The economy, employment rates and global competitiveness continue to be the focus of major news stories in the United States. Most recently, the July jobs report showed the U.S. added 160,000 jobs last month and the unemployment rate is now at 8.3 percent. Last week, the highly rated morning show, Fox & Friends, featured GLOBALFOUNDRIES as one of the top five companies hiring in the country. A product of the largest public-private partnership in New York history, our Fab 8 has already created nearly 1,500 permanent jobs and 8,000 indirect jobs in New York, with more growth on the horizon.
The segment kicks off discussing the job market in New York and reports that GLOBALFOUNDRIES will hire 600 new employees around the country, with 350 of these openings in Saratoga County. Among the positions we’re hiring for, the top openings include water fab operators, technicians, engineers and managers. We also recently announced plans to expand Fab 8’s clean room to meet growing customer demand, which will create an additional 300 jobs.
This year the Capital Region has grown in popularity and is quickly developing a reputation as a technology hub. This spring Forbes magazine even named Albany-Schenectady one of America’s best cities for jobs. The segment also featured another local company, Lockheed Martin, a top defense contractor with a branch in Saratoga Springs. Lockheed currently has 6,500 job openings worldwide, including IT, engineering and program management.
As the Capital Region continues to grow, new technology, collaboration and advanced manufacturing should continue to draw talent to the area. Watch the full Fox & Friends segment to find out more.