layoffs

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 »
oil storage terminal

More Carnage in Oil and Gas Sector Jobs and Spending, but Looking Less Bad

The Federal Reserve Bank of Kansas City might not be the first place that oil and gas industry watchers think of for evaluating oil and gas trends in hiring and ...
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 »
Pouring molten steel

As US Steel Idles Minn. Plant, Will More Plant Idling Follow?

The woes continue to pile on for United States Steel Corp. (NYSE: X) as it announced that it will be idling yet another plant. This might not be moving the ...
Read Full Story »
Houston Ship Channel

$50 Oil Will Cost at Least 1 Million Jobs

A study in 2008 about the collapse of the auto industry in America said the disaster would cost as many as 3 million jobs. The research from the Center for Automotive Research (CAR) covered only those jobs ...
Read Full Story »
Hire Me!

Big Unexpected Surge in Weekly Jobless Claims

The U.S. Department of Labor has released the most recent report on weekly jobless claims. For the week ended on February 7, initial claims came in 25,000 above the previously ...
Read Full Story »
78740145

Connecticut Lagged US in Job Creation in 2014

Connecticut fell below every other state in the nation in terms of job creation in 2014. North Dakota led the list. Clearly that could change this year as oil prices ...
Read Full Story »
jobs

Labor Department JOLTS Report: Highest Job Openings Since 2001

The U.S. Department of Labor has released its Job Openings and Labor Turnover Summary, or the JOLTS report, for December 2014. There is a lag here to the traditional employment ...
Read Full Story »
124668669

Sharp Rise in Layoffs — Tied Directly to Lower Oil Prices

Friday's unemployment and payrolls report from the U.S. Labor Department is highly anticipated, but we are starting to see a dark side of the oil economy when it comes to ...
Read Full Story »
job_dissatisfaction_2

ADP Sets Weak Tone for Labor Department Payrolls and Unemployment

ADP has released its January private sector payrolls report, and on the surface it looks disappointing. Still, there may be a flip side here. ADP said that 213,000 jobs were ...
Read Full Story »
US_Dept_of_Labor

Jobless Claims Hit New Decade Low

The U.S. Labor Department is out with yet another installment of its weekly jobless claims report. While many of the economic numbers have been disappointing on a larger scale, the ...
Read Full Story »
Oil refinery

Will Enterprise Discuss Layoffs, Costs or Future Distributions With Earnings?

Enterprise Products Partners L.P. (NYSE: EPD) is set to report its fourth-quarter earnings Thursday morning. The giant master limited partnership (MLP) has an infrastructure and toll road model in the ...
Read Full Story »
Pouring molten steel

Falling Oil Forces US Steel Facility Closures

United States Steel Corp. (NYSE: X) will lay off roughly 750 employees between two plants, undoubtedly the result of falling oil prices. It is worth noting that these facilities are ...
Read Full Story »
495784183

10 Companies Cutting the Most Jobs

Through August, planned job cuts were slightly lower than they were during the first eight months of 2013. In all, companies have announced just under 333,000 planned layoffs so far ...
Read Full Story »
Biotechnology word cloud

Do Layoffs in Biotech Send the Right Message?

Investors could be facing a new future in biotech. After years and years of growth and after massive gains in recent years, is it possible that biotech giants are simply ...
Read Full Story »