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Showing posts with label Small Business. Show all posts
Showing posts with label Small Business. Show all posts

Friday, April 12, 2013

Local says his Mobile Detailing is a struggle but he manages to raise 5 kids on the income



Business Owner M.D. Francis seen detailing truck in Chesapeake.
photo: abhi ahmadadeen/BMLTV©


(BMLTV) CHESAPEAKE VA, April 12, 2013 – Norfolk resident M.D. Francis says says that he started this Mobil Detailing business “Buds Suds” 2 years ago with the intentions of generating enough income to raise 5 kids as a single parent. M.D. spoke about how he was looking to expand the business after first year, “but that hasn’t happened quite that way he explains”. 

While it is a struggle I am making money and there should be no reason for me to complain. “I’ve got the freedom to take this business anywhere. The United States Department of Labor Bureau of Labor Statistics (BLS) compiles occupational projections data on many occupations. The agency does not maintain a dedicated category for auto detailers though, instead lumping these workers in with "cleaners of vehicles and equipment."

This broad and somewhat nebulous category, cleaners of vehicles and equipment, accounted for nearly 350,000 US jobs in 2008. The occupational outlook anticipates a modest one percent growth over the decade from 2008 - 2018. BLS reports that median annual wages in this occupation are "very low" at $19,450. 6.5 percent of vehicle and equipment cleaners are self-employed. 

 by abhi ahmadadeen

Friday, October 5, 2012

Unemployment rate drops to 7.8 percent- its lowest level since January 2009


(BMLTV) WASHINGTON, October 5, 2012 - Secretary of Labor Hilda L. Solis issued the following statement on the September 2012 Employment Situation report released today:
"Our nation's labor market added 114,000 nonfarm payroll jobs in September, while the unemployment rate dropped to 7.8 percent, its lowest level since January 2009. Additionally, 86,000 more Americans found jobs in July and August than had been previously reported.

"The significant drop in the jobless rate was driven by people going back to work, not leaving the labor force. We saw unemployment drop for every group across the board last month. The fastest-growing group of new hires was young people ages 20 to 24 — a very encouraging sign for our country's future.

"Overall, the monthly drop in the unemployment rate is part of a larger trend that has seen the jobless rate fall by 1.2 percent over the last year.
"As many more Americans found work in September, we're also seeing other indications of a strengthening labor market and a quickening recovery. New Unemployment Insurance claims are down to pre-recession levels, consumer confidence is near a five-year high, and the number of people laid off last month was at the lowest level ever reported.

"I'm encouraged by September's growth. It comes even as the worst drought in 25 years placed heavy burdens on our farmers, and Hurricane Isaac disrupted oil and gas production in the Gulf. We've reversed course and achieved a level of stability hard to imagine when the economic crisis began in December 2007.

"New preliminary data from the Bureau of Labor Statistics show that we've now added nearly 5.2 million private sector jobs over 31 straight months of job growth. That's a striking contrast to the nearly 800,000 jobs a month we were losing at the end of the previous administration. The unemployment rate today is as low as it has been since any time President Obama has been in office.

"President Obama's economic policies are working. It is remarkable to consider the progress we've made despite the relative absence of bipartisan cooperation in Congress. If more lawmakers show a willingness to work across the aisle in the future, I'm confident we can accelerate these gains even more rapidly. The key to our future job growth is to keep tax cuts in place for small businesses and middle-class families, and to make smart investments in infrastructure, energy and job training. That's how we'll build a sustained recovery and create an economy that's truly built to last for the middle class."