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…

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…

$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…

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…

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…

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…

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…

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…

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…

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…

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…