Employers Offer More OT, Fewer New Jobs

Brightening economy results in more overtime, fewer new jobs

By Harry Kimball, Newser Staff

Posted Nov 27, 2009 1:33 PM CST

(Newser) – Manufacturers skeptical about economic improvement are hedging their bets and forgoing hiring in favor of scheduling overtime work to fill welcome new orders. The tactic may be working for now—employees surely aren’t complaining—but the phenomenon is likely to be short-lived. “Overtime... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

7 comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

'Serpent Pastor' Dies of Snake Bite

Oosp: Romney's New App Misspells 'America'

Wall Street Journal (Source Grid »)

Money • US

recession • unemployment • US economy • manufacturing • hiring • economic recovery • overtime • jobs

More Newser Stories

Unemployment Falls to 8.1%, but News Not All Good

Just 115K jobs added in April: jobs report

(NEWSER) - The unemployment rate fell to 8.1% in April, the lowest it’s been since January 2009, the Wall Street Journal reports. But that still gets an "ouch" from blogger Steven Russolillo since just 115,000 jobs were added, when as many as 168,000 had been expected. "It fell below expectations and even came in under the so-called 'whisper numbers,'" which were around 125,000, he writes. More»

Unemployment Falls to 8.5%

200K jobs added in December: jobs report

(NEWSER) - A better-than-expected jobs report shows that 2011 ended with a bang: The unemployment rate fell to 8.5% last month, the lowest since February 2009, and 200,000 new jobs were added, the Wall Street Journal reports. The jobs report was expected to be solid, but not this solid: Unemployment had been expected to rise from 8.6% to 8.7%, and 150,000 new jobs were forecasted, according to the AP . More good news: October's jobs were revised upward by 12,000, but November's were revised downward by around 2,000. More»

Only McDonald's Saved Us From Losing Jobs

Depressing: That one-day hiring binge kept us in the black

(NEWSER) - Just how lousy were today's unemployment numbers ? Employers created a meager 54,000 jobs, way under expectations. Alex Goldmark at Good points out that if not for McDonald's one-day hiring binge of 62,000 jobs, the nation would have had a net loss. "That's what makes today's numbers all the more depressing," he writes. "If it weren't for the country's largest restaurant chain going on a burger flipper binge, the reports wouldn't say 'sharp slowdown' they'd say 'reversal' or 'devastating.'" More»

Unemployment Rate Rises to 9.1%

And fewer new jobs than expected were created

(AP) - Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1%. The Labor Department report offers startling evidence that the US economy is slowing, hampered by high gas prices and natural disasters in Japan that have hurt US manufacturers. The Wall Street Journal notes that 160,000 jobs were expected to be created and the unemployment rate was expected to fall to 8.9%. But more people entered the work force last month, which pushed the unemployment rate up from 9.0% in April. More»

Unemployment Rises to 9%, but Hiring Is Up

As more rejoin the job search, unemployment rate goes up

(AP) - Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. But the unemployment rate rose to 9% in part because some people resumed looking for work. The Labor Department says the economy added 244,000 jobs last month. Private employers shrugged off high gas prices and created 268,000 jobs—the most since February 2006. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Employers Offer More OT, Fewer New Jobs

Brightening economy results in more overtime, fewer new jobs

recession • unemployment • US economy • manufacturing • hiring • economic recovery • overtime • jobs

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Unemployment Falls to 8.1%, but News Not All Good

Just 115K jobs added in April: jobs report

Unemployment Falls to 8.5%

200K jobs added in December: jobs report

Only McDonald's Saved Us From Losing Jobs

Depressing: That one-day hiring binge kept us in the black

Unemployment Rate Rises to 9.1%

And fewer new jobs than expected were created

Unemployment Rises to 9%, but Hiring Is Up

As more rejoin the job search, unemployment rate goes up

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?