The U.S. Senate passed a $35 billion jobs bill Wednesday that would give tax breaks to companies that hire the unemployed and would also extend highway and mass transit programs. The bill, which passed the Senate by a 70-28 vote, will be sent back to the House of Representatives, which has previously passed its own, [...]
Continue reading...Tuesday, February 23, 2010
According to a Gallup poll released Thursday almost 20% of Americans were underemployed as of January 2010. Americans reported that they struggled to support themselves and their families with reduced resources and negligible job options. Gallup estimated that 30 million Americans are underemployed, bleaker than official estimates (The Labor Department estimates that about 16% of Americans [...]
Continue reading...Wednesday, February 17, 2010
The Federal Reserve released estimates Wednesday projecting the unemployment rate to decrease only a minimal amount over the next few years. Among the figures were a range this year of 9.5% to 9.7% unemployment, a decline to 8.2% to 8.5% next year, and between 6.6% and 7.5% in 2012. A factor in creating these estimates, [...]
Continue reading...Tuesday, February 2, 2010
DST Systems Inc. will cut 760 jobs across all domestic and international business units to save $67 million a year in pre-tax operating costs. DST has also frozen hiring and management salaries. Based in Kansas City, DST provides information processing and computer software services and products. At the end of 2008 DST had 10,900 employees, [...]
Continue reading...Friday, January 29, 2010
Today before an audience of workers at a Baltimore machine plant President Obama proposed $33 billion in tax credits to encourage small businesses to hire additional employees. The proposal calls for a $5,000 tax credit for every net new worker hired in 2010. The amount would be capped at $500,000 per firm to ensure that [...]
Continue reading...Thursday, January 21, 2010
For the first time in six months, Oregon reported an increase in jobs added to the state economy. Oregon’s seasonally adjusted non farm payroll employment added 2,900 jobs in December after a loss of 2,000 jobs in the previous month. December marked the first time since July that the state gained jobs. The last substantial [...]
Continue reading...Thursday, January 21, 2010
Against economist’s predictions, U.S. jobless claims have risen in the past week. Initial jobless claims rose by 36,000 to 482,000 in the week ending January 16.This is the highest level in two months, up from 446,000 in the prior week, according to Labor Department figures revealed today. The jump in unemployment claims is due to [...]
Continue reading...Wednesday, January 20, 2010
In a report released by Challenger, Gray & Christmas, Inc. tech job layoffs increased by 12.3% in 2009. There is a glimmer of hope though. The firm said the layoffs slowed down in the second half of the year and that the tech sector will be the first to see the effects of an economic [...]
Continue reading...Tuesday, January 19, 2010
General Mills will create 60 new manufacturing jobs in their newly expanded Albuquerque, New Mexico facility. 90% of these jobs will be filled by local residents with an average starting salary of $42,000 a year. The current 273,000 square foot facility will expand to an additional 176,000 square feet and house two automated production lines. [...]
Continue reading...Tuesday, November 10, 2009
A new survey from the Labor Department says that job openings were up in September. Job openings were also up in August, making this the first two month increase since early 2007. This is good news for a struggling job market and many analysts are pointing to this as evidence that jobs are [...]
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Wednesday, February 24, 2010
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