Via Bloomberg … The U.S. lost more jobs than forecast in August and the unemployment rate climbed to a five- year high, heightening the risk that the economic slowdown will worsen. Payrolls fell by 84,000 in August, and revisions added another 58,000 to job losses for the prior two months, the Labor Department said today [...]
Entries Tagged as ‘Statistics’
August 28, 2008
Jobless claims ease for 3rd straight week
Via CNNmoney.com … The number of out-of-work Americans who signed up for jobless benefits fell for the third week in a row, matching economists’ expectations. The Department of Labor reported Thursday that initial filings for state jobless benefits decreased by 10,000 to a seasonally adjusted 425,000 in the week ended Aug. 23. That’s the fewest [...]
August 23, 2008
Nine Most Common Résumé Search Terms
Via savvysugar … Your mom’s advice to be yourself in any anxiety-inducing situation can certainly be applied to your job search, although not all applicants have been remembering the wise words of mom. A recent CareerBuilder survey found that half of hiring managers have caught a lie on a résumé and the fibs include things [...]
July 3, 2008
IT employment holds steady despite job losses in broader U.S. economy
Via TechRepublic … The U.S. economy lost 62,000 jobs in June for the sixth straight month of employment losses with an unemployment rate of 5.5 percent, but underneath the technology sector is holding up well, according to Labor Department statistics. What a difference a downturn makes. READ MORE >>
June 6, 2008
Unemployment soars to 5.5%
Via CNN.com … The unemployment rate took its biggest jump in more than two decades in May as employers once again cut jobs from U.S. payrolls, according to a government report Friday, showing a job market weaker than expected. The unemployment rate soared to 5.5% from only 5% in April. Economists surveyed by Briefing.com had [...]
May 29, 2008
Workers shifting to 4-day week to save gas
Via Reuters … When Ohio’s Kent State University offered custodial staff the option of working four days a week instead of five to cut commuting costs, most jumped at the chance, part of a U.S. trend aimed at combating soaring gasoline prices. “We offered it to 94 employees and 78 have taken us up on [...]
May 8, 2008
Jobless claims post sharp decline
Via Associated Press … The number of newly laid off workers seeking unemployment benefits dropped much more than expected last week. The Labor Department reported Thursday that applications for unemployment benefits fell to 365,000, a decline of 18,000 from the previous week. Economists had been looking for a much smaller decrease of around 5,000. READ MORE >>>
April 3, 2008
Service sector rebounds slightly
Via CNNMoney.com … A key index of business activity in the nation’s services industry rose unexpectedly in March, but the indicator remained below the level that shows growth in the sector. The Institute of Supply Management’s March report on businesses outside of the manufacturing sector rose to an index reading of 49.6 from 49.3 in [...]
April 3, 2008
Jobless claims: Highest since Katrina
Via CNNMoney.com … New filings for unemployment claims surged in the latest week to the highest level since September 2005, according to a government report released Thursday. The Labor Department said applications for unemployment benefits rose to 407,000 in the week ended March 29, up from a revised 369,000 claims in the previous week. READ [...]
March 7, 2008
Employers Slash Jobs by Most in 5 Years
WASHINGTON (AP) — Employers slashed 63,000 jobs in February, the most in five years and the starkest sign yet that the country is heading dangerously toward recession or is in one already. The Labor Department’s report, released Friday, also indicated that the nation’s unemployment rate dipped to 4.8 percent as hundreds of thousands of people [...]
