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Posts related to ‘Jobs’

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The Dark Side of Unemployment

Posted: April 4, 2013 at 6:53 am

Two constants dominate most discussions of how a multiyear recovery from terrible unemployment would need to progress. The first is that an historically large number of people who are currently out of jobs ...
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Intuit Shows Only Small Optimism for Unemployment and Payrolls This Friday

Posted: April 2, 2013 at 9:15 am

This Friday we will get to see the Labor Department's employment situation report. If one number can influence the markets in a major way, the payrolls data would be considered ...
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Spain

Record High European Unemployment — Eurostat

Posted: April 2, 2013 at 7:05 am

Eurostat reported that unemployment in 17-nation euro area continues to hover at 12%. It is worth remembering that, at the depths of the recession, U.S. joblessness barely topped 10% during ...
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Manufacturing

Ahead of Today’s PMI Report — U.S. Manufacturing Continues to Slip

Posted: April 1, 2013 at 8:50 am

The February report for the purchasing managers index (PMI) came in at 54.2, a number that indicates expansion in the economy. Even better, the new orders index posted a reading ...
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Houston Leads Top Five Cities in Job Creation, as Riverside, Calif., Lags

Posted: March 27, 2013 at 6:16 am

All job creation is local, which makes national unemployment numbers flawed as a measure overall economic activity. Nothing shows this better than recent data on job creation by city, although ...
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The Dwindling Pool of Good Jobs

Posted: March 21, 2013 at 6:48 am

A large body of evidence indicates that many people who lost jobs in the most recent recession have had to replace them with positions that pay much less. If so, consumer ...
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The American Retirement Asset Crisis Is Upon Us

Posted: March 19, 2013 at 2:43 pm

A fresh report from the Employee Benefit Research Institute is signaling that most Americans are going to be retiring with nowhere close to having enough assets and savings for retirement. ...
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Bank

HSBC Could Lay Off Thousands

Posted: March 18, 2013 at 7:00 am

The restructuring of the financial services industry, which has ranged from 30,000 layoffs at Bank of America Corp. (NYSE: BAC) to cuts at Citigroup Inc. (NYSE: C) and Barclays PLC ...
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CEO Optimism Rises for Sales and Capital Spending, but Not for Jobs

Posted: March 13, 2013 at 10:50 am

The Business Roundtable (BRT) released its first-quarter CEO Economic Outlook Survey for 2013, showing that average CEO economic expectations for the coming six-month period have improved for first time in ...
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U.S. Firings Drop, Job Openings Increase

Posted: March 12, 2013 at 2:16 pm

The number of U.S. workers laid off or fired in January fell to a 12-year low of 1.51 million according to the latest data from the U.S. Department of Labor. ...
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Key Jobs Data Released Ahead of Unemployment on Friday

Posted: March 7, 2013 at 9:15 am

This morning brought on several key economic releases ahead of the key Friday jobs number and unemployment data from the Labor Department. The Challenger Job Cut Report came in at ...
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Chrysler Adding a Few Jobs in Indiana

Posted: March 1, 2013 at 6:40 am

The public remains awed every time a U.S. car company adds even a few employees. Perhaps that is because so many tens of thousands lost jobs during the recession and ...
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European Unemployment Rises Again

Posted: March 1, 2013 at 6:40 am

Euro area unemployment rose again, a sign that austerity has not helped alleviate economic markets and likely has caused an erosion of jobs. According to Eurostat figures: The euro area (EA17) seasonally-adjusted unemployment rate was ...
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Is the Banking Industry About to Cut Another 100,000 Jobs?

Posted: February 27, 2013 at 6:48 am

J.P. Morgan Chase & Co. (NYSE: JPM) announced it will cut 4,000 part-time jobs and another 13,000 contract positions in its mortgage business. The bank blamed weaknesses in the mortgage ...
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Job Recovery? Quantity, Not Quality

Posted: February 21, 2013 at 6:18 am

The economy has started to add jobs again, at a rate of 150,00 or better each month. Government data and that from private sector experts have shown that many of ...
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