unemployment

Spain

In Spain and Greece, 25% of Adults Still Unemployed

The unemployment rate in the euro area continues to drop. In January the figure fell to 11.2% from 11.3% in December. Eurostat made that improvement the headline of its release ...
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Labor Department Shows Huge Jump in Weekly Jobless Claims

The U.S. Labor Department has released a somewhat disappointing reading for weekly jobless claims. Claims rose by a sharp 31,000 to a seasonally adjusted reading of 313,000. The Wall Street ...
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Bank

Will American Banks Close Thousands of Branches?

JPMorgan Chase & Co. (NYSE: JPM) will cut roughly 300 branches over the next two years. Some reasons for its decision extend to all banks that support large numbers of ...
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Janet_yellen

Janet Yellen Testimony Verdict: Very Patient on Rate Hike Timing and Degree

Janet Yellen, chair of the Federal Reserve, is delivering more good news to the financial markets in her Semiannual Monetary Policy Report to the Congress before the Senate's Committee on ...
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US_Dept_of_Labor

Weekly Jobless Claims Blow Out Estimates

The U.S. Department of Labor has released its most recent report on weekly jobless claims. For the week ended February 14, initial claims came in 21,000 below the previously revised ...
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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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Companies Cutting the Most Jobs

Planned job cuts among U.S. companies in 2014 totaled 450,531 through November, down 5.8% compared to the same period in 2013. According to global outplacement firm Challenger, Gray & Christmas, ...
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Huge Revisions Move Unemployment

The U.S. Department of Labor released the January Employment Situation report Friday morning. Employers across the United States fell behind in hiring in January from December’s revised numbers. The long ...
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Hire Me!

Unemployment Still Far From 5% Recovery Level

Unemployment may tick down to 5.5% for January. While the figure is worth a cheer, it remains far from the less than 5% number that signals a full recovery. The ...
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Siemens Fires 7,800 Workers

Things are not going well at one of the world's largest conglomerates. Germany's Siemens will fire 7,800 people in a "restructuring." The company's management announced: As previously announced, Siemens has ...
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Drilling Rig

Weatherford Slashes 8,000 Jobs on Low Crude Oil Prices

Oilfield services company Weatherford International Inc. (NYSE: WFT) reported fourth-quarter results after markets closed on Wednesday, and the company managed to beat earnings per share estimates by a penny, but ...
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179125086

Weekly Jobless Claims Smoothing Out Recent Volatility

The U.S. Department of Labor has released the most recent report on weekly jobless claims. For the week ended on January 31, initial claims came in 9,000 above the previously ...
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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 ...
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Unemployment Near 7% in 8 States

National nonfarm payroll unemployment rate fell to 5.6% in December, as the nation added 252,000 jobs. However, some portions of the nation, geographically, have been left behind as their jobless rates have held ...
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Oil pumpjack

North Dakota 2.7% Unemployment Will Soar

No state has a lower unemployment rate than North Dakota, where it is 2.7%. No state is at a greater risk to have its unemployment rate soar. Low oil prices get the blame. ...
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