Labor
Labor Articles
The engagement has become hand-to-hand as the fight to see who will make it out of the rubble of the GM (GM) restructuring comes to a close. The most recent development is that the car company’s...
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There may be some good news on the jobless claims front. We saw a drop of 53,000 on the weekly jobless claims. The new number was ‘only’ 610,000 for the week. This would have been awful in...
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The weekly jobless claims is still a dismal reading. Thankfully, it was just a tad less dismal than before. The new drop came in at -20,000 from 674,000 to 654,000. The expected drop was...
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Microturbine maker Capstone Turbine Corporation (NASDAQ:CPST) has announced that it will eliminate an additional 22 professional positions as it continues to reduce expenses. Capstone fired 19...
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Citing low demand for aluminum, Rio Tinto plc (NYSE:RTP) has cut more than 700 jobs at its Australian mines. The company also plans to slow the expansion project at one mine by nearly 23% to 15...
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Did you think that American International Group Inc. (NYSE: AIG) was a cluster-something on the bonus front? The ‘retention’ bonuses of some $210 million that Fannie Mae (NYSE: FNM) and Freddie...
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Unemployment is said to be a lagging indicator. Even if we had not been calling for higher rates than this for quite some time, the data on employment is bad enough that you have to wonder just how...
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The poor employment data from yesterday is being echoed this morning. The weekly jobless claims from the Labor Department came in at 669,000, which is a gain of 12,000 from the revised week...
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This year’s first G-20, or the Group of Twenty, meeting being held in the United Kingdom is getting more coverage than perhaps any other recent G-20 meeting. These are historic times. President...
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KLA-Tencor Corporation (NASDAQ: KLAC) is the second largest US-based semiconductor cap-ex stock by market cap, or at least out of the go-to universe we track with Applied Materials (NASDAQ: AMAT)...
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IBM (IBM) will fire or is firing 5,000 US workers. The press has several reports describing how the functions of these people will be replaced. Workers in India will probably end up doing much of the...
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American International Group Inc. (NYSE: AIG) looks to be in the soup again. Reports of two top executives in Paris quitting the firm may leave AIG with a big black hole that could end up...
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The jobs data is not getting better yet. This last week’s jobless claims increased by an adjusted 8,000 to 652,000 in the March 21 week. Last week’s jobless claims were revised to 644,000. ...
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There was actually a drop in the jobless claims numbers this week. The new weekly data from the Labor Department came in at 646,000, down 12,000 fro the week before. The prior week’s jobless...
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We just got the latest round of weekly jobless claims, and it is still a worker bloodbath out there. This last week’s figure was put at 654,000. Economists had project a reading of 645,000 and...
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