Labor

oil rig

Why Schlumberger Will Fire 11,000

The announcement was simple and came as a part of Schlumberger Ltd.'s (NYSE: SLB) terrible first-quarter earnings announcement. The carnage of layoffs continues across the oil industry due to low crude ...
Read Full Story »
482470659

Workers Seeking $15 Hourly Wage Set Strikes in 230 Cities

The strikes and protests that began more than two years ago among workers at fast-food restaurants has expanded its scope, seeking to include low-wage workers in many fields to join ...
Read Full Story »
job_dissatisfaction_2

US Job Openings Hit 14-Year High: Almost Double the Long-Term Unemployed

The U.S. Bureau of Labor Statistics (BLS) released its Job Openings and Labor Turnover Survey for the month of February on Tuesday morning. While the look after the report may ...
Read Full Story »
ten dollar bills

Why Analysts Are Concerned About Wage Hikes at McDonald’s

McDonald's Corp. (NYSE: MCD) finally has delivered on higher wages. The move came with instant criticism as not being enough and not covering enough workers from those who are seeking ...
Read Full Story »
Walmart TV

The 10 States With the Most Wal-Mart Stores

Wal-Mart Stores Inc. (NYSE: WMT) has 4,953 locations in the United States. Of those, 563 are in Texas, the state with the most locations. A look at Wal-Mart store locations ...
Read Full Story »
Hire Me!

Job Growth Gets Slaughtered in March

The U.S. Department of Labor released its March payroll and unemployment data Friday morning, and it is hard to imagine how it could have been much worse. The Labor Department ...
Read Full Story »
McDonald's

McDonald’s Raises to Cost Nearly $200 Million

When McDonald’s Corp. (NYSE: MCD) announced on Wednesday that it would raise wages for 90,000 employees who work in company-operated stores, it said that by July 1, 2015, McDonald’s will ...
Read Full Story »
Big-Mac

McDonald’s Pay Hike Covers a Fraction of Employees

For the 90,000 or so employees who work in its 1,500 company-operated U.S. stores, McDonald’s Corp. (NYSE: MCD) plans to boost the average pay to $9.90 per hour on July ...
Read Full Story »
187980110

Labor Department Unemployment and Payrolls Get Curveball From ADP and TrimTabs

Friday's unemployment and payrolls report from the U.S. Labor Department just became a lot more difficult to predict. ADP posted a very weak economic report on its payrolls for March, ...
Read Full Story »
car_production_line

Will UAW Slow Auto Output?

The United Auto Workers (UAW) union agreed to adopt a two-tier pay system, even before the financial crisis of 2008, as a concession to the so-called Detroit Three U.S. automakers. Now ...
Read Full Story »
walmart-store-front-blue

Wal-Mart Is Largest Employer in 20 States

With 1.3 million employees, Wal-Mart Stores Inc. (NYSE: WMT) is the largest private employer in the United States. The company operates more than 4,500 Wal-Mart stores and nearly 650 Sam’s ...
Read Full Story »
787-8

Union Seeks Election at Boeing 787 Plant in South Carolina

The International Association of Machinists & Aerospace Workers (IAM) filed a petition Monday morning with the U.S. National Labor Relations Board (NLRB) to hold an election at Boeing Co.’s (NYSE: ...
Read Full Story »
157140737

Youth Unemployment at an Amazing 17.1%

In Friday’s report on the employment situation in the United States, the Bureau of Labor Statistics (BLS) disclosed that the unemployment rate for young people aged 16 to 19 remained ...
Read Full Story »
465448648

Black Unemployment at 10.4%

In February, the unemployment rate among black or African American persons was 10.4%, nearly double the national rate of 5.5%. The unemployment rate among blacks or African Americans between ages ...
Read Full Story »
152498601

A Fifth of Americans Do Not Plan to Retire

Whether it comes from financial necessity or potential boredom, a fifth of Americans do not plan to retire. The decisions could substantially alter the landscape of the U.S. job market, ...
Read Full Story »