Australian Writer Takes Hit Over Book On Royal Princess A Japanese publisher has cancelled plans to publish a new book on Crown Princess Masako by Australian journalist Ben Hills.... Read Full Article In Kenya, Barack Obama’s Family Prays For End To Conflict Barack Obama’s traumatised and frightened Kenyan relatives prayed for peace in their homeland yesterday — and for their favourite son to win in tomorrow’s New Hampshire primary.... Read Full Article EBay Is Expected To Close Its Auction Site In China After spending millions of dollars trying to establish itself in China, EBay plans to shut its main Chinese auction site and instead partner with a Beijing company.... Read Full Article NATO’s Afghan Struggle: Build, And Fight Taliban The road that cuts through Panjwai district tells all that is going wrong with NATO’s war in Afghanistan.... Read Full Article Bids Total $2.78 Billion In Opening Day Of Auction For Airwaves The Federal Communications Commission’s auction of federally owned airwaves is eventually expected to bring the government at least $10 billion.... Read Full Article |
Payrolls NewsUpswing in Economic Index for ServicesU.S. service industries suffered a slowdown in activity in April, but service companies also appeared to add jobs, the first time this year that their payrolls expanded, a survey showed.Read Full Article Saturday Interview: A Trend Toward Putting Consultants on PayrollsRoy Krause, the president of the Spherion Corporation, a recruiting and staffing company, recently offered his thoughts on where the job market was headed and why.Read Full Article Job cuts shock prompts analysts to say that US workforce in ’meltdown’Employers in the United States cut 63,000 jobs last month, the most for five years, prompting Wall Street economists to say that the workforce was experiencing “meltdown”.<br/> <br/> The grim employment data came as President Bush tried to reassure Americans that his $150 billion ($£74 billion) tax rebate scheme will help their economy to recover. He said: “My message to the American people is this: I know this is a difficult time for our economy, but we recognised the problem early and provided the economy with a booster shot. You will begin to see the impact over the coming months.”<br/> <br/> However, the sharp rise in redundancies in February stoked fears that America is already in a recession.The data from the Labour Department was far worse than Wall Street expected. Economists had hoped for 23,000 more jobs.<br/> <br/> The statistics are part of increasing evidence that the credit crisis that began in the US finance industry is spreading across America. Overall, 4.8 per cent of America’s workforce is unemployed and the proportion could rise sharply this year as the country is expected to slide into a recession.<br/> <br/> Ian Shepherdson, chief US economist for High Frequency Economics, said: “What the numbers show is that this slowdown has broken out of construction. It’s affecting everything. Of great concern is the fact that manufacturing is showing big job losses even though exports are booming. What that tells you is that the state of domestic manufacturing is appalling.<br/> <br/> “The jobs trend from month to month is downward - the labour force is in meltdown.”<br/> <br/> The Labour Department said that the construction industry had lost 39,000 jobs in February, retailers had shed 34,000 and manufacturers had sacked a further 52,000.<br/> <br/> Mr Shepherdson said: “In February Government employment rose by 38,000, so private payrolls tanked [fell by] 101,000, the third straight dip and the worst performance since March 2003 during the war in Iraq.”<br/> <br/> Retail sales are still growing, albeit at a modest pace but yesterday’s unemployment data is expected to increase pressure on consumer spending, which accounts for 40 per cent of the economy. Americans have been squeezed by two years of falls in house prices, which have limited their ability to extract capital from their homes, rising credit and mortgage costs and increasing food and energy prices.<br/> <br/> Many experts on Wall Street expect the economy to shrink in the first quarter of this year and to slide into a recession within months. Some believe that the world’s largest economy is already in recession.<br/> <br/> Separately, US lawmakers yesterday criticised Wall Street bankers for receiving hundreds of millions of dollars in pay while homeowners and shareholders suffered from the housing crisis that they perpetuated.<br/> <br/> Angelo Mozilo, chief financial officer of Countrywide, and Charles Prince and Stan O’Neal, former chief executives of Citigroup and Merrill Lynch, respectively, were forced to defend their pay as they faced questions from Henry Waxman, a California Democrat who heads a Congressional oversight committee.<br/> <br/> Speaking at a hearing in Washington, Mr Waxman said: “There seem to be two different economic realities. Most Americans live in a world where economic security is precarious. But our nation’s top executives seem to live by a separate set of rules.”Read Full Article US Fed offers $100bn as crunch worsens$The US Federal Reserve has taken new steps to fight off a recession by making $100 billion ($£49.7 billion) available to banks, after US payrolls fell by 63,000 in February - the biggest decline since March 2003.Read Full Article Strong Report on Employment Lifts StocksStocks jumped sharply today on news that private payrolls had grown more than expected in November.Read Full Article External News for: payrollsPrivate sector sheds 20000 jobs, ADP says - MarketWatchPrivate sector sheds 20000 jobs, ADP saysMarketWatchIn the government report from the Bureau of Labor Statistics, the level of payrolls will likely be reduced by 150000 to 220000 by the two extreme snow ...Stocks Climb On Jobs DataForbesADP Says US Companies Cut 20000 Jobs in FebruaryBusinessWeekUS job losses shrink as key sector surgesAFPSeeking Alpha (blog) -Forexyard (blog) -Wall Street Journal (blog)all 188 news articles »Private sector sheds 20000 jobs, ADP says - MarketWatchPrivate sector sheds 20000 jobs, ADP saysMarketWatchIn the government report from the Bureau of Labor Statistics, the level of payrolls will likely be reduced by 150000 to 220000 by the two extreme snow ...Stocks Climb On Jobs DataForbesADP Says US Companies Cut 20000 Jobs in FebruaryBusinessWeekUS job losses shrink as key sector surgesAFPSeeking Alpha (blog) -Forexyard (blog) -Wall Street Journal (blog)all 188 news articles »Jobless Claims in US Decreased By 5000 Last Week - BusinessWeekThe Money TimesJobless Claims in US Decreased By 5000 Last WeekBusinessWeekA sustained increase in payrolls is needed for consumer spending, which accounts for about 70 percent of the economy, to accelerate. “Labor-market repair is ...Pa. Jobless Rate Highest Since 1984; 16K Jobs ShedABC NewsState job data point to further recoveryBoston GlobeInitial jobless claims fall, according to US Department of LaborMLive.comFOXBusiness -Hot Air (blog)all 785 news articles »Private sector sheds 20000 jobs, ADP says - MarketWatchPrivate sector sheds 20000 jobs, ADP saysMarketWatchIn the government report from the Bureau of Labor Statistics, the level of payrolls will likely be reduced by 150000 to 220000 by the two extreme snow ...Stocks Climb On Jobs DataForbesADP Says US Companies Cut 20000 Jobs in FebruaryBusinessWeekUS job losses shrink as key sector surgesAFPSeeking Alpha (blog) -Forexyard (blog) -Wall Street Journal (blog)all 188 news articles »Jobless Claims in US Decreased By 5000 Last Week - BusinessWeekThe Money TimesJobless Claims in US Decreased By 5000 Last WeekBusinessWeekA sustained increase in payrolls is needed for consumer spending, which accounts for about 70 percent of the economy, to accelerate. “Labor-market repair is ...Pa. Jobless Rate Highest Since 1984; 16K Jobs ShedABC NewsState job data point to further recoveryBoston GlobeInitial jobless claims fall, according to US Department of LaborMLive.comFOXBusiness -Hot Air (blog)all 785 news articles »European Payrolls Drop for Sixth Quarter, Led by Manufacturing - BusinessWeekEuropean Payrolls Drop for Sixth Quarter, Led by ManufacturingBusinessWeekPayrolls in the 16-member euro region dropped a seasonally adjusted 0.2 percent from the third quarter, when they declined 0.5 percent, the European Union ...and more » |
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