Avio USA Breaks Ground in Virginia on First U.S. Solid Rocket Motor Facility, Strengthening Defense Supply Chain and Creating Over 1,000 Jobs

Avio USA Breaks Ground in Virginia on First U.S. Solid Rocket Motor Facility, Strengthening Defense Supply Chain and Creating Over 1,000 Jobs

HURT, Va.--(BUSINESS WIRE)--Avio USA today broke ground on its first U.S. manufacturing facility, an approximately 900,000-square-foot solid rocket motor plant in Hurt, Virginia, that will add significant domestic capacity for U.S. missile and munitions production.“Avio USA is building more than a manufacturing facility in Virginia. We are building an American company and workforce that can bring Avio’s proven propulsion expertise to the U.S. defense market,” said James Syring, CEO of Avio USA.Share Located at the Southern Virginia Multimodal Park, the new facility will give Avio USA the capacity to produce thousands of solid rocket motors annually for U.S. tactical missile programs. The company expects to create roughly 1,500 high-quality technical jobs in Southern Virginia. “America needs new suppliers to expand capacity, strengthen competition, and accelerate production now for solid rocket motors and munitions,” said Secretary Hung Cao. “Virginia already carries a critical share of the nation’s energetics workload. This new facility in Hurt will build on that strength, reinforce our defense industrial...
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Prediction market traders September jobs report will beat estimates

Prediction market traders September jobs report will beat estimates

Alan Nudelman (R), from Jiffy Lube, speaks to people about job opportunities during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on Sept. 25, 2026 in Sunrise, Florida. Joe Raedle | Getty ImagesPrediction market traders are expecting another strong jobs report on Friday. Following August's bigger-than-expected employment report — where the U.S. added 162,000 jobs during the month — traders on prediction market platform Kalshi think there's a 60% chance the country added more than 90,000 jobs during September. Speculators also think there's almost 50-50 odds that the report is once again in six figures. That's higher than the Dow Jones consensus economist consensus forecast of 84,000. On the contracts, traders are asked whether they think the U.S. added more than a certain number of jobs in the month. The market and its contracts are resolved using official data from the Bureau of Labor Statistics. Traders on Polymarket also think there's about 50-50 odds the September jobs report is in...
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Market Minute: U.S. September jobs preview

Market Minute: U.S. September jobs preview

The major economic data to be released this week will be the September U.S. jobs report on Friday. We expect a net increase in total employment of 85,000 positions following the gain of 162,000 in August. We expect the unemployment rate will remain unchanged at 4.1%. Average hourly earnings should increase by 0.3% month over month and by 3.2% on a year-ago basis. Get Joe Brusuelas’s Market Minute commentary every morning. Subscribe now.   With inflation rearing its ugly head once again, one focus will be on real wages in contrast with the nominal numbers reported in the monthly jobs data. Because we are expecting the September consumer price index to show inflation at or above 4% when it is released on Oct. 14, aggregate hours worked in the September jobs data will most likely provide an indication of whether household consumption will slow into the holiday shopping season. We anticipate that construction jobs linked to the AI data center build-out as well as skilled trades should show...
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Avio USA breaks ground on $500M facility expected to create 1,500 Southside jobs

Avio USA breaks ground on $500M facility expected to create 1,500 Southside jobs

HURT, Va. (WSET) — A major economic development milestone for Virginia’s Southside was celebrated on Tuesday as Avio USA broke ground on its new advanced manufacturing facility in Hurt.The company, which is a subsidiary of global aerospace company Avio S.p.A., will invest about $500 million to build an 860,000-square-foot manufacturing facility at the Southern Virginia Multimodal Park.SEE ALSO: VDOT rolls out new road-marking gear to speed striping and cut crew exposureFirst announced in February, the project is expected to create 1,500 jobs.Gov. Abigail Spanberger spoke at the groundbreaking and said it is one of the largest economic development projects in the region’s history.We are grateful, and we are ready to do right by this investment and the trust you have placed in Virginia,” Spanberger said.The facility will produce solid rocket motors for defense and tactical propulsion systems, missile systems and commercial space applications.At a time when the United States is focused on strengthening domestic supply chains and expanding manufacturing capacity,...
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U.S. job openings slipped to 7.1 million in August but labor market remains sturdy

U.S. job openings slipped to 7.1 million in August but labor market remains sturdy

WASHINGTON -- U.S. employers posted fewer job openings in August, but the American labor market remains resilient in the face of higher energy costs caused by the fighting with Iran.U.S. job openings slid to 7.08 million from a revised 7.34 million in July, the Labor Department reported Tuesday. Openings came in below the 7.2 million that forecasters had expected.The department's Job Openings and Labor Turnover Survey (JOLTS) also showed that layoffs fell and the number of people quitting their jobs — a sign of confidence in their prospects — was little changed in August.The U.S. job market is sturdy, though unspectacular, despite an energy shock from the Iran war. Hiring has rebounded from a miserable 2025. Employers — businesses, nonprofits and government agencies — have added an average 80,000 jobs a month so far this year. That is an improvement on the 9,700-a-month average last year when high interest rates and uncertainty about President Donald Trump's trade policies discouraged businesses...
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Ranked: U.S. Jobs Adding the Most Workers by 2035

Ranked: U.S. Jobs Adding the Most Workers by 2035

Ranked: America’s 25 Best Cities for Work in 2026 Key Takeaways Boston ranks as America’s best city for work in 2026, followed by Washington, D.C., and Burlington, Vermont. Burlington ranks first for job opportunity, while San Jose leads the country for compensation. Smaller metros including Madison, Fargo, and Sioux Falls rank among the strongest cities for job opportunities. Where are the best places in America to build a career in 2026? This visualization maps the 25 best cities for work from a ranking of 228 U.S. metro areas. The data comes from Indeed’s Best Cities for Work 2026. Indeed evaluated metro areas with at least 200,000 residents across six pillars: job opportunity, compensation, job quality and security, career mobility, work-life balance, and economic opportunity. Job opportunity and compensation each account for 20% of the overall score, while the other four categories each account for 15%. Why Boston Ranks First for Work Boston’s top ranking is driven by strength across several measures rather than dominance in a single category. RankCity, StateJob OpportunityCompensationJob...
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Ranked: The 30 Highest-Paying Jobs in America

Ranked: The 30 Highest-Paying Jobs in America

LinkedIn WhatsApp Facebook Twitter Bluesky Reddit Telegram Use This Visualization Add as preferred on Google Save to Inbox Ranked: The 30 Highest-Paying Jobs in America See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Key Takeaways Specialized medical roles account for 24 of America’s 30 highest-paying jobs. Pediatric surgeons rank first, earning a mean annual wage of about $451,000. Many of the highest-paying jobs are also rare, with several employing fewer than 10,000 people nationwide. Want to earn more than $300,000 a year in America? The clearest path is still a highly specialized medical career. This ranking of America’s highest-paying occupations uses Bureau of Labor Statistics (BLS) data to compare mean annual wages and total U.S. employment across the country’s top-paid roles. The results show how concentrated high pay is in healthcare. They also reveal another important pattern: many of America’s best-paid jobs are held by relatively small workforces,...
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The U.S. unexpectedly lost jobs in July : NPR

The U.S. unexpectedly lost jobs in July : NPR

The U.S. labor market went into reverse last month, as employers cut 23,000 jobs. Job gains for May and June were also revised downward. Transcript MARY LOUISE KELLY, HOST: The U.S. job market is suffering a summer slowdown. A report from the Labor Department this morning shows employers cut more than 20,000 jobs in July. That's sobering news at a time when polls show many Americans are already feeling gloomy about the economy. NPR's Scott Horsley joins us. Hey, Scott.SCOTT HORSLEY, BYLINE: Hi, Mary Louise.KELLY: Isn't this - what - the second month in a row that...
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US Tariffs on Canada’s auto industry expose US jobs and GDP

US Tariffs on Canada’s auto industry expose US jobs and GDP

US States in the Midwest – Kentucky, Michigan, and Indiana – will be exposed disproportionately to President Donald Trump’s proposed 50% tariff on imports of autos, trucks, and car parts from Canada, should it be implemented at the start of 2027, Oxford Economics stated in a report released today. Canadian auto manufacturers’ purchases of parts and other goods from US businesses support an estimated 0.12% of US jobs. A 50% US tariff on Canadian-made vehicles would put some of those jobs at risk. While the overall U.S. economic impact of this proposed tariff remains minimal at the national level, the state-level effects will be heavily concentrated. Kentucky faces the highest exposure—relative to the national average, Kentucky jobs are 3.7 times more exposed given their stronger links to Canadian auto procurement—followed by Michigan (3.5x) and Indiana (3.2x), the report says.We estimate two-thirds of exposed jobs will be in sectors other than automotive manufacturing. This harks back to the effect of the 25%...
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