All Posts Tagged Tag: ‘Unemployment’

Switzerland $25 Minimum Wage Voted Against

Switzerland voted Sunday to reject a measure called the Decent Salary Initiative, that would establish a minimum wage of $4,515 per month in that country, with 76.3% of voters opposed to the idea. The proposed monthly minimum wage equates to roughly $25 per hour, which would be the highest in the world. Proponents called the wage hike necessary, while opponents …

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Unemployment Benefits Extension Could Be Postponed

On Wednesday, U.S. House of Representatives Speaker John Boehner said that the proposition to continue long-term unemployment benefits “is simply unworkable” when questioned about the potential to offer benefits for the beginning five-month lapse of 2014 and stretching retroactively all the way back until December 29, 2013. Reports claim that the Senate is expected to vote on legislation to accommodate …

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U.S. Economy Adds 175,000 Jobs in February

The American economy added 175,000 jobs in February which is higher than the goal of 149,000 set by Wall Street economists. However, the numbers on actually hiring were a little less impressive. With all the new jobs, the unemployment rate still rose .1% to rest at 6.7% for February. That’s 10.5 million people if you’re counting. What’s the cause of …

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Janet Yellen to Make First Speech as New Fed Chair

Janet Yellen, as the newly appointed Fed chair and first woman to ever hold the post, will make her first comments today before the House Financial Services Committee and then Thursday before the Senate Banking Committee. She has addressed these committees before as vice chair for three years and as a leading economist for a long time, but now she …

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Disney Layoffs: Hundreds Expected To Be Axed

Disney Interactive, the video game and digital media subsidiary of The Walt Disney Co., will soon layoff “several hundred” of its employees from a total staff of about 3000, according to the Wall Street Journal. The cuts are expected to be announced by Wednesday. The subsidiary has been underperforming for several years now and has reportedly lost over 200 million a year …

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Jobless Benefits Undecided By the Senate

Jobless benefits expired for more than 1.3 million Americans on December 28, 2013. Since that date the total number of long-term unemployed Americans has increased to 1.4 million. The issue was raised today in the U.S. Senate however Republicans and Democrats could not reach an agreement on the best course of action for determining long-term jobless benefits. According to Senator …

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Macy’s Cuts Jobs Despite Successful Christmas Sales

Bad news for Macy’s employees. The retailer announced on Thursday that it will be laying off about 2500 of its employees despite having successful earnings over the Christmas season. Macy’s announced that it intends to close a total of 5 stores in Arizona, Kansas, Missouri, New York and Utah by this spring. In addition to giving some employees the boot, the remaining staff will take on additional …

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Unemployment Extension Possible in 2014?

The million or more people who will no longer be seeing unemployment checks – money that has kept food on the table – are unsure of how they will survive. However, the possible good news is that next week, as early as Monday, Senate Democrats will move to vote on a three month extension for unemployment benefits for the 1.3 …

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Unemployment: A Long Term Problem; No End in Sight

CNN Money reported recently about one woman’s struggle to find a job. Lena Rouse was an IT analyst at a regional bank and was laid off from her job. She has 2 Master’s degrees – one in business and one in IT. She has 22 years of work experience. And she spent all of 2013 unemployed in Columbus, Ohio, the …

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Unemployment Benefits Expire For 1.3 Million

This weekend, millions of Americans are suddenly going to stop receiving their unemployment benefits. The extended federal benefits plan expires this Saturday, the 28th, forcing 1.3 million to go without a source of income. These long-term federal benefits were created by President Bush in the recession of 2008, and since then have been extended 11 more times. The most recent …

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$11.50 Minimum Wage: Sound Nice?

Community leaders in Seattle have vocalized desires to raise minimum wage, and now leaders in Maryland have instigated the process to implement policies that increase wages. Presently, the federal minimum wage is set at $7.25 per hour though some states have set the level higher. On December 17, 2013, a representative from Prince George’s County signed a document to increase …

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World Economy To Continue Modest Growth in 2014

Since the economic downturn that began more than five years ago, the world economy has struggled to lurch forward. There are signs, however, that the global economy is beginning to pick back up, albeit slowly. Market research firm IHS today released top economic predictions for the coming year. Among them is the prediction that the global economy will grow 3.3% …

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Unemployment Claims Rise Due to Shutdown & Glitches

The unemployment weekly claims report released by the US Department of Labor indicates that initial unemployment claims rose to 374,000 this week, up 66,000 from the 308,000 total last week. The shutdown of the United States government was bound to impact the labor market, but the impact on these reported claims is perhaps less than one thinks. While 500,000 government …

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U.S. Employment to Hit Pre-Recession Levels in Many States

Earlier this month, the U.S. Department of Labor released figures showing that around 169,000 jobs had been added in the U.S. in August. Though employment numbers have been rising slowly now for months, unemployment across the U.S. remains at just above 7%. New research has now shown that while many states are beginning to recover from the so-called “great recession,” …

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169K Jobs Added Last Month, Unemployment Hangs at 7.3%

The U.S. employment numbers for the last few months have been ok. Not good or great, but generally trending in the right direction. Back in July, the U.S. Department of Labor revealed that unemployment insurance benefits dropped by 48,000 from the same month in 2012. Last month, the Labor Department released the good news that jobless claims are down to …

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Jobless Claims in U.S. Hit Five-Year Low

Last week, the U.S. Department of Labor reported unemployment insurance benefit claims were down from the previous year for the week ending July 13 – down some 48,000 claims. The numbers began to spark hope that the U.S. economy, or at least hiring numbers, were on the rise once again. This week, the Department of Labor is reporting that jobless …

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Unemployment Benefits Claims Down From Last Year

The U.S. Department of Labor this week revealed that initial claims for unemployment insurance benefits was down to 334,000 for the week ending July 13. That number is down 24,000 from the previous week, and down 48,000 from the same week one year ago. The numbers spark hope that the U.S. economy, or at least hiring numbers, is improving. The …

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North Carolina Gives Up Federal Jobless Aid

In a move designed to repay their Federal debt faster, the state of North Carolina has cut benefits to 170,000 workers within the state. As a result, they have put themselves in a position of not being eligible to receive Federal jobless benefits for people who have been employed for longer than six months. North Carolina has the fifth worst …

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Jobs Report Shows 155,000 New Jobs, Unemployment Holding Steady

A new jobs report issued by the U.S. Bureau of Labor Statistics today showed that 155,000 new U.S. jobs were added in December 2012. Though this is good news for thousands of Americans, the news was tempered somewhat by the fact that the unemployment rate remained unchanged. The 155,000 new jobs were primarily added in the healthcare, food service, construction, …

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Bill Clinton: Obama Can Get Us Back To “Full Employment”

Bill Clinton will appear in a new television ad for President Obama’s campaign to back him up where job creation is concerned, saying he’s the candidate most likely to make it happen. The economy has been the biggest sticking point in this election year, with voters demanding to know what each man will do about unemployment once they’re in office. …

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Will Code 4 Latte: Homeless Woman Looks for IT Work

A “Will Code 4 Latte” sign is sure to draw some attention, both good and bad. Which, of course, is to be expected, particularly when someone who claims to be homeless is holding a makeshift shift cardboard sign with an iPhone 4 in his or her pocket. Such is the case of unemployed Australian IT professional Adelle Hartley, who, despite …

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Stock Market Plunge: Dow Drops 200 on Jobs Report

Stock market plunges as U.S. employers add fewer jobs than analysts had anticipated, according to the Associated Press. The report ultimately caused the Dow Jones industrial average to drop 200 points, which puts it down for the year. This also marks the steepest one-day drop in the past six months. Adding to the stress are the signs of a global …

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LinkedIn is Worried U.S. Workers Don’t Have The Skills For Available Jobs

LinkedIn CEO Jeff Weiner gave a speech at the recent Bay Area Council 2012 Outlook Conference, where he outlined his suggestions for solving a different kind of unemployment crisis: the gap between worker skills and the skills needed for those few jobs that are available. The theme of the conference was “The Next Human Leap,” and Weiner made the point …

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Not Even the President Could Get This Man a Job

Unemployment is bad. (How bad is it?) I’m glad you asked. Remember back in late January when a woman was on a virtual meeting with President Obama and he told her to send her husband’s résumé to him and he’d “see what he could do”? Well, that guy still ain’t got a job. Apparently there was a lot of interest …

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Yahoo Layoffs and Restructuring About To Begin

According to multiple sources, Yahoo is getting ready for a big restructuring initiative and the first part of those changes will be laying off a significant portion of their workforce. Yahoo currently employs over 13,000 people, but plans to slowly shrink the size of the workforce will be put into place next week. Rumors suggest that the first cuts will …

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Social Media Posts May Predict Rises In Unemployment

Social media use has become a major feature of our culture in recent years. We share virtually everything – often more than we should – with our friends, followers, and whoever else will listen out there on the internet. Trends on Twitter and other social networking sites allow advertisers, politicians, journalists, and a host of others to know what people …

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The Independent Workforce: 2012 Infographic

A new infographic from Mavenlink.Com reveals the growing trend of outsourcing jobs in big business and breaks down the motivations for doing so. The graphic points out that the temporary workforce is expected to grow over 40% by 2020. Also of interest is that 90% of the firms included in the survey report that they have used contract or temporary …

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IBM Cuts Another 1,000 Jobs, Enjoys a 7% Increase in Profits

Over 1,000 U.S. IBM employees were “let go” during the past week. This comes as no surprise. IBM has been decreasing American jobs for half a decade. IBM has reduced its American workforce by over 21,000 employees since 2007. It is not possible at this time to pinpoint exactly how many IBM employees have been let go over the past …

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Students Missing Out On Jobs Due To Poor Info

With unemployment numbers sitting where they are, you would think that schools and universities would be doing all they can to help place students into jobs upon graduation. But, despite having the skills employers want, nearly half of young people are missing out on career opportunities due to a lack of information from schools and universities. New research reveals that …

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