Manufacturers and government leaders including Florida Gov. Rick Scott and U.S. Commerce Secretary Penny Pritzker gathered in Orlando, Fla., Thursday for the first day of a two-day summit hosted by Wal-Mart and NRF focused on bringing more manufacturing jobs back to the United States. "Today, America has an abundance of entry-level jobs and some high-end jobs. But the middle has eroded. Most people agree it can't go on like this," said Wal-Mart's U.S. President and CEO Bill Simon.
Stock prices have shown modest gains this morning, after a two-day decline as investors reacted to the Federal Reserve's plan to start withdrawing stimulus if the economy improves. The Standard & Poor's 500 index dropped 2.5% on Thursday, its biggest one-day decline since Nov. 11, 2011. The Dow Jones industrial average and the Nasdaq Composite index each gave up about 2.3%.
Hospital custodians who viewed their work in "rich relational terms" and sought out positives were happier than those who did not, according to study author Amy Wrzesniewski. "Though there are obviously times you should quit a terrible job, the impulse to always look for the perfect career situation rather than try to find ways to thrive in your current one and connect with the value of the work you already do, makes a lot of people unnecessarily miserable," writes Jessica Stillman.
Teachers in Pennsylvania's McGuffey School District were expected to return to the classroom today after a two-day strike over stagnant contract talks. Teachers say they were forced to strike after district officials requested teachers pay more for their health care benefits, even though an independent fact-finder recommended that teachers maintain their level of health care contributions for the next two years.