Businesses Struggle to Fill Open Positions as US Workers Quit Their Jobs in Record Numbers

According to the latest statistics from the Bureau of Labor, a large number of US workers have been quitting their jobs recently. In May, US workers said goodbye to their jobs in record numbers. The statistics showed that 2.4 percent of employees…

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…

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…

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…

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…

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…

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…

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…

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…

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…