Real estate mogul Barbara Corcoran is optimistic about job growth in the U.S. following the release of the March jobs report which shattered expectations. The Business Unusual podcast host said the number of currently available jobs is a sign that businesses will be competing for potential employees.
"I think it's going to be the best job market we've ever seen for the last 10 years," Corcoran told Cheddar.
"Right now, there are so many postings on the job boards that if you don't scan the job boards daily, you're out of your mind," she added.
On top of the recent boost to the jobs market, President Joe Biden's $2.3 trillion infrastructure plan could inject another surge into the economy, if passed.
"What I like about the jobs is there's a real need so there's being a need fulfilled that has been ignored for a long time," Corcoran said, although she expressed concern that jobs created in industries like clean energy may require additional training or education, something that many people struggling to find work don't have. "I'd like to see more people in dire need not get the assistance through checks but get the assistance through open doors into good jobs that they could prosper in."
Corcoran, who went into business for herself at 23 years old and completed the sale of her real estate empire weeks after the 9/11 terror attacks, said people who are not looking to work for others after living through a pandemic should start their businesses now. Just getting started on your own business is typically the hardest part, she noted.
"You don't have to get it right. You have to get it going," she said, noting that many aspiring entrepreneurs get bogged down in the planning process.
Now, as a star of ABC's Shark Tank, a reality show where entrepreneurs try to secure investments from top business leaders, Corcoran said she is in communication with the owners she has invested in almost daily, and the most successful have been able to adapt during the pandemic. She said if people can learn to adapt, they can turn their business around.
"The most important thing is change in any business cycle, but as a result of that pandemic the rate of change has been sped up on every front, and the ability to change faster than that change is what kept my best entrepreneurs in business," Corcoran added.
This story was updated on April 8, 2021 at 2:35 p.m. ET to correct the spelling of Barbara Corcoran's last name.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
At the core of the ongoing government shutdown is a fight over the decision to end subsidies that let some 12 million Americans get health coverage.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
