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"American employers took on more workers than forecast in April and the jobless rate unexpectedly fell to a four-year low of 7.5 percent, reflecting confidence in the outlook for the world’s biggest economy."
Reply to @Art: Sorry for your friends. But, paper mill industry is probably not a growth sector. And yes I understand it is never a good situation where the major manufacturer lay off a lot of workers in a small town. You can always find a place that is doing worse than the rest.
I grew up in the Hardware City (New Britain, CT) where Stanley Works all but shut down the city in the 1970's when they moved their manufaturing overseas. Even 40 years later the town is still trying to reinvent itself. When a town puts all of its faith into one company, a lot is riding on the companies committment to the town.
As an aside... Companies like Boise Paper...provide much more to a town's richness that merely a tax base from the sale of its products...here's what I appreciated about Stanley Works (and its factory workers) impact on America...a little known facts like;
"In 1895, the basketball technique of dribbling was developed at the New Britain YMCA." and it was Stanley Works employees who fequented the YMCA and played for the factory and town teams.
As James Naismith commented;
"The original rules said nothing about dribbling, merely stating that passing the ball was the legal way of advancing it. Players soon developed the strategy of "passing to themselves", which Naismith himself both endorsed and admired for its ingenuity, and which evolved into the dribble as it is known today."
It maybe my small way of thinking, but Paper...Metal empower individuals and serve as a catalyst to transform greater things for a society. It's sad when profitability become the only criteria for Industry.
Reply to @bee: Ha! Nice story Bee. My wife was born in New Britain. We both grew up in the adjacent town of Newington, where I believe Fafnir Bearing represents an analogous sad story.
Comments
Art
Hi Art,
I grew up in the Hardware City (New Britain, CT) where Stanley Works all but shut down the city in the 1970's when they moved their manufaturing overseas. Even 40 years later the town is still trying to reinvent itself. When a town puts all of its faith into one company, a lot is riding on the companies committment to the town.
As an aside... Companies like Boise Paper...provide much more to a town's richness that merely a tax base from the sale of its products...here's what I appreciated about Stanley Works (and its factory workers) impact on America...a little known facts like;
"In 1895, the basketball technique of dribbling was developed at the New Britain YMCA." and it was Stanley Works employees who fequented the YMCA and played for the factory and town teams.
As James Naismith commented;
"The original rules said nothing about dribbling, merely stating that passing the ball was the legal way of advancing it. Players soon developed the strategy of "passing to themselves", which Naismith himself both endorsed and admired for its ingenuity, and which evolved into the dribble as it is known today."
It maybe my small way of thinking, but Paper...Metal empower individuals and serve as a catalyst to transform greater things for a society. It's sad when profitability become the only criteria for Industry.