ADP Signals All’s Well on Jobs
ADP is releasing February jobs creation showing that private sector added 216,000 jobs. Dow Jones was calling for 215,000 and Reuters was calling for 216,000. This is a good figure and it should tame…
Jobs
All Jobs Articles
Newest first · Page 81Small Business Sputters
Small business is supposed to be the most important engine of the jobs market. Many economists believe that companies with fewer than 20 workers account for more than half of all U.S. jobs. The small…
ISM: Services Economy Growing More Than Expected
The report for Non-Manufacturing data from the Institute of Supply Management, the ISM, is showing a hotter than expected reading. The full index came in 57.3 rather than the drop expected. Bloomberg and Dow…
What If Walmart Were Tesco?
Tesco (NASDAQ: TESO), the largest retailer in the UK, said it would add 20,000 jobs between now and 2014. It is the largest employer in the UK, with 270,000 workers. The move is an…
Jobless Claims, Personal Income & Spending Weigh on Unemployment
The data this morning from the Labor Department is not great news, but it is not awful news either. The weekly jobless claims came in 351,000 from a revised figure of 353,000 a week…
Bernanke Remains Cautiously Optimistic on Growth & Employment
Federal Reserve Chairman Ben Bernanke is delivering his semiannual Monetary Policy Report to the Congress before the Committee on Financial Services at the U.S. House of Representatives this morning. Bernanke is noting that…
Weekly Jobless Claims Trends Still Looking Better Than Worse
The U.S. Labor Department is out with its report on weekly jobless claims were unchanged after a revision higher the week before. That puts the claims for the last week at 351,000 and the…
Low Interest Rates Threatening Your Pension
Have you been wondering what these extremely low interest rates are doing to pension plans? Quite simply, they are driving up funding obligations of employers. Fitch Ratings issued a report noting that companies with…
Foxconn, Apple Supplier, Raises Worker Comp
The question will be is it enough?. After wide-spread consumer complaints about the manufacturing worker conditions at Apple (NASDAQ: AAPL) supplier Foxconn, and Apple’s alliance with watchdog Fair Labor Association, Foxconn has raised worker compensation. There…
Post Office Targets 155,000 Job Cuts
In a move meant to turn the Postal Service to a profit and turn its net debt into cash, the management of the agency proposes that 155,000 jobs be eliminated between this year and 2016…
Good News on Jobless Claims and Mixed Data on PPI
The Labor Department is out with two market-moving reports. The weekly Jobless Claims came in at very impressive levels compared to the past and the Producer Price Index looks a bit mixed between the…
The States with the Strongest and Weakest Unions
Overall union membership in the U.S. increased last year — the first time it did not decline since 2007. The story gets slightly complicated when comparing union membership in the private sector vs. the…
Weekly Jobless Claims Look Good, But With Underlying Mixed Data
The Labor Department has just given its newest report on Weekly Jobless Claims and the news is heading more and more in the right direction. The new rate is down to 358,000, and the…
Greece’s 15,000 Public Sector Layoffs Would Be 450,000 in the U.S.
The Greek ruling coalition has said it will cut 15,000 government workers as an austerity sacrifice to the European Commission, European Central Bank and International Monetary Fund. The “troika,” with Germany in the background,…
Solid Employment Gains Slashing Unemployment Ahead of Fed Schedule
There was a huge surprise from the Labor Department this morning to the upside. The non-farm payrolls grew by a whopping 243,000 and that was far higher than almost all economists were projecting and…