.

The in-person services industries were also the hardest-hit in today’s jobs report. Much of the drop – 372,000 jobs – came from restaurant and bars. Amusements, gambling & recreation industries shed seven percent of their jobs in one month. The large drop in the number of jobs in in-person industries more than offset solid gains in the rest of the labor market.

In the next 1-2 months, we should not expect good news about the spread of the virus. If Europe is any guide, the number of infections could significantly increase. On the upside, the faster than expected fiscal support is providing a larger than expected income boost to consumers. But due to the deteriorating pandemic conditions, these additional funds are unlikely to be directed towards in-person services. These industries are likely to continue to shed jobs, especially in food services. The combination of restrictions on indoor dining and the colder temperature preventing outdoor dining will continue to hurt restaurant jobs for the rest of the winter.

Overall, the drop in employment in in-person services could more than offset the increase in other industries, and lead to a decline in the number of jobs in the US in January-February. The unemployment rate should slightly increase during that period.

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SOURCE The Conference Board