As Kraft Foods Inc. (KFT) moves ahead with its spin-off plan, the company plans to slash the jobs of about 1,600 employees in North America in the year 2012. According to Kraft, the move was imperative for the smooth running of its businesses. The company also projects higher profits than its earlier forecast for the [...]
The Automatic Data Processing (ADP) employment survey was stronger than expected in October. It shows that private sector employment rose by 110,000, above consensus expectations for a 100,000 increase. The September numbers were revised up to a gain of 116,000 jobs from the initial report of a 91,000 gain. On average, the ADP report does [...]
Amid Skepticism, Obama Prepares For Jobs Speech
The president’s jobs proposal is expected to include a combination of new and extended tax cuts, new spending on public works projects, and assistance for those who’ve been out of work a long time. But he’s dogged by the controversy that surrounds his early stimulus effort.
What New Jobs Fix Will Obama Propose Tonight?
President Obama, in a joint session of Congress Thursday night, will announce his plan to get more Americans working. David Greene speaks to David Wessel of The Wall Street Journal about the challenges Obama faces promoting a jobs program and reviving the economy.
Jobs outlook not pretty this Labor Day
Sylvia Allegretto, labor economist, Center on Wage and Employment Dynamics
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California stems jobs loss; rate still 12.4%
The economy added 39,000 jobs in October after losing 53,600 in September. Hiring was spread across sectors as diverse as government and leisure and hospitality
Fears grow over length of US jobs crisis
President Barack Obama will get his latest jobs report card Friday, with economists warning painfully high levels of US unemployment will not end any time soon.
(Reuters) – A surprise surge in private-sector employment last month for its biggest-ever rise in a private payrolls report provided the most bullish signal in months that the economy is on the mend. Read the full story HERE.