jobs

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Unemployment Drops to 7.8%, 114K Jobs Added
Unemployment at 7.8%, Lowest in Obama's Term
jobs report
Oct 5, 2012 7:56 AM CDT

Unemployment at 7.8%, Lowest in Obama's Term

Rate drops as nation adds a so-so 114,000 jobs

(Newser) - The unemployment rate dropped to 7.8% last month, its lowest level since January 2009—meaning it's now officially lower than it was when President Obama took office, the Wall Street Journal reports. Today's jobs report also shows that 114,000 jobs were added; consensus had been 118,...

Jobs Are Being Created — in Fast Food

Cheap eateries are hiring, but they're not paying much

(Newser) - Next time you read a report about how many jobs the economy has added, remember that not all of them are good jobs. Food services accounted for nearly 30% of the jobs created in August, Bloomberg reports, and most of that growth is coming from fast-food chains like Wendy's...

Survey: US Added 162K Jobs in Sept.

Estimate is lower than August's figure of 189K

(Newser) - A private survey shows that US businesses hired fewer workers in September than in August, a sign that slow growth may be holding back hiring. Payroll processor ADP says companies added 162,000 jobs last month. That's below August's total of 189,000, which was revised lower. The...

Unemployment Falls to 8.1%, But...

...just 96K jobs added, which the 'WSJ' calls 'terrible'

(Newser) - The unemployment rate dropped to 8.1% last month, but just 96,000 jobs were added—a number well below expectations , and one that the Wall Street Journal calls "terrible." (It also, somewhat amusingly, says it's time to "cue the sad trombone" and urges you to...

New US Jobs Pay Less Than Those Lost
 New US Jobs 
 Pay Less Than 
 Those Lost 
study says
Aug 31, 2012 11:43 AM CDT

New US Jobs Pay Less Than Those Lost

We're suffering 'good jobs' deficit: analyst

(Newser) - Yes, the economy's been adding jobs—but they don't match the pay of jobs that disappeared starting in 2008, a study by a liberal activist group finds. Some 60% of jobs lost between 2008 and 2010 were in the middle third of wages; these included jobs like manufacturing,...

Unemployment Rises to 8.3%
 Unemployment Rises to 8.3% 
Aug 3, 2012 7:46 AM CDT

Unemployment Rises to 8.3%

Economy added 163K jobs in July

(Newser) - The good news: The economy added 163,000 jobs last month, which the AP calls a "hopeful sign" considering how slow the past three months of hiring have been. That makes July the best month of hiring since February. But in adding an average of 151,000 jobs a...

Cisco Slashing 1.3K Jobs

 Cisco Slashing 1.3K Jobs 
Jul 24, 2012 2:40 AM CDT

Cisco Slashing 1.3K Jobs

Tech company shares down 11% this year

(Newser) - As Cisco Systems continues to struggle, the computer-networking equipment maker plans to cut 2% of its workforce—around 1,300 jobs. Profits are down and shares fell 11% this year thanks in part to Europe's financial crisis and slower spending by corporate customers, Bloomberg notes. And an analyst says...

80% of New Jobs Since 2009 Have Gone to Men

More men moving into retail sector

(Newser) - Men were hit hardest by job losses during the recession, but they have been way ahead of women in landing newly created jobs since the downturn officially ended in June 2009, the Los Angeles Times finds. Some 80% of the 2.9 million jobs created over the last three years...

Left to Obama: You Outsourced Jobs, Too

Advocates say he hasn't lived up to his campaign promises

(Newser) - President Obama's attack ads have been skewering Mitt Romney for sending jobs overseas with Bain Capital, but some labor activists aren't all that thrilled with Obama's own outsourcing record, the Washington Post reports. Obama promised tax reforms that would eliminate incentives for moving companies overseas, but they...

Best Buy Cans 650 Geek Squad Employees

Company says it's 'evolving in-home support'

(Newser) - Best Buy is axing 650 members of its Geek Squad, the group of repair specialists that travels to people's homes to fix their electronics. The retailer isn't doing away with its repair service entirely, though; those getting the boot will be Geeks who serviced appliances and televisions. "...

Just 80K New Jobs: Unemployment Sticks at 8.2%

June jobs report bad news for Obama

(Newser) - Experts had estimated 100,000 new jobs last month, but the June jobs report shows just 80,000 added, the Wall Street Journal reports. The unemployment rate remained unchanged at 8.2%—and neither number is good news for President Obama. Even 100,000 new jobs would have been "...

Dow Plummets 200+ Points
 Dow Plummets 200+ Points 
Jun 1, 2012 10:07 AM CDT

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for...

Unemployment Back Up to 8.2%
 Unemployment Back Up to 8.2% 
Jun 1, 2012 7:39 AM CDT

Unemployment Back Up to 8.2%

And US employers added just 69K jobs

(Newser) - Today's jobs report brings very unwelcome news: US employers added just 69,000 jobs last month, the lowest number in a year, and the unemployment rate ticked up to 8.2% from April's 8.1%, the first increase in 11 months. The Labor Department also had grim news...

20K Apply for 877 Hyundai Jobs in Alabama

Some 7K may get interviews

(Newser) - A sobering reminder of continuing unemployment: There are 877 jobs available at an Alabama Hyundai plant—and almost 20,000 people had applied for them by early last week. The number of applications forced the plant to stop accepting applications May 18, weeks before the June 2 due date. Now...

Factory Jobs Moving Overseas—From China to US

It's a slow trickle, but some companies are 'reshoring'

(Newser) - Manufacturing jobs are on the move, and this time, they're headed to the US. More and more companies are "reshoring" parts of their operations, bringing a steady trickle of jobs from Chinese plants to American ones, the Wall Street Journal reports. With the dollar dropping, and Asian wages...

How to Get a Job: Stay Positive for Months

Upbeat job seekers see good results in 20-week study

(Newser) - If you're looking for a job, get ready to stick it out for four months—and keep up that can-do attitude. Researchers tracked the job search experiences of 177 unemployed subjects for 20 weeks and found that 72% of them got work, particularly those who maintained a good outlook....

Apple Has Killed a Half Million Jobs

BusinessInsider doubts Apple's job-creation claim

(Newser) - Accused of shipping American jobs overseas , Apple reacted by saying it has actually created US jobs— some 514,000 in fact . Now BusinessInsider takes a closer look at the numbers and finds that the tech behemoth has actually eliminated 490,570 positions, nearly the same amount it has created. Here'...

Unemployment Falls to 8.1%, but News Not All Good

Just 115K jobs added in April: jobs report

(Newser) - The unemployment rate fell to 8.1% in April, the lowest it’s been since January 2009, the Wall Street Journal reports. But that still gets an "ouch" from blogger Steven Russolillo since just 115,000 jobs were added, when as many as 168,000 had been expected. "...

The 13 Most Worthless Majors

Want a job? Avoid fine art, according to 'Daily Beast' list

(Newser) - Hey, college students: If your life plans include getting an actual job, you may want to avoid the stars of the Daily Beast 's "most useless" majors list. Majors are ranked in terms of employment, taking into account unemployment rates among recent and experienced grads, earnings, and likely...

More Than Half of College Grads Underemployed

For many, degree leads to low-paying jobs, or none at all

(Newser) - The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge, according to an analysis of government data...

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