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Good Job, Bad Job

A look at extreme differences in the work experience, from FedEx to Patagonia

(Newser) - There's a stark divide between good and bad employers in America today, and you don't want to be on the wrong side of it. In a New York Times excerpt from his new book, Steven Greenhouse compares FedEx and Patagonia. FedEx forces workers who deliver packages to be "independent... More »

Streamlining AT&T Plans 4,600 Layoffs

TV, wireless hires will offset white-collar landline losses

(Newser) - As it adjusts its business model to lowered demand for landlines, AT&T will lay off 4,600 employees, the Wall Street Journal reports. The company plans to create about the same number of new wireless, broadband, and TV jobs, a trade-off that will create savings through dropping more senior,... More »

Small-Business Confidence at 28-Year Low

With sales slowing, owners sweat inflation, rising energy costs

(Newser) - Slowing sales, rising inflation, and skyrocketing energy costs have small-business owners cutting back on hiring and tightening their spending as they brace for a continuing economic slowdown, USA Today reports. A National Federation of Independent Business survey puts small-business confidence last month at its lowest quarterly point since 1980. More »

Dems Push New Aid Package as Job Market Swoons

Economists say any doubt we're in recession is gone

(Newser) - Democrats are calling for another stimulus package to help American workers as unemployment soars, the New York Times reports. Almost 250,000 American jobs have been lost since the beginning of the year—including 80,000 in March—leading one policy expert to say it's time the government switched focus... More »

US Sees Worst Decline in Jobs Since 2003

Payrolls dropped by 63,000; recession fears intensify

(Newser) - The US lost 63,000 jobs in February, the second straight month payrolls contracted and the worst drop since 2003, catching economists off guard and fanning fears of recession anew, Bloomberg reports. Economists hoped the economy would add 23,000 jobs after declining a modest 17,000 in January, when... More »

Siemens to Slash 4,000 Jobs

Troubled telecom sparks fear of union anger over cuts

(Newser) - Siemens is cutting nearly 4,000 jobs and moving 3,000 workers away from its troubled telecom equipment unit, sparking fears of union outcry in Germany, the Wall Street Journal reports. Once a $30 billion annual revenue giant, the business has been trailing competitors in cheap-labor countries like China and... More »

Silicon Valley Deletes Middle-Income Jobs

Jobs rise in region overall, partly due to international influx

(Newser) - Silicon Valley is bleeding middle-income jobs, the New York Times reports. Clerks, secretaries, service reps and others earning $30,000 to $80,000 a year fell from 52% to 46% of workers from 2002 to 2006, according to a new report. The trend threatens the region's upward-mobility track, one author... More »

Firefighting Is US' Sexiest Job

Personal trainer, CEO and cowboy also turn-ons, site finds

(Newser) - Americans may ogle the celebrities gracing the covers of gossip mags, but firefighter remains the sexiest job title on the books, the Boston Globe reports. Personal trainer comes in a close second, according to Salary.com's Valentine's Day survey. It's the site's first such survey in three years, and though... More »

As US Job Growth Stalls, an Era Ends

Employment stats point to sea change in once-certain growth patterns

(Newser) - Workers who’ve lost a job are having a tougher time finding a new one as the economy contracts, marking an end to more than a decade and a half of rapid, sometimes phenomenal, US job growth, writes Business Week’s Peter Coy. The loss of 17,000 jobs in... More »

Stocks Climb on Microsoft News

Dismal labor report can't keep Dow down

(Newser) - Microsoft’s offer to buy Yahoo outweighed a dismal jobs report today as the Dow ended up 92.83 at 12,743.19 after a seesaw session. Hopes for a new M&A wave bumped up against fears of broad economic slowdown. “This is a trader’s market, because... More »

Mitt Outplayed Mac in Michigan

Pundits rush in before polls even close

(Newser) - With Great Lakes State voting booths not quite closed—and polls tied—pundits are already writing post-mortems on the two-Republican race, and giving Mitt Romney the campaigning edge. The New Republic’s Jonathan Cohn and Henry Payne in the National Review agree that Mitt hit his stride, convincing Michiganders he’... More »

Unemployment Rises, May Spur Rate Cut

Weak jobs data makes Fed action likely

(Newser) - The labor market took a hit in December, with the jobless rate hitting a two-year high and payroll increases falling well short of predictions. Nonfarm payrolls rose just 18,000, much less than both November’s 115,000 and the 50,000 prognosticators expected. The gloomy numbers increase the odds... More »

Gains Dashed on Jobs Angst

Weak December auto sales didn't help the market's fortunes

(Newser) - The market lost substantial early gains today to finish about even, with weak December auto sales and rising oil costs adding to anxiety over tomorrow’s jobs report from the Labor Department. The Dow closed up 12.8 points to 13,056.7, as GM stock declined 2.5% and... More »

Consumers Open Wallets Wide

Spending index records biggest increase since July 2005

(Newser) - Consumer spending grew 1.1% in November, its biggest rise since July 2005. The better-than-predicted figure accompanied a revised 0.4% October gain, adjusted from 0.2%. Taken together, the numbers “postpone fears of a recession at least until next year,” said one economist. Jobs numbers and salaries... More »

10 Jobs That Just Don't Pay

Low pay, no benefits and no future are the main characteristics of these jobs

(Newser) - If being paid peanuts in a job with no benefits isn't how you picture yourself, avoid these occupations, tracked down by MarketWatch, at all costs:
  1. Hosts and hostesses, restaurants, lounges, and coffee shops
  2. Counter attendants, cafeterias, food concessions, and coffee shops
  3. Ushers, lobby attendants, and ticket takers
More »

Stocks Edge Up on Mixed Day

Turmoil besets financial sector

(Newser) - The major indexes saw small gains today despite turmoil in the financial sector and skepticism about a positive jobs report.  The Dow climbed 27.23 points to 13,595.10, the Nasdaq added 15.55 to close at 2,810.38, and the S&P 500 gained 1.21... More »

Kill Your Chances With These Job Interview Moves

(Newser) - Don't shoot yourself in the foot in your next job interview. A Fortune poll of hiring managers uncovered some anecdotes about the dumbest pitches they'd heard: The interviewee:
  1. "...told me to hire him because he was allergic to unemployment."
  2. "... said that we should hire him because he
... More »

Housing Slump Dampens '08 Prospects

Economists cut growth forecast; still predict better rate than '07

(Newser) - Economists cut projections for 2008 growth for a third consecutive month, Reuters reports, signaling the fallout from mortgage woes will be widespread and prolonged. A survey of 52 experts estimated the economy would expand 2.4% next year; they’d predicted 2.6% growth last month and 2.8% the... More »

Jobs Stats Propel Markets

(Newser) - The Dow and the S&P each set intraday records after today’s unexpectedly good jobs news, and the Nasdaq hit a 7-year high. The Dow closed at 14,066.01, up 91.70 points, and the S&P climbed 14.75 to 1,557.59 after indications that a... More »

Market Rises on Strong Jobs Report

September stats strong, August losses revised to gains

(Newser) - Stocks surged this morning after a highly anticipated jobs report came back reassuringly strong, with 110,000 US workers gaining jobs in September. At the same time, the upsetting August jobs loss—which fueled rampant recession fears—was revised to a gain of 89,000. Growth exceeded expectations among economists... More »

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