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President Biden was in the battleground state of Arizona to make the biggest announcement yet in his plan to bring semiconductor manufacturing back to America.
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A new study found a legislative investment in Oklahoma’s behavioral health workforce could add 272 providers to the state, generate taxpayer benefits and significantly expand access to mental health care.
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U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.
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“Brain drain,” the migration of people with a higher education degree, remains an issue in most of the Midwest and Great Plains. Recent U.S. Census data shows many states are losing some of their most educated residents.
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UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. CEO Carol Tome said that the job cuts will produce $1 billion in cost savings.
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U.S. employers added 216,000 jobs in December, as the unemployment rate held steady at 3.7%. The labor market proved resilient in 2023, despite rising interest rates.
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Lawmakers offered the company a $698 million incentive package and funded $145 million in site improvements.
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The Oklahoma Department of Commerce announced it’s giving $22 million to American Airlines as part of the state’s Business Expansion Incentive Program. Those funds will go towards $400 million in improvements planned for the facility over the next three years. American Airlines says the expansion will add 300 jobs.
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The state’s Hispanic population and workforce have grown, requiring more programs to ensure job readiness.
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The Senate Select Committee on Business Retention and Economic Development will hold a hearing today to discuss what can be done to keep other businesses in the state.