Job Creation, Job Losses, And Politicians [Forbes]
UNITED TECHNOLOGIES (UTX)
Last united technologies earnings: 1/28 06:30 am
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Source: Forbes
IMAGE DISTRIBUTED FOR PRATT & WHITNEY - Rep. Paul Cook, R-Calif., second from left, and Rep. Chris Collins, R-N.Y., at left, look at a Geared Turbofan engine built by Pratt & Whitney, a division of United Technologies, during an event on Capitol Hill, Wednesday, July 19, 2017 in Washington. The engine, with more than 8,000 on order, will help drive hiring up to 25,000 new employees, at Pratt & Whitney through 2026, and was showcased as an example of U.S. manufacturing leadership. (Kevin Wolf/AP Images for Pratt & Whitney) photo credit: ASSOCIATED PRESS Every month U.S. employers hire nearly 2.5 million new workers as they start new businesses or expand existing ones. But about 2.2 million workers are also laid off, quit or retire, according to the U.S. Bureau of Labor Statistics. This churning of employees being hired and separated is a good thing for the economy, even if it can be unsettling or disruptive for individuals surprised at being let go. It’s
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