ThinkstockRemember all the talk about how sequestration was going to lead to endless numbers of firings and endless cuts in government services? Surprise! It did not really happen anywhere as much as they were…
Ed Brown, via Wikimedia CommonsThe U.S. Labor Department has released its unemployment and payrolls reading for the month of May. The data looks mixed on the surface. The bad news is that the official…
Ed Brown, via Wikimedia CommonsWhile the markets wait for the official unemployment rates to be issued for the federal government that will cover the month of May, overseas markets whipped back and forth. The…
ThinkstockThe Federal Reserve has submitted its Household Net Worth report for the first quarter of 2013 and there is good news. Total household net worth reached $70.3 trillion, up about $3 trillion from the…
ThinkstockIf you ever wondered about a pay disparity between the top and the bottom, pay close attention here. CEOs and presidents are often paid very well at the big banks. SNL Financial has released its…
ThinkstockIn a tracking survey that estimates the percentage of the U.S. population employed at least 30 hours a week, Gallup reports that the payroll-to-population (P2P) employment rate fell from 44.5% in April to 43.9%…
ThinkstockAre there any jobs in Greece? If so, there are plenty of applicants, or at least bodies, that can apply. A report on Thursday showed that the March unemployment rate rose yet again to…
Ed Brown, via Wikimedia CommonsThe U.S. Labor Department is out with its weekly jobless claims report, the last real employment data ahead of Friday’s key unemployment and payrolls report. The Bureau of Labor Statistics…
ThinkstockThe United States is the only developed country in the world without a single legally required paid vacation day or holiday. By law, every country in the European Union has at least four work…
ThinkstockThe latest research from Mercer Investment Consulting shows that the aggregate deficit in pension plans sponsored by the companies listed on the S&P 1500 stands at $269 billion at the end of May. That…
ThinkstockThe Labor Department’s Employment Situation report is due out this Friday. The investing community will get to find out whether they should have sold in May and gone away. This will be the last…
courtesy of ZyngaThe Zynga Inc. (NASDAQ: ZNGA) workforce reduction, which hit about a fifth of its staff yesterday, could grow considerably if the company’s hopeful forecast of its future turns out to be wrong.…
courtesy of ZyngaShares of Zynga Inc. (NASDAQ: ZNGA) were halted for five minutes this afternoon as the company announced a layoff of about 520 employees that it said would be completed by August. Zynga,…
ThinkstockAlmost all the analysis of the unemployment situation in the euro area focused on the record jobless rate of 12.2%. Nothing was said about the 87.8% employment rate. The very large portion of people…
ThinkstockWe have now seen the report on personal income and spending for the month of April, and frankly both look a bit soft and may have a slight impact on some of the second-quarter gross…