It's appropriate, as we head into a long holiday weekend to celebrate America's independence, that the dollar rallied a bit Thursday.
Employers trimmed jobs from their payrolls in June for the sixth straight month, as the government's closely watched report Thursday showed continued weakness in the labor market.
Economists are forecasting that the unemployment rate retreated slightly in June after May's big spike. But few believe that is a sign that the battered labor market is at or even near the bottom.
American Airlines says it could cut 900 flight attendant jobs as it reduces flights to cope with record-high fuel costs.
Today's troubles in the U.S. economy and labor market could very well turn out to be a lucky break for the next president, no matter who is elected.
The latest hit to the economy could come from state houses and city halls across the nation, which are in their worst budget crisis in years.
The number of newly laid-off workers filing applications for unemployment benefits dropped slightly last week but remained at a level showing the strains of a weak economy.
Newspaper publisher McClatchy Co. is slashing 1,400 jobs, or 10 percent of its work force, as part of an accelerating drive to cut costs as advertising revenues dwindle, the company announced Monday
A measure to extend unemployment benefits from 26 weeks to 39 weeks passed the House on a second try Thursday but the bill still faces numerous hurdles.
The House passed a bill extending unemployment benefits by 13 weeks Thursday, but a presidential veto threat makes its final passage uncertain.
It's appropriate, as we head into a long holiday weekend to celebrate America's independence, that the dollar rallied a bit Thursday.
Employers trimmed jobs from their payrolls in June for the sixth straight month, as the government's closely watched report Thursday showed continued weakness in the labor market.
Economists are forecasting that the unemployment rate retreated slightly in June after May's big spike. But few believe that is a sign that the battered labor market is at or even near the bottom.
American Airlines says it could cut 900 flight attendant jobs as it reduces flights to cope with record-high fuel costs.
Today's troubles in the U.S. economy and labor market could very well turn out to be a lucky break for the next president, no matter who is elected.
The latest hit to the economy could come from state houses and city halls across the nation, which are in their worst budget crisis in years.
The number of newly laid-off workers filing applications for unemployment benefits dropped slightly last week but remained at a level showing the strains of a weak economy.
Newspaper publisher McClatchy Co. is slashing 1,400 jobs, or 10 percent of its work force, as part of an accelerating drive to cut costs as advertising revenues dwindle, the company announced Monday
A measure to extend unemployment benefits from 26 weeks to 39 weeks passed the House on a second try Thursday but the bill still faces numerous hurdles.
The House passed a bill extending unemployment benefits by 13 weeks Thursday, but a presidential veto threat makes its final passage uncertain.
Amid an ever worsening jobs picture, House lawmakers have approved a measure Thursday to extend unemployment benefits.
Democrats will try again Thursday to pass a bill extending unemployment benefits after it fell three votes short of a needed two-thirds majority on Wednesday.
A measure to extend unemployment benefits from 26 weeks to 39 weeks failed in the House on Wednesday, but the issue is likely to persist.
On the first day of what is to be a two-week economic tour around the country, Barack Obama said Monday that lawmakers should inject another $50 billion immediately into the sluggish U.S. economy.
Unemployment is likely to continue to rise as companies cut more jobs, according to a new index from a respected business research group released Monday.
A spike in the unemployment rate - the biggest in more than two decades - raised new concerns Friday that a weak labor outlook, high oil prices and continuing woes in the housing and credit markets are leading the U.S. economy into a painful recession.
The dismal jobs report on Friday has prompted renewed calls for a second congressional effort to stimulate the economy.
Wall Street has plunged, with the Dow Jones industrials closing down more than 400 points, after oil prices shot higher and neared $140 for the first time
The government reports the nation's unemployment rate jumped to 5.5% in May -- the biggest monthly rise since 1986
The labor market was having enough trouble so far this year.
The number of newly laid off workers filing for unemployment benefits unexpectedly fell last week to the lowest level in a month
Initial claims for unemployment benefits fell last week, a Labor Department report issued Thursday showed.
Too young to retire, too old to get a new job. That's how many older workers are feeling these days.
Some of the worst economic conditions in the country are where John McCain can least afford them - in electoral battleground states crucial to Republicans' chances of hanging onto the White House.
The number of newly laid off workers applying for unemployment benefits rose slightly last week, indicating the weak economy was still weighing on the job market.
New filings for unemployment claims fell more than expected in the latest week, according to a government report released Thursday.
Stocks futures pointed to a very positive open early Friday, after a government report painted an unexpected upbeat picture of the labor market.
As the U.S. economy sheds jobs, concern is growing over competition between native-born and foreign-born workers.
As disappointing quarterly results come pouring in, companies trying to boost profitability are looking to cut costs in a tried-and-true way: cutting tens of thousands of jobs.
Democratic leaders are signaling that they will launch a spring offensive on the economy by pushing for measures aimed at creating jobs and providing relief for Americans struggling financially.
New filings for unemployment claims retreated last week after a one-week spike, according to a government report released Thursday.
Janet Edwards, a professional shopper for the U.S. Government, strolls the supermarket produce aisle, blending in with "civilian shoppers."
You may think your job is safe. But you still may not be spared the pain resulting from the weak labor market.
Bonds closed higher Friday after a disappointing report on the U.S. job market raised fears that the economy is in a recession.
U.S. employers slashed jobs for the third straight month in March and unemployment rose to a nearly three-year high, offering the latest signs that the economy has fallen into a recession.
Employers buffeted by talk of recession slashed 80,000 jobs in March, the most in five years and the third straight month of losses
The job market is in sorry shape. And that's going to make the Federal Reserve's job a lot harder.
An unemployment rate at 5% used to be called full employment. Today it's considered the sign of a recession.
New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday.
Stocks teetered then fell after Federal Reserve Chairman Ben Bernanke said a U.S. recession was a possibility in a Congressional hearing Wednesday.
Wednesday's employment report shows why policymakers continue to tread carefully when discussing the state of the economy.
In a surprising flash of good news for the U.S. economy, businesses added jobs in March, according to a survey of private sector employers released Wednesday.
New filings for unemployment claims fell last week, according to a report released Thursday by the Labor Department.
New filings for unemployment claims rose more than expected last week, matching the highest level since 2005, according to a report released Thursday by the Labor Department.
There's already been a wave of layoffs on Wall Street this year, and the Bear Stearns buyout could trigger another round of pink slips.
Employers made their deepest cut in staffing in almost five years in February, the Labor Department reported Friday.
New filings for unemployment claims held steady in the latest week but continuing claims remained elevated, according to a government report released Thursday.
Job losses are the worst in five years. If you've found yourself with a pink slip, or you're worried you might get one, here's what you need to know about your unemployment check.
If you want to know what's going to happen to the labor market, don't ask an economist - ask your neighbor or co-worker.
New filings for unemployment claims dropped more than expected in the latest week, while continuing claims rose, painting a mixed picture of the labor market.
Readings on worker productivity and labor costs in the final three months of 2007 were both revised higher, according to a government report Wednesday.
February was another bad month for jobs as two key employment reports showed more signs of labor weakness Wednesday.
Location is everything, according to the real estate adage. Many people learn the wisdom of these words after they move into their first apartment on a tight budget and have a view of a landfill and the smells that come from it.
If you've rewritten that résumé several times and sent out dozens of applications but your job search still shows no promise, you might not be the problem.
Job cuts increased 69% in January from the previous month, as the U.S. economy continues to struggle amid a housing and credit slump, according to a survey released Monday by a consulting firm.
Employers trimmed jobs from their payrolls in January, according to a government jobs report Friday that showed the first decline in employment in four years. That raised new concerns about the risk of recession for the weakening U.S. economy.
Ahead of Friday's January employment report, there is a lot of concern about the weakening job market, even as the unemployment rate stands at a relatively modest 5%.
Stocks tanked Friday, with the Dow shedding over 250 points, after a weaker-than-expected December jobs report exacerbated recession fears.
Stocks tanked Friday afternoon, with the Dow shedding over 200 points, after a weaker-than-expected December jobs report exacerbated worries that the economy may be falling into recession.
The labor market is expected to end 2007 with a whimper, but even that modest forecast could be seen as "the good old days," since monthly job losses may become common in the year ahead, according to economists.
Corporate profitability and the weak dollar in 2007 may have staved off job cuts in non-financial sectors, but big-name banks could announce more major layoffs this year, according to a report Thursday.
It's been a rough 2007 for Big Pharma workers. Crippled by mounting competition and slowing pipelines, the country's largest drugmakers have announced plans to shed a record number of jobs this year - more than 30,000 at last count - that are unlikely to ever return.
Economists aren't worried about job losses any longer, but sluggish growth looks like it's here to stay.
To hear environmentalists tell it, investing in renewable energy won't just provide a clean source of power, it will create an explosion of new jobs.
Job growth was back on track in September, according to a government report that showed a rebound in hiring by U.S. employers and revised away an earlier job loss that had triggered alarms about the economy.
Stocks were headed for a positive open after an in-line jobs report showed growth was back on track for September and suggested that the Federal Reserve may cut rates in the near future.
The big and unexpected job loss in August shook economists and investors, and while the September report due Friday is expected to show a hiring rebound, job seekers should still be nervous.
Bank of America Corp. will lay off about 2,500 employees in Illinois during the next two years as part of its planned $21 billion purchase of Chicago's LaSalle Bank Corp., a spokesman said.
The number of laid-off workers filing claims for unemployment benefits fell to the lowest level in seven weeks, an unexpected sign of improvement for the job market.
The number of laid-off workers filing claims for unemployment benefits rose last week in another worrisome sign that the labor market is weakening.
U.S. stocks were poised for a lower open Friday as investors saw a net loss of jobs in August.
The monthly jobs report is always among the most anticipated economic readings. But the August report, to be released Friday morning, will get particularly close attention as investors are hoping for weak job numbers since that could convince the Federal Reserve to cut interest rates later this month.
Worker productivity rebounded, growing at the fastest pace in nearly two years in the spring while wage pressures eased sharply, developments that should reduce inflation worries.
The number of workers filing for unemployment benefits for the first time unexpectedly rose last week.
In another sign of how dire the subprime mess has become, mortgage lenders shed about 18,000 jobs this month, according to one estimate.
The number of U.S. workers filing new claims for jobless aid fell by 2,000 last week, government data showed Thursday, while the number of people still collecting benefits rose to its highest since April.
Troubled mortgage lender Countrywide Financial Corp. has started laying off employees in an effort to cut costs as it faces a credit crunch, according to a report published Monday.
If you're over 50 and unemployed, you already know how difficult it can be to land a new job. But there are some ways you can position yourself to get back on the career fast track.
Job cuts have begun at Bear Stearns and that could mark the start of a broader wave of layoffs across Wall Street as firms survey the damage caused by the recent downturn in financial markets.
The number of U.S. workers signing up for jobless benefits rose unexpectedly to 322,000 last week, the highest level in two months but still pointing to a steady job market, Labor Department data on Thursday showed.
The number of U.S. workers applying for jobless benefits rose by 7,000 last week to a level slightly higher than expected but still underscoring steady labor market conditions, government data released Thursday showed.
New applications for U.S. jobless benefits rose by 4,000 last week, government data showed Thursday, underscoring continued strength in the labor market.
Planned U.S. lay-offs fell 23 percent in July to the lowest in 12 months, but cuts in the transportation and electronic industries were the most in more than a year, an independent report showed Wednesday.
Planned U.S. layoffs fell 23 percent in July to the lowest in 12 months, according to one survey released Wednesday, but a separate reading showed relatively modest gains in private sector employment in the month due to cutbacks in manufacturing and construction.
The number of new claims filed for U.S. jobless benefits fell unexpectedly in the latest week, dropping 2,000 to the lowest in more than two months, the government said Thursday.
Initial claims for jobless benefits fell to their lowest level in two months last week, but a forward-looking indicator of economic activity suggests cooler growth in the second half of 2007, according to reports on Thursday.
Planned U.S. layoffs fell 22 percent in June from May, as manufacturing showed the need for more workers than in the same month last year, an independent report showed Thursday.
Motorola said Thursday it expects to incur a net pretax charge of $101 million in the second quarter in connection with its previously announced work-force reductions.
Amidst a sub-par economic performance and slowing in productivity, employers remain cautious, but optimistic, in their recruitment plans for the third quarter.
The number of U.S. workers filing initial claims for jobless aid rose 10,000 last week to the highest level in nearly two months, government data showed Thursday.
Treasury prices extended losses Thursday after a higher-than-expected reading on factory activity in the U.S. Mid-Atlantic region for May.
The last time the U.S. economy had job growth this weak, the Fed funds rate was only 2 percent, well under half its current level.
The great American hiring boom is slowing down--but as labor cools with the rest of the economy, a few choice regions will stay red-hot. You just have to know where to look.
Business 2.0 Magazine highlights the cities with the highest job-growth rates for college-educated tech and business professionals.
Robert Youngjohns has a problem that most CEOs would envy. His company, San Jose-based Callidus Software, is expanding so fast he can't find enough workers to fill all the job openings.
Bond prices were little changed Thursday after February import prices and jobless claims came in higher than expected, suggesting a softening economy. The dollar weakened against the euro and the yen.
Bond prices tumbled Friday after a key jobs report came in stronger than most economists had expected, igniting fears of a pickup in inflation, though stock investors will have to wait until Monday to react to the numbers.
The dollar fell to a two-year low against the euro Thursday, a day before the government is due to release an employment report that could shed light on the future course of interest rates.
Treasury bond prices eased Thursday after the release of a revised gross domestic product number showed that the economy grew more than economists expected in the fourth quarter.
A majority of American employers plan to show some restraint when it comes to hiring this spring, according to a survey published Tuesday.
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