The Labor Department has released its weekly jobless claims and this week is a normalized number compared to last week’s huge artificial drop due to one large state not having their numbers recorded to…
In the wake of the controversial 7.8% unemployment rate reported by the U.S. Labor Department earlier this month, Gallup today said that its nonseasonally adjusted rate fell from 7.9% at the end of September…
Amazon.com Inc. (NASDAQ: AMZN) will hire more than 50,000 seasonal workers to staff up its 40 U.S. fulfillment centers for the coming holiday shopping season. Amazon joins the ranks of other large retailers with…
John Mathias Engler, the heavy-set former Governor of Michigan who is now the President of the Business Roundtable, recently addressed an audience of Detroit executives. At the core of his message were mostly obvious comments. Senior…
Advanced Micro Devices Inc. (NYSE: AMD) is trading slightly higher on reports that the troubled chip and processor outfit is likely to announce workforce reductions of up to 30% in the very near future.…
Earlier this week we noted that some workers at Wal-Mart Stores Inc. (NYSE: WMT) had walked off the job at a few stores around the country. The walkouts were primarily aimed at alleged retaliation…
The Manufacturers Alliance for Productivity and Innovation (MAPI) issued the results of a new survey that confirm what most economists and business people already suspect. In its new outlook about the prospects of its members,…
When we saw that the Labor Department reported a 30,000 drop in weekly jobless claims, the initial thought was that more suspect calculations may be involved. Then the thought that perhaps things may have…
The U.S. Labor Department has released its count on weekly jobless claims, and the report shows a stellar drop of 30,000 to 339,000. The prior week was revised higher to 369,000 from 367,000 originally…
It is never a good sign when a global corporation with customers across almost the entire world and a broad array of businesses says it will cut workers because of the economic slowdown. But A.G.…
Greece has joined Spain as one of the only two countries in the European Union with an unemployment rate above 25%. The new figure — 25.1% — coupled with a gross domestic product decline that…
The Bureau of Labor Statistics has released its monthly job openings report showing that there were some 3.56 million job openings on the last business day of August. The BLS said that this was…
In labor actions that union leaders called the first ever strike against Wal-Mart Stores Inc. (NYSE: WMT) and that company officials called a “publicity stunt,” employees at 28 of the company’s stores in 12…
After last Friday’s nonfarm payroll report was released, Jack Welch, former CEO of General Electric Co. (NYSE: GE), tweeted that the Obama administration had juggled the numbers in an effort to make the U.S.…
The Conference Board is showing a rather different picture from what the U.S. Labor Department showed with the unemployment rate almost magically dropping to 7.8% in September from 8.1% in August. Today’s Employment Trends…