23 states saw an increase in their jobless rate last month. 43 states lost jobs in September while only 7 states saw an increase. Because the unemployment rate does not count long term unemployed who have stopped looking for work, several states lost jobs but saw a drop in the unemployment figures anyway. Nevada [...]
Continue reading...Saturday, April 18, 2009
California’s unemployment rate skyrocketed to 11.2% in March, the highest since before World War II. The national rate was 8.5%. The Employment Development Department says 2.1 million Californians are out of work. The state lost 62,100 jobs in March; and 637,400 jobs since March 2008. Experts say the unusually high rate is related to the state’s dependence [...]
Continue reading...Tuesday, March 3, 2009
Gazillionaire Warren Buffett’s Berkshire Hathaway cut staff last year in half of its operating units, and says more job cuts are coming. The deepest cuts came in businesses tied closely to the housing market. Clayton Homes, a manufacturing housing unit, eliminated 2,290 jobs, or 16%, to end the year with 11,998 workers. Carpeting maker Shaw Industries [...]
Continue reading...Friday, January 23, 2009
Fannie Mae, the mortgage-finance company now under direct Federal control, cut several hundred jobs today at its Washington headquarters as it adds workers elsewhere to combat rising foreclosures. The largest US mortgage finance company will add about as many employees to its loss-mitigation team in Dallas. The company has about 5,500 employees. The job reductions in Washington [...]
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Wednesday, October 21, 2009
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