The nation's employment picture continued to deteriorate in October, although the rate of decline continued to slow, according to two reports issued Wednesday.
The number of first-time filers for unemployment insurance jumped last week, according to a government report issued Thursday, with the increase exceeding economists' forecasts.
The long-battered U.S. job market showed some signs of improvement in July as employers cut far fewer jobs from payrolls and the unemployment rate fell for the first time in more than a year, according to a government report Friday.
Private-sector employment recorded its smallest monthly drop in nine months during July, but the number of job cuts announced in the month spiked 31%, according two reports released Wednesday.
More than 550 laid-off production line workers in Pennsylvania finally got some good news. Oshkosh, the truck maker who gave them their pink slips, is now hiring them back.
The nation's employment picture continued to deteriorate in October, although the rate of decline continued to slow, according to two reports issued Wednesday.
The number of first-time filers for unemployment insurance jumped last week, according to a government report issued Thursday, with the increase exceeding economists' forecasts.
The long-battered U.S. job market showed some signs of improvement in July as employers cut far fewer jobs from payrolls and the unemployment rate fell for the first time in more than a year, according to a government report Friday.
Private-sector employment recorded its smallest monthly drop in nine months during July, but the number of job cuts announced in the month spiked 31%, according two reports released Wednesday.
More than 550 laid-off production line workers in Pennsylvania finally got some good news. Oshkosh, the truck maker who gave them their pink slips, is now hiring them back.
Stocks were headed for a higher opening on Tuesday morning as investors reacted to Moody's saying it will maintain the United States' credit rating at triple-A. They also awaited the beginning of the two-day meeting of the Federal Reserve.
The number of Americans filing for initial unemployment insurance fell more than expected last week, but ongoing claims ticked higher, according to government data released Thursday.
Virginia's Department of Transportation is putting $694.5 million in stimulus funds to work repairing the state's roads and bridges. But that money won't save the jobs of nearly 1,500 of the agency's workers.
General Motors unveiled plans to close 14 plants and three warehouses Monday in a move that could ultimately slash up to 20,000 workers from its payrolls, as the company undergoes an historic bankruptcy restructuring.
The economic crisis continues unabated: the stock market is at its lowest in twelve years, unemployment is at its highest in decades, and nobody knows how bad it's going to get. Your 401K might be tanking, but canned food will always be valuable. And so will the shoulders of those you love and who love you back, even if, at this moment, some shoulders have to bear a greater weight than others.
As if losing your job isn't bad enough, a new study suggests that people who are laid off are at higher risk of being diagnosed with health conditions such as hypertension, heart disease, and even arthritis than those who keep their jobs.
Microsoft said Tuesday that it is moving forward with a second wave of mass layoffs, getting the company closer to its target of 5,000 job cuts by mid 2010, according to an e-mail Chief Executive Steve Ballmer sent employees.
The number of initial claims for unemployment insurance rose last week, with the number of people collecting benefits overall climbing to a record 6.14 million, according to a U.S. government report released Thursday.
It was the best of times in 2004, when attorney Dave Dineen graduated from Boston University School of Law and landed a job at a top Massachusetts corporate firm, Foley Hoag LLP.
Job losses continued to mount in March and unemployment hit a 25-year high, according to the government's latest reading on the battered labor market Friday.
When it takes nearly half a year to find a new job, a severance package from your previous employer can be a lifesaver. But what if that safety net was gone?
Shifting U.S. jobs overseas is nothing new for technology giant International Business Machines Corp. -- or the tech sector in general -- but a brave new employee relocation strategy at Big Blue is raising some eyebrows.
With unemployment numbers continuing their steady climb, you've probably seen layoffs happen in your company or to someone you know -- hopefully not to you.
As Warren Buffett likes to say, "It's better to be approximately right than precisely wrong." Every CEO should remember those words when confronting the powerful temptation to lay people off.
The U.S. economy continued to hemorrhage jobs in February, bringing total job losses over the last six months to more than 3.3 million, and taking the unemployment rate to its highest level in 25 years.
Small companies continue to hemorrhage jobs. Employment at companies with fewer than 500 employees dropped by 576,000 positions in February, according to ADP's latest job report, released Wednesday.
The private sector lost nearly 700,000 jobs in February, according to a report from payroll-processing company Automatic Data Processing released Wednesday, but a separate report showed that employers announced fewer job cuts last month.
There were fewer mass layoffs in January, with the brunt of the job casualties occurring in the South and in temporary-help services, according to the U.S. government.
General Motors announced Tuesday it is cutting 10,000 workers, or 14% of its salaried jobs worldwide. A third of those job losses will be in the United States.
Dear Annie: My company has slashed several thousand jobs in two waves of layoffs, one in December and another about two weeks ago. I manage a department that used to have 41 people in it, and now numbers 28 (not counting me). Thank God I didn't personally have to let anyone go -- my employer's policy is to have HR handle the whole thing -- but we were a fairly tight-knit group, and now I see signs that my staff is demoralized and discouraged.
President Obama held the first evening press conference of his presidency Monday, with the financial crisis as the main topic. Before taking questions, he gave a brief speech. Here is a transcript of the speech and news conference:
Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market.
For the 12th consecutive month, small businesses made deep staffing cuts: Companies with 500 or fewer workers cut 430,000 positions in January, according to the latest ADP employment report, released Wednesday.
Mass layoffs hit a seven-year high in 2008, with most of the job casualties occurring in the Midwest and in factories, according to the U.S. government.
Only about one in 10 workers who lose their job opt to keep their employer-sponsored health insurance through the safety-net program COBRA, most likely because the premiums are too expensive, according to an analysis released Friday by the Commonwealth Fund, a private foundation that supports independent research on health care issues.
The job market is off to a terrible start this year, with companies announcing more than 80,000 job losses so far, in one of the most painful symptoms of the ongoing recession.
Aircraft maker Boeing, one of the few employers that added workers through the nationwide labor market downturn last year, announced Friday it will cut 4,500 jobs this year, undoing the employment gains it achieved in 2008.
The small businesses sector in December suffered its largest one-month jobs decline in at least a decade, according to an employment report by payroll processor ADP, which estimates that small companies shed 281,000 jobs last month.
Some jarring reports Wednesday that show the labor market is still staggering are giving economists reason to fret about the government's monthly jobs report due at week's end.
Industrial conglomerate Textron and information technology firm Unisys announced a total of 3,500 job cuts Monday to reduce costs as economic activity slows.
Office Depot, Yahoo and Electronic Arts have added to the mounting job losses in the global economy, with more than 4,000 positions slated for elimination.
The nation's job market was dealt a savage blow this week as a slew of companies announced more than 34,000 layoffs, and the government reported that nearly 2 million jobs have been lost this year, through November.
Job cuts increased 69% in January from the previous month, as the U.S. economy continues to struggle amid a housing and credit slump, according to a survey released Monday by a consulting firm.
Corporate profitability and the weak dollar in 2007 may have staved off job cuts in non-financial sectors, but big-name banks could announce more major layoffs this year, according to a report Thursday.
Dow Jones & Co. has reached a tentative deal on a new contract with the union representing reporters at The Wall Street Journal, ending several months of sometimes contentious talks.
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