On Wednesday, Shares of JPMorgan Chase & Co. (NYSE:JPM), gained 1.61% to $68.26, hitting its highest level.
JPMorgan Chase & Co., released a new report, “Growing Skills for a Growing Chicago,” which describes the opportunity gap between the thousands of middle-skills jobs created by the region’s economy and the lack of career readiness of many of its citizens.
The Chicago region recovery is accelerating and presently has more than 980,000 well-paying middle-skill jobs that represent 23% of the region’s workforce. Middle-skill jobs require more than a high school credential but less than a Bachelor’s degree. Based on a study of recent hiring trends, the local economy is projected to generate nearly 28,000 new middle-skill jobs every year through 2019 that are both in high-demand occupations and also pay a living wage. These jobs pay a median wage of $26.93 per hour, which is nearly 42 percent higher than the region’s living wage of $18.98 per hour. However, as more middle-skill jobs become accessible, the report finds that many job seekers in the region do not have the necessary skills, training or education to fill these well-paying, accessible jobs.
“Creating a deep and diverse talent pool is essential to successfully developing Chicago’s economy, which is why we launched the College to Careers program at City Colleges of Chicago to ensure that graduates are educated and trained for 21st century jobs,” said Mayor Rahm Emanuel. “This report validates our strategy of focusing on those sectors – like healthcare, transportation distribution and logistics – poised for noteworthy job growth in the coming years. Working with partners like JPMorgan Chase, the city will continue to invest in the right economic development opportunities and work to close the skills gap.”
According to the U.S. Bureau of Labor Statistics, the Chicago metropolitan area contributes nearly 3 percent of the nation’s total jobs and added more than 200,000 new jobs since 2010. It is projected to exceed pre-recession employment levels by 2017. Job growth for the regions is predictable to be 8.9 percent through 2020.
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of Gevo, Inc. (NASDAQ:GEVO), inclined 9.55% to $4.13, during its last trading session, after the Environmental Protection Agency declared it will regulate greenhouse gas emissions from airplanes. The company is a renewable chemicals and biofuels firm.
The EPA said in a report that emissions from airplanes endanger human health due to their contribution to global warming, according to the New York Times. The report does not impose specific requirements on the airline industry, but requires the agency to develop new rules.
Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks.
Finally, Mondelez International, Inc. (NASDAQ:MDLZ), ended its last trade with 0.37% gain, and closed at $40.37.
In a report published Monday, Credit Suisse analyst Robert Moskow maintained an Outperform rating on Mondelez International Inc (NASDAQ: MDLZ), while raising the price target from $42 to $48, according to Benzinga.
In the report Credit Suisse noted, “Mondelez’ recent declaration that it will close half of the production at its South Chicago biscuit facility and transfer it to Salinas Mexico marks the first step in this multi-year initiative.”
The transition to faster production lines is predictable to boost Mondelez’s gross margins by about 500 to 1000bps, depending on the location of the line.
The EPS estimates for 2016 and 2017 have been raised from $2.00 to $2.03 and from $2.15 to $2.25, respectively.
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
