Jobless Army Contracts Again
The Labor Department has released its weekly jobless claims data. The number came in slightly better than estimates, but the jobless claims did rise. The gain was 30,000 to 554,000 in the last week. …
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Newest first · Page 97Jobless Claims Drifting To More Acceptable Levels
The weekly jobless claims data is out and we have a second week of coming below that 600,000 mark. The new figure is down 47,000 to a level of 522,000. The reading of 565,000…
Cisco Clarifies Layoff Report (CSCO)
There have been many reports today regarding the Thomas Weisel call for more layoffs out of Cisco Systems Inc. (NASDAQ: CSCO), which was never really clear or certain if the layoffs were new or…
Is Cisco Having More Layoffs? (CSCO)
Cisco Systems, Inc. (NASDAQ: CSCO) may be back to conducting layoffs. A report from Thomas Weisel says that Cisco is in the process of cutting another 1,500 to 2,000 workers as it looks to…
The Sub-600K Jobless Numbers Arrive, With a Thud
The Labor Department has just released its latest round of weekly jobless claims. This was a huge reduction to a level that is finally under 600,000. The number came in at a revised -52,000,…
Misguided Optimism in Double-Digit Unemployment Rates
The Labor Department has a slew of data on the employment front this morning. Actually, it is the unemployment front. The data for unemployment in June showed a rate of 9.5%. The bad news…
ADP Fails To Cure Unemployment Fears
The ADP national employment report for June is often considered a prelude to the tone of the following day’s real unemployment report from the Labor Department. The ADP report for June is out at…
Online Job Hunting Still No Cure for the Unemployed
This morning came a report from the Conference Board that is the new version of the old “Help Wanted” Index. There is still a gain in online job postings since March of 35,000, but…
The Jobless Double-Dip
The Labor Department has released its latest data on weekly jobless claims. The figure came in at 627,000, a gain of 15,000. We had a Dow Jones consensus looking for 605,000 and Bloomberg had…
The Boston Globe Will Stay Open, For Now (NYT)
The New York Times (NYT) and the largest union at The Boston Globe have reached an agreement that will almost certainly keep the paper operating, but that could change sometime next year. The Times…
Green Shoots In Weekly Jobs Data, Sort Of
There have been hopes, over and over, that the jobs data would get better. Or at least less-bad as we have been discussing for about 3 or 4 months when the data started looking…
Social Media Reality Check: MySpace Dumps 30% of Staff (NWS)
Today marks the ultimate backlash against the once unlimited and unprecedented growth of social media. News Corp. (NYSE: NWS) has announced in a press release that about 30% of the MySpace employees are being…
Continuing Jobless Claims Approaches 7 Million
The Labor Department has released its new round of weekly jobless claims. The jobless claims filed last week came in 601,000, and Bloomberg showed the consensus estimate from economists as 625,000. We had an…
BLS Denies Rumors of Payrolls Data Errors
It is not too unusual for rumors to circulate that certain components of economic data contained errors or were just wrong in an instance where the actual number is so far off from expectations. …
Non-Farm Payrolls Trump Unemployment for Market Blast Off
We have gotten the unemployment and jobs data for the month of May from the Labor Department, and the data is very mixed on unofficial numbers. The report came in at 9.4% unemployment and…