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Jobs Picture Brightens
NEW YORK: Employers cut far fewer jobs from payrolls in July, according to a report from the government Friday, and the unemployment rate fell for the first time in more than a year.The Labor Department reported a net loss of 247,000 jobs in July, the fewest job losses since August 2008. Economists surveyed by Briefing.com… »
Bad Jobs Report Shows recession Is Over Talk Is Premature
NEW YORK: It looks like someone may have sprayed a healthy dose of Ortho Weed B Gon on those economic green shoots.So much for the notion of “less bad” numbers being good enough to get people excited about the economy. There was nothing “less bad” — let alone good — in the latest monthly employment… »
Challenger Jobs Report Shows Pace Of Job Cuts Slowing
NEW YORK: The pace of U.S. job losses has significantly slowed, according to a report released Wednesday.Outplacement firm Challenger, Gray & Christmas Inc. reported that the number of job cuts announced in June fell for the fifth straight month, after reaching a seven-year high in January. Challenger said job cut announcements by U.S. employers totaled… »
Jobs Report Shows The Economy Is Still Bad Just less Bad
NEW YORK: The May jobs report, which showed the lowest level of cuts since September, sent stocks slightly higher Friday on more hopes that the economy may soon be on the upswing.It’s encouraging though that investors didn’t treat the news as a reason for yet another euphoric rally. This jobs report was not an excuse… »
Jobs Could Get Run Over By Auto Woes
NEW YORK: The last thing the battered U.S. labor market needs are the current problems at GM and Chrysler.There have been some signs that the job market might be slowly improving. The number of people filing for new jobless benefits has declined for three straight weeks, and both payroll processing firm ADP and outplacement firm… »
Green Jobs Struggle To Pay Living Wage
NEW YORK: Massive investment in renewable energy could ultimately create 4 million manufacturing jobs. But for the workers in the bottom rung of this movement, the shift to green jobs could very well mean a pay cut of nearly 60%, a trend spreading across the entire manufacturing sector. Americans are betting that molding steel wind… »