In today’s job market, even the most qualified employees are getting laid off, since companies have to cut costs. Job security is a major issue, and something you should take into consideration when looking for a new job. You don’t want to leave your current job for a better job only to be laid off [...]
job loss
The Department of Labor reported this morning that the number of layoffs slowed to a net total of 247,000 jobs lost in July — the fewest layoffs in a year and significantly less than the 320,000 that analysts were predicting. The unemployment rate also declined for the first time in 15 months by one-tenth of [...]
The economic recession took a turn for the worse last month, according to a Labor Department report released today. There was a net loss of 467,000 jobs in June, up from the 365,000 losses that economists were predicting. In May, the layoff rate had slowed significantly to 322,000 jobs lost. This month’ figures mark the [...]
As promised, the federal government has released the March unemployment numbers and I’ve got them for you. The highlights (or should I say lowlights): 663,000 jobs were cut last month, according to the Labor Department The national unemployment rate rose 0.4 percentage points to 8.5 % The number of unemployed combined with the underemployed is [...]
Early figures were released today indicating that private sector job loss rose in March to 742,000. Official tallies from the U.S. government will be released at the end of the week (and we’ll be sure to report on them), but the numbers coming out today from the payroll firm ADP indicate that the recession is [...]
The news hasn’t been good for weeks, but today America’s job market reached an all-time low. CNN reported this afternoon that 71,400 jobs were lost today. That’s the single highest job loss day since 1945. The companies affected include: – Catepillar, which is cutting 20,000 jobs – Drug-maker Pfizer, which is reducing its workforce by [...]
