Business & Economy | WOSU Radio

Business & Economy

Updated at 10:59 a.m. ET

U.S. economic growth fell to a 2.1% annual rate in the second quarter — down from a 3.1% pace in the first three months of 2019, the Commerce Department said. But growth came in slightly stronger than many analysts had expected.

Mark Franko, 28-year General Motors employee, holds an American flag as employees gather outside the plant, Wednesday, March 6, 2019, in Lordstown, Ohio.
Tony Dejak / Associated Press

The president of the United Auto Workers union at General Motors plant in Lordstown has joined hundreds of other employees in transferring to a GM plant elsewhere.

Damita Brown, interim director of the Columbus Office for Diversity and Inclusion, speaks about a study of hiring practices on July 24, 2019.
Adora Namigadde / WOSU

The City of Columbus announced plans to increase its work with minority- and women-owned businesses Tuesday, after conducting a study of its relationships with diverse partnerships.

When Amazon opens its new fulfillment facility in Akron, it will be the third in Northeast Ohio. One in Euclid is preparing to launch, and one in North Randall opened in October 2018. All three are sited where shopping malls used to be.

In North Randall, Mayor David Smith said Amazon has exceeded the city’s expectations.

The announcement that Amazon is building a new fulfillment center and bringing 1,500 jobs to the former Rolling Acres Mall site in Akron, has businesses in neighboring Kenmore seeing opportunity.  

The Kenmore Neighborhood Alliance is cautiously optimistic about the impact the world's largest retailer could have. 

Amazon Building Two More Distribution Centers In Ohio

Jul 22, 2019
Amazon distribution center in Groveport, Ohio.
WOSU

Amazon says it will open two new distribution centers in Ohio.

The company announced Monday that the two sites in Akron and near Toledo will bring a combined 2,500 full-time jobs.

construction workers
Pixabay

Ohio’s unemployment rate was down slightly in June. It was an even 4% last month compared to 4.1% in May. Companies in Ohio have jobs that are going unfilled right now.

A rendering of a proposed North Market tower, which would be 28 stories tall.
NBBJ

Columbus officials have released details of an agreement to build a new tower next to North Market.

The Miami Valley’s first medical marijuana dispensary held its grand opening Thursday. Mad River Remedies in Riverside offers 20 types of medical marijuana to registered patients with one of 21 state-approved medical conditions.

Amazon employees who are filling boxes in warehouses may be the industry's next engineers.

The company announced Thursday that it will spend more than $700 million to train 100,000 employees for higher-skilled jobs over the next six years.

A classroom wall at the Cleveland School of Cannabis in Columbus.
Debbie Holmes / WOSU

The Cleveland School of Cannabis has opened an educational facility in Columbus for workers in the medical marijuana industry, the second of its kind in Ohio.

Baby cows outside the Kocher farm.
Olivia Miltner / WOSU

The U.S. Small Business Administration announced it will give loans to organizations impacted by excessive rain and flooding in Ohio.

Updated at 9:25 a.m. ET

Hiring rebounded strongly in June as U.S. employers added 224,000 jobs. That's well above the pace many forecasters were expecting, and a sharp pickup after a disappointing May.

A monthly snapshot from the Labor Department showed unemployment rose slightly, to 3.7%, as more workers entered the job market.

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Future Of Retail

Jul 5, 2019

Big department stores such as Macy's and Sears were once retail empires. 

Now mass closures and layoffs have some business analysts predicting the end of physical retail stores.

Other experts disagree, saying that those in retail can stay viable by shedding the dead weight of low-profit stores and focusing on innovation. 

Today on All Sides, the future of retail and where Columbus stands.

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