The number of Americans filing new claims for unemployment benefits dropped for a second straight week last week, unwinding some of the surge related to Hurricane Sandy, which has muddled the labor market picture. Initial claims dropped 23,000 to a seasonally adjusted 393,000.
Major banks have announced some 160,000 job cuts worldwide since early last year, more layoffs are coming as the industry restructures. The numbers are much higher in Europe than in Asia or the United States -- and those loses will be a particularly heavy blow to Britain.
The number of Americans filing new claims for jobless benefits surged by 78,000 to a seasonally adjusted 439,000 last week, a 1.5-year high and a sign that superstorm Sandy dented the U.S. economy by leaving tens of thousands of people out of work.
The recession hit men hardest, and women are doing better in the recovery, too. But the popular idea that the era of the female-dominated economy is at hand is distracting us from a deeply disturbing trend: Women's apparent gains are camouflaging a massive decline for workers of both genders.
PC chipmaker Advanced Micro Devices said on Thursday it will cut its work force of nearly 12,000 by 15 percent, its second round of layoffs in less than a year as it struggles with a weak global economy and a consumer shift toward tablets.
Campbell Soup Co., the world's largest soup maker, is closing two U.S. plants and cutting more than 700 jobs as it looks to trim costs amid declining consumption of its canned soups.
Pink slips are flying at American Airlines, but workers aren't the only ones who should be concerned. Cutbacks could have serious negative effects on the customer experience.
Are architects, engineers and animators in trouble? It's worth asking because Autodesk -- the longtime provider of 3D design, engineering, and architecture software -- posted disappointing quarterly results on Thursday afternoon.
In another example of how Mitt Romney's Bain Capital creates jobs, we learn that Bain has for months been dismantling and shipping to China a Freeport, Ill., car parts plant -- and requiring the soon to be laid-off U.S. workers to personally train their Chinese replacements.
As consumers, we welcome Walmart's low prices. But they're doing the U.S. more harm than good. A new research report has found that low prices have actually caused unemployment to rise, and dealt a massive blow to the manufacturing sector.
A private survey shows U.S. businesses kept hiring at a modest pace in July, suggesting the job market could be improving after three sluggish months.
Automatic cuts in federal spending will cost the economy more than 2 million jobs, from defense contracting to border security to education, if Congress fails to resolve the looming budget crisis, according to an analysis released Tuesday.
Unemployment in the 17-country euro currency bloc hit another record high in May -- 11.1% -- as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed Monday.
More Americans sought unemployment aid last week, suggesting hiring remains sluggish. The Labor Department said Thursday that weekly unemployment benefit applications rose 6,000 to a seasonally adjusted 386,000.
Call it conscious capitalism or just good business, but these five companies have all prospered in every measure over the last decade by doing good for their employees, suppliers, customers or the general public.