Labor
Labor Articles
Today marks the ultimate backlash against the once unlimited and unprecedented growth of social media. News Corp. (NYSE: NWS) has announced in a press release that about 30% of the MySpace...
Published:
Last Updated:
Reuters: The US outlined new financial market reforms. Reuters: Obama lobbied MDs on his new healthcare package. Reuters: Russia hosted the first BRIC summit. Reuters: B of A’s...
Published:
Last Updated:
The Labor Department has released its new round of weekly jobless claims. The jobless claims filed last week came in 601,000, and Bloomberg showed the consensus estimate from economists as...
Published:
Last Updated:
Reuters: China must balance growth and reducing greenhouse gases. Reuters: The Supreme Court has delayed Chrysler’s Chapter 11. Reuters: The US will allow 10 banks to repay TARP funds....
Published:
Last Updated:
It is not too unusual for rumors to circulate that certain components of economic data contained errors or were just wrong in an instance where the actual number is so far off from expectations. ...
Published:
Last Updated:
We have gotten the unemployment and jobs data for the month of May from the Labor Department, and the data is very mixed on unofficial numbers. The report came in at 9.4% unemployment and the...
Published:
Last Updated:
There is a growing confidence among Chief Executive Officers. A report by Chief Executive magazine noted that there is another strong resurgence in May from responses by top executives. The...
Published:
Last Updated:
The Labor Department has just released its weekly jobless claims data at 621,000. The prior week’s reading was revised to 625,000 from a prior reading of 623,000. The consensus estimates from...
Published:
Last Updated:
ADP’s jobs data is showing an expected jobs decrease of some 532,000 for the month of May. The data for April also showed that the job losses were revised down to 545,000. The cuts were all over...
Published:
Last Updated:
This Friday is going to mark the highest rates of unemployment that many investors and many in our producing economy have seen in their professional lifetimes. The last time the real unemployment...
Published:
Last Updated:
The UAW under Walter Reuther was arguably the most powerful union in the United States negotiating contracts with all of The Big Three on what became a pre-set cycle. Reuther got union members the...
Published:
Last Updated:
Weekly Jobless Claims just came out from the Labor Department and the most recent data shows a drop of 13,000 on a revised basis to 623,000. The data from the week before was revised to 636,000...
Published:
Last Updated:
Reuters: GM (GM) is close to filing Chapter 11. Reuters: A poll of economists says the US recession will end soon followed by modest growth. Retuers: The mood of US consumers rose despite...
Published:
Last Updated:
The UAW took what it could get in its negotiations with GM (GM), and that was not much. The union will end up owning 17.5% of GM’s shares to fund retirement and pension obligations to it members....
Published:
Last Updated:
Reuters: Bears control the dollar because of concerns about the deficit and heal of the US economy. Reuters: Crunch time looms for the GM (GM) and Chrysler restructurings. Reuters: The US...
Published:
Last Updated: