West Virginia Is Desperate for Workers, but Resistant to Migrant Labor

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 8 May 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for May 8. West Virginia is struggling to find workers. Reporter Paul Kiernan explains why there is resistance to migrant labor. And corporate profits are booming. Reporter Justin Lahart has more on what it means for the economy. Plus, after the success of weight-loss drugs like Ozempic, drugmakers are working on treatments to help people keep weight off. Senior writer Betsy McKay has more. Annmarie Fertoli hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:12.0	Take a free test drive of OCI at oracle.com
0:15.5	slash Wall Street.
0:17.3	Corporate profits are booming. So what does that mean for the economy? And why West Virginia
0:26.6	is struggling to find workers? West Virginia is the only state in the country that has fewer
0:31.2	people now than it did in 1940.
0:33.4	Businesses want to know that they're going to be able to find the workers they need
0:36.2	and the consumers they need.
0:38.2	And if the state's population is on this long-term decline, you know, tax cuts can only go so far.
0:44.0	Plus, how drug makers are trying to help people keep weight off.
0:48.0	It's Wednesday, May 8th.
0:50.0	I'm Anne Marie Fertoli for the Wall Street Journal.
0:52.0	This is the PM edition of What's News,
0:54.3	the top headlines and business stories
0:56.1	that move the world today. The bulk of U.S. companies have now reported their first quarter results and corporate
1:10.1	profits appear to be on an upswing that's despite somewhat slower job growth in April.
1:15.0	Here now with more is Wall Street Journal reporter Justin Leahart.
1:18.0	Justin, what's the overall picture we have here now that most of the big companies have reported for the season.
1:24.0	Yeah, so once again, companies have beat expectations.
1:27.6	S&P 500 earnings per share at this point look like they're up about 5.2% in the first quarter from a year earlier.
1:37.3	That is better than what analysts thought.
	...

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