layoffs

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Why the Natural Unemployment Rate May Now Be Lower

The Chicago Federal Reserve recently released a report showing its projections regarding the changing labor force composition and the natural rate of unemployment. What is interesting about the observation is ...
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USPS Sorting Center

US Postal Service Loses Another $1.3 Billion

The sinkhole called the U.S. Postal Service (USPS) lost another $1.3 billion in the first quarter. Not only is the operation being overwhelmed by competition from United Parcel Service Inc. (NYSE: ...
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Have Unemployment and Payrolls Reached the Perfect Storm for Stocks and Bonds?

Usually when people hear the word storm used, it means that catastrophe has struck. That just isn't always the case when it comes to the financial markets. The U.S. Labor ...
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jobs

ADP and TrimTabs Throw Curve Ball to Labor Department Payrolls Expectations

The market has a huge discrepancy to deal with now for job creation and Friday's official payrolls report from the U.S. Department of Labor. ADP showed a projected 169,000 private ...
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Dow Chemical to Fire 3% of Employees, CEO Will Take No Pay Cut

The story is as old as publicly traded companies. Dow Chemical Co. (NYSE: DOW) will cut 3% of its workforce. Nothing in the corporation's press release mentioned whether Andrew N. ...
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Banks and States With the Most Branch Closings: The Rise of Mobile Banking

It is no secret that the banking industry is seeing major changes in how the companies operate. After years of retail presence expansion, that trend has been unwinding as banks ...
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Oil drilling rig

Weatherford Will Fire 10,000 as Revenues, Rig Counts Drop

Weatherford International Inc. (NYSE: WFT) reported first-quarter 2015 earnings after markets closed Wednesday night. The oil field services company posted an adjusted net loss of $0.04 on revenues of $2.79 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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