Strong Jobs Data Lowers Chances of Mandatory QE3
Today was J-DAY! Jobs Day. The report from the Labor Department indicated that in the month of July the unemployment rate ticked up to 8.3% from 8.2%. The big surprise came in the form…
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Newest first · Page 77Weekly Jobless Claims Foreshadows Unemployment and Payrolls Report
The Labor Department is out with its report on weekly jobless claims. What makes this report so important today is that this gives a final look at the official Labor Department data before the…
European Car Company Layoffs
Bloomberg reports that a car industry expert in Europe claims sales trouble due to the slow economy and vicious competition could cost 500,000 jobs within the sector. According to Bloomberg: The dismissals would follow…
ADP Payrolls Offers Large Boost for Friday’s Payrolls Data
The ADP p ayrolls projection for the month of July is going to act as a potential boost to the key unemployment and payrolls data due this Friday. ADP said that its…
Beyond FOMC, All Eyes on Slew of Payrolls & Employment Data
It is very likely that by the time Ben Bernanke and friends at the Federal Reserve make their Wednesday announcement on rates and on quantitative easing measures that the FOMC will have a very…
Deutsche Bank Firing up to 1,900 Wall Streeters
Deutsche Bank AG (NYSE: DB) is going to please Wall St., although perhaps not its investment professionals employed by the bank. The company is suffering lower losses, so to combat that it will be…
America’s Economically Lost Generation Is Not Lost
The Financial Times is the latest medium to point out that America may have an economically lost generation. “The jobless rate for Americans age 16 to 24 is above 16 per cent, more than twice the…
Eurozone Jobless Rate, Inflation Remain Unchanged
Numbers out of Eurostat, the statistical office of the European Union, Tuesday indicate that the eurozone’s seasonally adjusted unemployment rate remained at 11.2% in June 2012, unchanged from May’s upwardly revised figure. But that…
Big Drop in Weekly Jobless Claims … QE3 Killer?
The Labor Department is back to reporting volatile data on the weekly jobless claims. We saw in recent weeks a big drop and then a big gain. Now we have a drop of 35,000,…
Back to More Pain in Jobless Claims and Employment
The hope that the weekly jobless claims picture was getting better after last week’s surprise drop is being squashed. The Labor Department reported that weekly jobless claims rose back up into the danger zone…
Yahoo! Layoff Talk
Speculation has grown that the only effective way for Yahoo!’s (NASDAQ: YHOO) new CEO to improve the company’s prospects on Wall St. is to make another large round of employee cuts. In many analysts’…
Finally Some Good News on Weekly Jobless Claims, Import Prices Too!
The U.S. finally got some good news on the weekly jobless claims report from the U.S. Labor Department. Jobless claims fell in the last week down by 26,000 to 350,000. It is almost certain…
There Are 3.6 Million Job Openings In America!!!
Are job openings really just becoming impossible to fill? Unless you are referring to North Dakota, there should be an ample supply of willing and able-bodied workers that can be hired for an open job. …
Norway Ends Lockout Threat in North Sea Oil Fields
The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight last night. The labor…
Norway Prepares to Lockout Offshore Oil Field Workers
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers will be affected and…