AT&T (NYSE: T) cannot fire workers it does not want. Sony (NYSE: SNE) easily can fire its unwanted workers. Leverage is at the heart of employee power, now that the recession has ended and companies do not…
The US economy added only 120,000 jobs in March–a huge disappointment. Most consensus forecasts were for 210,000. There had been a concern that improved hiring over the last five months would need to pause.…
The U.S. Labor Department is out with its report on weekly jobless claims for the prior week. Today’s report is unlikely to change the unemployment and payrolls projections due tomorrow. The newest report on weekly jobless…
The Institute for Supply Management is out with its latest report on the services economy. The non-manufacturing data for the month of March 2012 showed that economic activity in the non-manufacturing sector posted its…
Yahoo.comYahoo! Inc. (NASDAQ: YHOO) has confirmed the big secret that most financial and employment readers already knew was coming soon. The layoffs have been confirmed. Yahoo! is talking about reshaping the company for the…
ADP says private firms added 209,000 workers last month. The market was disappointed that the number was not better, but at least job growth is a regular part of the economy now. It tends…
TrimTabs Investment Research has released its March employment data showing that the United States added 187,000 jobs in March. This is above the 172,000 average of each of the prior three months, but it…
The reason for high unemployment figures in the US and the chance they will improve have been based on two opposing theories. The first is that jobs were lost because of the recession. The…
A report at The Wall Street Journal’s All Things Digital blog, cites several sources confirming that Yahoo! Inc. (NASDAQ: YHOO) will begin firing workers next week. The company employs about 14,000 people, and the…
The Fair Labor Association found problems at three plants run by Apple (NASDAQ: AAPL) supplier Foxconn. Oddly enough, these come as Apple CEO Tim Cook visits China where the plants are based. The Fair Labor…
The Labor Department’s report on weekly jobless claims is out and the report showed a drop of 5,000 to 359,000 for the prior week. Bloomberg had estimates of 350,000 and Dow Jones was calling…
Federal Reserve Chairman Ben Bernanke is giving a speech at the National Association for Business Economics Annual Conference in Washington, D.C. titled simply “Recent Developments in the Labor Market.” Mr. Bernanke is talking about…
The Labor Department’s reports on weekly jobless claims and producer prices are out and mostly in-line with expectations. Claims came in with a drop of 14,000 to 351,000 and the prior week was revised to…
Market participants now have the awaited data from the U.S. Labor Department on February unemployment and payrolls. The official unemployment rate came in at 8.3%. The target from Bloomberg and other sources on the…
The U.S. Labor Department is out with its weekly jobless claims and this is effectively the last-look figure before Friday’s key unemployment and non-farm payrolls data. Jobless claims rose by 8,000 to 362,000. The…