Jobless Claims In U.S. Hovered Last Week Near 2012 High
The number of applications for unemployment benefits hovered last week near the highest level of the year, showing little improvement in the U.S. labor market.The post Jobless Claims In U.S. Hovered...
View ArticleOECD sees no end to jobs crisis as economy struggles
Unemployment in advanced economies will remain high until at least the end of 2013The post OECD sees no end to jobs crisis as economy struggles appeared first on The Wall Street Job Report.
View ArticleThe Best Paying Jobs Of The Future
The U.S. unemployment rate peaked at 10% in October 2009 and has since slowly improved, flirting with 8% earlier this month. Despite the downward trend, the rate is still more than double prerecession...
View ArticleFederal Jobs Program Falters
Here’s some more shocking news on the jobs front: a new federal program that enables states to offer companies “financial incentives” for hiring jobless people hasn’t gained traction. The Wall Street...
View ArticleInitial Jobless Claims in U.S. Increase From Two-Month Low
The number of Americans filing first- time claims for unemployment insurance payments rose last week, highlighting an uneven improvement in the labor market.The post Initial Jobless Claims in U.S....
View ArticleLittle Federal Help for the Long-Term Unemployed
In the economy-focused presidential campaign, the two candidates and their teams have scarcely mentioned what economists describe as not just one of the labor market’s most pressing problems, but the...
View ArticleSuperstorm Boosts Jobless Claims, Hits Factories
Superstorm Sandy drove a surge in new claims for jobless benefits last week and hurt factory activity in the mid-Atlantic region in NovemberThe post Superstorm Boosts Jobless Claims, Hits Factories...
View ArticleUnemployment claims spiked 33% after Sandy
The number of New Yorkers seeking unemployment benefits jumped by 46,000—or approximately 33%—in the week following Superstorm Sandy when many workers were stranded at home and businesses closed.The...
View ArticleING Eyes Additional Cuts, Extends Overhaul
Dutch bank ING (ING) does not foresee an immediate improvement to the global economic environment and said Monday that it is eyeing more cost-cutting measures as part of an extended overhaul.The post...
View ArticleMorgan Stanley to Cut Jobs, May Signal More Pain Ahead
Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in...
View ArticleHey Wall Street, Get Ready for More Layoffs
Wall Streeters better dust off their resumes. Layoffs are coming. The post Hey Wall Street, Get Ready for More Layoffs appeared first on The Wall Street Job Report.
View ArticleMorgan Stanley Says 360 Job Cuts to Be in New York City Offices
Morgan Stanley (MS), which is slashing 1,600 jobs from its investment bank and support staff, said 360 cuts are coming from its New York City offices.The post Morgan Stanley Says 360 Job Cuts to Be in...
View ArticleThe U.K.’s Financial Industry Will Cut 43,000 Jobs
The U.K.’s financial industry will lose 43,000 jobs in six months, according to a forecast from the Confederation of British Industry, as companies shrink and reduce costs.The post The U.K.’s Financial...
View ArticleBarclays Cuts Up to 12,000 Jobs as Quarterly Profit Falls
Barclays Plc (BARC), the U.K.’s second-biggest bank by assets, will eliminate as many as 12,000 jobs this year, including more than 800 senior bankers, after fourth-quarter profit tumbled. About 7,000...
View ArticleThe Cities Stealing Jobs From Wall Street
When we think about American finance, the default image is of a pinstriped banker on Wall Street. But increasingly financial services is shifting away from the traditional bastions of money. In an...
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