Jim Walton is the youngest son of Sam Walton, the founder of Walmart Inc. He served on the board of Walmart from 2005 to 2016 and is currently chair of the Arvest Bank Group. As an heir to the Walmart fortune, Jim Walton boasts a net worth of $61.3 billion in 2023. Key Takeaways Jim
What Is Just-in-Time (JIT)? The just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules. Companies employ this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs. This method requires producers to forecast demand accurately.
What Is a Jitney? In finance, the term jitney refers to a broker that does not have direct access to an exchange and therefore relies on another broker with exchange access in order to execute their trades. The term can also be used to refer to a type of market manipulation in which brokers trade
What is Jitter Jitter is an anti-skimming technique that distorts the readout of the magnetic strip by altering the speed or motion of the card as it is swiped or pulled into a card reader or ATM. Jitter is designed to make any information copied by a card skimmer unreadable, and thus unusable. BREAKING DOWN
What Is a Jobber? “Jobber” is a slang term for a market maker on the London Stock Exchange prior to the mid-1980s. Jobbers, also called “stockjobbers,” acted as market makers (MMs). They held shares on their own books and created market liquidity by buying and selling securities, and matching investors’ buy and sell orders through
What Are Jobless Claims? Jobless claims are a statistic reported weekly by the U.S. Department of Labor that counts people filing to receive unemployment insurance benefits. There are two categories of jobless claims—initial, which comprises people filing for the first time, and continuing, which consists of unemployed people who have already been receiving unemployment benefits.
What Is a Job Lot? In finance, the term “job lot” refers to a commodities futures contract whose denomination is smaller than the typical standard lot for that commodity. For example, the standard lot for a crude oil futures contract is 1,000 barrels per contract. Any crude oil futures contract corresponding to less than 1,000
What Is the Job Market? The job market is the market in which employers search for employees and employees search for jobs. The job market is not a physical place as much as a concept demonstrating the competition and interplay between different labor forces. It is also known as the labor market. The job market
What Is the Jobseeker’s Allowance? (JSA) The Jobseeker’s Allowance (JSA) is a benefit for unemployed individuals in the U.K. who are actively seeking work. The allowance is intended to help minimize the cost of living for those seeking full-time employment. The benefit may also be available to people who work less than 16 hours per
What Is Jobs Growth? Jobs growth is measured in the U.S. by the number of employees added to nonfarm payrolls monthly, as reported by the U.S. Bureau of Labor Statistics (BLS). It is a key indicator of the pace of economic expansion. Nonfarm payrolls are part of the Employment Situation Summary published by the BLS
