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USA TODAY cuts 60 to 70 jobs due to declining print ads
USA TODAY eliminated 60 to 70 jobs Wednesday, a move aimed at cutting costs amid declining print ad sales and supporting its increasing focus on delivering news online and on mobile devices. The...
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Stronger hiring shines on long-term jobless
A bright spot in the disappointing August jobs report was another sharp drop in long-term unemployment. The number of Americans out of work at least six months fell by 192,000 to 3 million and is down...
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Jobless claims rise 11,000, but total stays low
More people sought U.S. unemployment benefits last week, though the trend in benefit applications in the past month remained low. The Labor Department says that weekly applications for unemployment aid...
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Stocks leap as jobs rebound; Dow adds 209
The stock market staged a strong rally Friday — with the Dow up more than 200 points back above the 17,000 level — after the government’s monthly employment report showed a rebounding jobs market. The...
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Unemployment rates fall for least educated
A better labor market is benefiting more Americans, including those with less education. September’s unemployment rate fell from 6.1% to 5.9%, slipping under 6% for the first time since 2008. Those...
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Seasonal jobs outlook robust this year
It’s beginning to look a lot like Christmas will be brighter this year for seasonal workers looking for extra cash and a choice of positions. A seamstress, barista and pressers at a custom sports...
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Employment-related data to steal the spotlight Thursday
Stocks could continue to tilt higher Thursday, as traders focus on U.S. jobless claims data and productivity and labor costs ahead of the October jobs report. Friday’s employment report is expected to...
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Average weekly jobless claims slip to 14-year low
First-time claims for unemployment benefits for the past four weeks are at their lowest level in more than 14 years, the Labor Department said Thursday. The four-week moving average of claims was...
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Businesses added 208,000 jobs in November
The private sector added 208,000 jobs in November, payroll processor ADP said Wednesday, as the labor market continued to defy mixed economic news. Economists had estimated ADP would report 226,000 new...
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Apple, Amazon refuse to release federal diversity data
Apple and Amazon, two of technology’s most powerful companies, are refusing to release federal data on the diversity of their workforces. Spokeswoman Kristin Huguet declined to comment on why Apple...
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Initial unemployment claims dip lower
Fewer people sought U.S. unemployment benefits last week, as the continued low levels of applicants reflect growing job security. The Labor Department says weekly applications fell 3,000 to a...
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Jobless claims fall 9,000 to 7-week low
The number of Americans applying for unemployment benefits has reached its lowest level in seven weeks, a sign that the U.S. economy and job market are steadily improving. The Labor Department says...
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Services firms’ growth slows
U.S. services firms expanded at a solid but much slower pace in December compared with the previous month, a sign growth may have cooled at the end of last year. The Institute for Supply Management...
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Businesses added 241,000 jobs in December
The labor market ended 2014 on a strong note, payroll processor ADP said Wednesday, as businesses added 241,000 jobs in December. Economists expected ADP to report 225,000 new private sector jobs. They...
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Layoffs hit icons Coke and McDonald’s
Reality is hitting hard this week — in the form of pink slips — at two of America’s most iconic brands. Coca-Cola on Thursday announced plans to lay off 1,600 to 1,800 of its corporate, U.S. and...
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Jobless claims fall, suggests strong hiring
Fewer Americans applied for unemployment benefits last week, a sign that employers expect ongoing economic growth and the need to hold onto workers. The Labor Department said Thursday that applications...
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Jobs report arrives amid 2-day stock boom
An already hectic, wild week for investors gets potentially more hairy today when the government releases figures on how many jobs were created last month. Heading into “Jobs Friday,” Wall Street is in...
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Businesses added 213,000 jobs in January
The labor market cooled off a bit to begin 2015, payroll processor ADP said Wednesday, as businesses added a still-solid 213,000 jobs in January. Economists estimated the report would show 223,000 new...
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Weekly jobless claims tumble
Americans are finding jobs, the government says, reporting a big drop in unemployment claims last week. The total was 283,000 — an initial, seasonally adjusted count subject to revision later — that...
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Justices defend Muslim girl in employment dispute
Supreme Court justices who have been sympathetic to religious beliefs and customs sharply questioned a lawyer for Abercrombie & Fitch Wednesday over the clothier’s refusal to hire a...
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February jobs report
“Markets are looking for another robust jobs report, and bump up in (worker) wages, as a sign that the U.S. economy has escaped deflation and subpar growth of the past few years,” says Joe Quinlan,...
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Manufacturing slows as output, hiring weaken
U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly. The Institute for Supply Management, a trade group of purchasing...
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Businesses add 212,000 jobs in February
Private employers hired 212,000 workers in February, adding more muscle to the frame of a growing U.S. labor force. Payroll processor ADP’s survey released Wednesday morning showed the seasonally...
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Unemployment rate drops in 24 states in January
Unemployment rates fell in 24 states in January and rose in just eight, the latest evidence that hiring is strong across the country. The Labor Department said Tuesday that jobless rates were unchanged...
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Weekly jobless claims fall sharply, drop 36,000
The number of people seeking U.S. unemployment benefits fell sharply last week, a sign that strong hiring will likely continue. Weekly applications for unemployment aid dropped 36,000 to a seasonally...
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“Good” March jobs report may not be so good
The markets are gearing up for the all-important jobs report due out Friday. The report will likely show that last month the economy, once again, added hundreds of thousands of jobs. It’s also expected...
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Jobs report may give Fed pause
For investors, the March jobs report means that the Federal Reserve’s first interest-rate hike could be slowly receding in the distance. The Bureau of Labor Statistics reported that the economy created...
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No alarms in weak March job gains
Economists don’t view the government’s report Friday of a skimpy 126,000 job gains in March as a harbinger of sluggish payroll growth in 2015, but several anticipate a slowdown from last year’s...
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P&G cutting more office jobs, up to 6,000 worldwide
Procter & Gamble will cut another 3,000 to 6,000 office jobs worldwide in the next two years, senior executives said Thursday. An unknown number of cuts could occur here, where the company is...
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Unemployment benefit claims fall to 15-year low
Initial claims for unemployment benefits fell to the lowest level in 15 years last week, a sign of an improving labor market and more stable employment for Americans. Seasonally adjusted first-time...
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Despite jobs report, warning signs abound
Economists got it right last month: 223,000 jobs were added to the economy in April, in line with the 228,000 expected, while the unemployment rate fell to 5.4%. Wages even picked up slightly, logging...
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April job gains rebound to 223,000; unemployment dips
Milder weather helped the labor market shake off a winter chill in April as employers added 223,000 jobs. The unemployment rate fell from 5.5% to 5.4%, lowest since May 2008. Wall Street breathed a...
View ArticleA great jobs report for investors
The jobs report met expectations for once, and that’s good news for stock and bond investors. The U.S. economy added 223,000 jobs in April, according to the Bureau of Labor Statistics. Economists...
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Monthly average of jobless claims hit 15-year low
The number of people seeking U.S. unemployment benefits ticked lower last week, pushing down the four-week average of applications to its lowest level since April 2000. Weekly applications fell 1,000...
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More Americans expect higher incomes this year
Americans are significantly more optimistic about their income prospects while their perceptions of their financial well-being have improved modestly, according to Federal Reserve survey results out...
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Job openings hit 14-year high in April
The number of job openings in the U.S. surged to a 14-year high in April in a sign that job growth could strengthen further in coming months, the Labor Department said Tuesday. Employers posted 5.4...
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Higher minimum wages chomp into restaurants
Labor’s victories in hiking minimum wages stand to “eat into” restaurant profitability, warns Moody’s Investors Service Thursday, confirming the fears of investors. Profit margins of U.S. restaurants...
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Robust jobs report could instill confidence
Due to the Fourth of July market shutdown Friday, the monthly employment report dubbed “Jobs Friday” will be renamed “Jobs Thursday.” But the latest update on the health of the U.S. job market will...
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Jobless claims rise to highest level since February
The number of people seeking unemployment benefits rose last week to the highest level since late February. But the increase likely reflected temporary auto plant shutdowns rather than any underlying...
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Applications for unemployment aid plunge to 42-year low
The number of Americans filing initial applications for unemployment benefits fell to a 42-year low last week in the latest sign the labor market is poised for further gains. First-time claims for the...
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Employers added 173,000 jobs in Aug., jobless rates falls to 5.1%
Payroll growth slowed in August as employers added 173,000 jobs in a key report that could help the Federal Reserve decide whether to raise interest rates later this month. The unemployment rate, which...
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Applications for unemployment benefits fell 6,000 last week
Fewer Americans applied for unemployment benefits last week, keeping this key indicator of labor market health near historic lows. The Labor Department said Thursday that weekly applications for...
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Businesses added 200,000 jobs in September
The private sector added 200,000 jobs in September, payroll processor ADP said Wednesday, in a possible sign that the government will report that employment growth rebounded after slowing the previous...
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Employers added just 142,000 jobs in September
News that employment growth slowed for the second straight month in September renewed concerns about the economy and weakened the case for the Federal Reserve to raise interest rates later this year....
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Jobs report and Fed rate-hike dance begins anew
The last jobs report, released on the eve of Labor Day weekend, was billed by many as the most important reading on the health of the U.S. employment market since before the invention of the...
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Jobs report could get Fed to pull the trigger
Whether the Federal Reserve pulls the trigger on an interest rate hike next month at its final meeting of the year could hinge on how many jobs the U.S. economy created in October. That’s why Wall...
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Shell plans 2,800 job cuts as U.S. oil around $35
Shell says it is cutting 2,800 jobs in a pre-planned administrative move as plunging oil prices find a floor. The oil giant says in a release Monday that the job cuts, amounting to 3% of its workforce,...
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Hiring, quits hit 9-year highs in December
The number of Americans hired and the total quitting jobs both surged to nine-year highs in December, reflecting a more dynamic labor market that’s starting to push up wages. Job openings also jumped...
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Yahoo to lay off 15% of workforce amid $400M cost-cutting
Struggling search engine company Yahoo Inc. said it plans to cut about 15% of its workforce as part of a $400 million cost-cutting effort intended to “simplify” the troubled Internet company....
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Jobs Friday clashes with March Fed meeting
It’s Jobs Friday. That means the monthly Wall Street guessing game, “Will they or won’t they hike?” will kick off after the federal government lets the world know how many jobs the American economy...
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