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Jobless Claims Rise, but Economists See Silver Lining

Figures lower than expected as labor market deals with volatility

(Newser) - First-time applications for jobless claims rose last week, but economists are encouraged that the figures were less than expected, Bloomberg reports today. Claims grew by 4,000 to 319,000—still well short of the 325,000 applications expected. The numbers suggest that the labor market isn’t collapsing, despite... More »

Midwest Jobs Take a Beating

Housing slump and auto woes hit the region hard

(Newser) - Jobs in the Midwest have taken a one-two punch from the national housing slump and the flagging Detroit auto industry, the Wall Street Journal reports. Factories that make the materials used to build new homes in high-flying markets from California to Florida are starting to downsize, following huge layoffs by... More »

Job Losses Don't Add Up to Recession... Yet

Analysts say 4-year-low might be caused by teachers on vacation

(Newser) - Eye-popping job numbers rippled through Wall Street yesterday, but analysts pooh-pooh recession fears as premature. “I think it is important we take a deep breath before screaming ‘A recession is now around the corner!’” one expert says. Four thousand lost jobs may be the worst depletion... More »

Stocks Plummet on Jobs Report

(Newser) - The Dow lost more than 1.5% of its value, or 249.97 points, to close at 13133.38 after a devastating report showed that 4,000 jobs were lost in August, the first increase in unemployment in four years. Wall Street had anticipated job growth, and the numbers prompted... More »

US Lost Jobs for First Time in 4 Years

August payroll drop shows subprime crisis affecting economy

(Newser) - In the first drop since 2003, the US lost 4,000 jobs in August, surprising experts and putting more pressure on the Fed to reduce rates at its upcoming meeting. Economists had predicted an increase of 100,000 or more jobs. The decline in employment is the clearest signal to... More »

10 Careers With Staying Power

Career site lists the jobs that won't wear out before you do

(Newser) - For most people job security is a thing of the past, and obsolescence a looming threat.  Happily though, there are some roles that never go out of style. Careerbuilder.com lists the most unshakable jobs, along with median annual income.
  1. Doctor: We always need someone to care for our
... More »

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