The Largest Employer in Every State
While millions of Americans lost their jobs during the COVID-19 pandemic, the largest U.S. corporations and organizations continued to employ tens of thousands of workers.
24/7 Wall St. reviewed the most recent employment figures for nonprofits and private and publicly held companies using company press releases, government data, business journals, local media reports, as well as statements from company representatives to determine the largest employer in each state.
Federal and state governments tend to employ more Americans in a given state than any private company. Government employees may work directly for government departments or for other organizations, such as public universities. We therefore considered such public employees separately. For instance, a number of public university systems rank as the top employers in their state.
While large schools and health care companies employed many thousands of people, roughly 2.5 million Americans worked for either Walmart or Amazon. In most states, Walmart employed at least 20,000 people, and in half of all states, Amazon employed more than 10,000 people. Many of the jobs these companies offer have little or no prior work or educational requirements. While this makes them accessible to nearly anyone in the workforce, these jobs do not tend to pay high wages. These are the lowest paying jobs in America.
Click here to see largest employer in every state.
Click here to see our detailed methodology.
Hero boxer dog who saved family from house fire looks so happy to be reunited
RBI’s first purchase under G-SAP 1.0 set for April 15
Eyes securities worth ₹25,000 crore
A day after announcing the introduction of the G-sec Acquisition Programme (G-SAP 1.0), the Reserve Bank of India (RBI) on Thursday announced the Open Market Purchase of Government of India Securities under the programme .
“The Reserve Bank will conduct open market purchase of government securities of ₹1 lakh crore under the G-sec Acquisition Programme (G-SAP 1.0) in Q1 2021-22 with a view to enabling a stable and orderly evolution of the yield curve. The first purchase of government securities for an aggregate amount of ₹25,000 crore under G-SAP 1.0 will be conducted on April 15, 2021,” the RBI said in a circular. The central bank Accordingly, the Reserve Bank will purchase five types of government securities via a multi-security auction using multiple price methods. The dates of maturity vary from November 2, 2023 to and March 16, 2035. The RBI has reserved the right to decide on the quantum of purchase of individual securities and accept bids for less than the aggregate amount, it said.
MF assets rose 30% in FY21, equities saw inflows in March
But investors pulled out ₹52,528 crore from debt mutual funds last month
The Average Assets Under Management (AAUMs) of the Mutual Fund (MF) industry in FY21 touched a historic high of ₹32.17 lakh crore as on March 31, rising 30% over the previous year’s ₹24.70 lakh crore, as per annual data released by the Association of Mutual Funds in India (AMFI).
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of ₹9,115 crore in March amid a correction in the stock market.
Barring multi-cap and value fund categories, all the equity schemes saw inflow last month. However, investors pulled out ₹52,528 crore from debt mutual funds last month, after investing ₹1,735 crore in February, owing to advance tax payments and other year-end commitments. “Mutual Funds continue to be the preferred investment vehicle to build long-term, goal-based wealth creation, as is reflected from the number of unique investors across Mutual Fund schemes increasing in the last one year, by 10% to 2.28 crore as on March 31, 2021,” said N.S. Venkatesh, Chief Executive, AMFI.
Another highlight during the pandemic-hit 2020-21 has been the rising acceptance for mutual funds from tier 2 and tier 3 locations, with Mutual Fund AUM from beyond the Top 30 cities rising 54% to ₹5,35,373 crore as on March 31, he said.
Meanwhile, SBI Mutual Fund, a joint venture between State Bank of India and France’s Amundi, said it had become the first fund house in India to cross ₹5 lakh crore in AAUM.
(With PTI inputs)
Facebook Refuses To Notify 530 Million Users About Data Leak
Social networking behemoth Facebook Inc. (FB), on Wednesday, said it will not notify the 530 million users about the data breach of their account.
Last week, Business Insider revealed that data of more than 530 million users, including information like their phone numbers and dates of birth, were made freely available in a public database.
The data was obtained using a loophole in the social media platform’s system for synchronizing contacts. The data was breached before 2019 and recently made public in a database.
However, the company, through a blog post, reported that the vulnerability was fixed in September 2019.
“It is important to understand that malicious actors obtained this data not through hacking our systems but by scraping it from our platform prior to September 2019,” the company said in the post.
Scraping is a common tactic that often relies on automated software to lift public information from the internet that can end up being distributed in online forums like this.
Facebook assured that the data breach did not include financial information, health information, or passwords.
The company also added that since it was not something that the users could alter, they deemed informing the users unnecessary.
The EU’s lead regulator for Facebook, Ireland’s Data Protection Commission also accused Facebook of “no proactive communication” about their action on the data leak.