The Fed’s Deep Pessimism About Some Jobs
At the core of the Federal Reserve evaluation of the economy as it embarks on QE3 sits its forecast for job creation. The “central tendency” figures in the forecast from the Federal Open Market Committee…
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Newest first · Page 74Weekly Jobless Claims Jump Higher, Heading Back Toward 400K
The U.S. Labor Department has released its weekly jobless claims report and it showed a gain to some 382,000 claims — that is headed the wrong way. The prior week was revised to 367,000…
U.K. Unemployment Little Changed
The U.K. Office for National Statistics reported that unemployment in the three months that ended in July was 8.1%. The is up from 8.0% for the three months that ended in June. The actual…
More Bad News on Jobs Front: Job Openings Decline
The Labor Department has more data out that supports the theory that the very disappointing payrolls data from August will not be remedied in September. The Labor Department showed that its total job openings counted…
Layoffs: At HP and Philips More Shoes Fall
Hewlett-Packard Co. (NYSE: HPQ) will lay off 29,000 people instead of the 26,000 it originally announced as it struggles to improve performance. Royal Philips Electronics N.V. will cut the 2,200 jobs it announced, on…
Platinum Mining Strikes Spread to Gold, Silver Remains Wild Card
Gold bugs are finding a mixed reception today, but there is some concerning news out of South Africa that may resemble a bit of the same concern after deadly police responses during a labor strike in…
States Losing the Most Jobs to China
Debate over how many jobs the United States loses to China has gone on for years. Today, China is one of the two largest manufacturing economies in the world. The other is the United…
August Unemployment Ticks Down, Yet Payrolls Is Huge Disappointment
The Labor Department has released its highly anticipated report on the employment situation for August. With this being one of the last reports ahead of the key presidential election and with the stimulus packages…
Monster Employment Index Posts Gains for August Ahead of Key Unemployment and Payrolls Data
Monster Worldwide Inc. (NYSE: MWW) has released its Monster Employment Index for August 2012 showing that the United States grew by 6% year over year, and one that also rose by 6% month over…
August Unemployment Rate Improves — Gallup
The latest Gallup tracking survey on US unemployment puts the unadjusted US unemployment rate at 8.1% in August, down from 8.2% in July, and sharply down from 9.2% in August of 2011. On a…
August Layoffs Lowest Since 2010
The outplacement firm of Challenger, Gray & Christmas has released its job-cuts report for August, indicating that July layoffs declined by 12.5% below July’s layoff count, which had dropped by 37% from the count…
Weekly Jobless Claims Posts Drop Ahead of Unemployment Data
We have had a slew of jobs data ahead of Friday’s key employment situation from the Department of Labor. After ADP showed a very surprising larger jump in its payrolls projection for August, now…
ADP’s August Payrolls Data Looks Like a Shocker
Automatic Data Processing Inc. (NASDAQ: ADP) has stunned the markets with its projected private payrolls gains this morning. The number is meant to preempt the official Labor Department’s report on the employment situation due…
French Economy Starts to Fall Apart
France’s National Institute of Statistics and Economic Studies (Insee) reported that the country’s unemployment rate reached a 13-year high in the second quarter, and that does not include a group often discussed when U.S. jobless figures are…
Full Employment & Jobs Report Expectations For This Packed Week
Many investors, traders, and speculators may just be coming back from their holiday or a long weekend, but this week is the first trading week of the month and that brings up many key…