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Dow Falls 203 Ahead of Jobs Report
 Dow Falls 203 
 Ahead of Jobs Report 
MARKETS
Oct 1, 2009 3:09 PM CDT

Dow Falls 203 Ahead of Jobs Report

ISM report, job fears drive biggest 1-day drop since July

(Newser) - Stocks suffered broad declines today after a manufacturing report that failed to meet expectations. That report, combined with worse-than-expected weekly jobless claims, have investors worried ahead of the government's nonfarm payroll report, due tomorrow. The Dow fell 203 points to close at 9,509. The Nasdaq lost 65 points, closing...

Dow Falls 30 to End Best Quarter in 10 Years

Dow makes 15% Quarterly Gain, amid disappointing economic data for September

(Newser) - Disappointing economic data drove stocks lower today but couldn't dent strong gains for the third quarter. ADP reported bigger job losses than expected in September, and the Chicago Institute for Supply Management's business index dropped more than expected. The Dow fell 30 points to close at 9,718. The Nasdaq...

Dow Falls 34 Ahead of Jobs Data
 Dow Falls 34 
 Ahead of Jobs Data 
MARKETS
Sep 29, 2009 3:16 PM CDT

Dow Falls 34 Ahead of Jobs Data

Dow still on track for best quarter in 10 years

(Newser) - Stocks fell today as traders lost some of yesterday’s confidence ahead of looming job reports. ADP will release its September survey tomorrow, with weekly data due Thursday and the government’s nonfarm payrolls report coming Friday. The Conference Board’s consumer confidence index, which analysts had been expecting to...

Forget Fetching Coffee: Interns Work From Home

'Virtual internships' take among small business

(Newser) - Companies have long used internships to avoid paying young people, but increasingly they don't want to see their interns at all. "Virtual internships," where recent grads do research and sales or work with social media from home, has expanded from an unheard-of practice to "something almost every...

Outlook Bleak for Holiday Hiring

Pessimistic retailers plan to slash seasonal jobs

(Newser) - Retail jobs are expected to be in short supply even as the holiday shopping season approaches, the Wall Street Journal reports. Some 40% of retail chains surveyed say they plan to hire fewer workers this year than they did last year when the recession forced many to cut staffing levels....

Teen Unemployment Hits Record 25%

Expert sees teenagers jobless for a 'long, long, long, long time'

(Newser) - The teen jobless picture is the bleakest since the government started tracking the statistic 60 years ago, the New York Times reports. The rate hit 25.5% last month, nearly triple the rate among other workers. Analysts say teens are getting squeezed out of the workplace by college graduates, unable...

Women Gain as Recession Batters Male-Dominated Fields

Men have lost 3 times as many jobs as women since Dec. 2007

(Newser) - The US job market is closer than ever to gender equality because the recession has most heavily affected male-dominated industries, USA Today reports. Women held 49.83% of the nation’s jobs as of June. Since the recession began in December 2007, 74% of the 6.4 million jobs lost...

Help Wanted: Fed Govt. Needs 600K New Workers

270K new hires deemed critical to make up for retirement

(Newser) - The federal government must hire 600,000 people over the next 4 years to balance a wave of retirement and keep pace with President Obama’s ambitions, the Washington Post reports. Nearly half of those positions are considered absolutely essential for agencies to provide their services, a new report states,...

Law School Grads Scramble as Big Firms Slash Hiring

(Newser) - Top law school grads are competing this fall for just half the number of entry-level positions big firms offered last year, in what the New York Times calls the most difficult employment season in half a century. One of New York's biggest firms has cut its hires by more than...

Abercrombie Loses Lawsuit Over Clerk's Prosthetic Arm

(Newser) - The London woman banished to the Abercrombie & Fitch stockroom because of her prosthetic arm has been awarded more $13,000 by an employment tribunal, the BBC reports. Riam Dean wore a cardigan to cover the joint between her prosthesis and her body, but the sweater clashed with the retailer’...

US Banks Hiring Again After Layoffs, Bailouts

But headhunting 'selective,' notes banker

(Newser) - After cutting thousands of jobs over the past two years, American banks are rushing to fill them again as business picks up, Reuters reports. “Back in March and April, no one really knew if the investment banking business was going to exist again," said a search firm exec....

Today's Sexy Job: Statistician
 Today's Sexy Job: Statistician 
Aug 6, 2009 10:12 AM CDT

Today's Sexy Job: Statistician

With so much data to crunch, firms need them—and will pay up

(Newser) - Forget the nerdy image: In today’s digital world, statisticians are hot, the New York Times reports. Big firms like Google need number-crunchers to parse piles of data, and they’re willing to pay for it—a statistician with a PhD can rake in $125,000 in his or her...

5 Jobs in Social Networking
 5 Jobs in Social Networking 
Jul 28, 2009 4:44 PM CDT

5 Jobs in Social Networking

(Newser) - Facebook addiction interfering with your work? Perhaps you should get a job where an intimate understanding of social networking is a prerequisite. Rachel Zupek runs down five possibilities for CNN.
  • Recruiter: The social networks are swarming with qualified candidates, "and it's about time recruiters joined them." They can
...

'09 Grads Picky Despite Grim Jobs Market

Below-par jobs rejected as grads wait for economy to rebound

(Newser) - Many of this year's college grads are confounding career advisers by rejecting suggestions that they can't afford to be choosy about what job to take in a recession, the New York Times reports. The grads say they don't want to be forced into less-than-ideal jobs and career paths by economic...

'Recession-Proof' Job Is a Myth: Experts

(Newser) - If the downturn has you considering a “recession-proof” job like teaching or medicine, think again, Greg Burns writes in the Chicago Tribune. The recession has affected all sectors, from layoffs and lower enrollment at educational institutions to dwindling state budgets choking civil servants. “It’s a question of...

Bleak Jobs Report Raises Red Flags on Recovery
Bleak Jobs Report Raises Red Flags on Recovery
ANALYSIS
Jul 3, 2009 5:54 AM CDT

Bleak Jobs Report Raises Red Flags on Recovery

Weak labor market expected to cause longer recession

(Newser) - So much for those so-called green shoots of recovery. Yesterday's worse-than-expected unemployment report has far more red flags of warning on the jobs front, writes Moira Herbst in BusinessWeek. Among them: the average work week shrank to 33 hours, the lowest on record; hourly earnings remained flat; long-term unemployment rose...

Looking for Work? Better Have a Job Already

Another hurdle for job-seekers as unemployment nears 10%

(Newser) - Finding a job when unemployment is at 9.4% is hard enough. But the recently laid-off have another hurdle to contend with: Many employers are most interested in attracting candidates who are still working, the Wall Street Journal reports. “If they’re employed in today’s economy, they have...

Many Toil Through Forced Leave

Workers on furloughs aren't granted—or won't allow themselves—time off

(Newser) - Sure, required time off beats a layoff—but that can be tough to remember as many continue working through their furloughs, the New York Times reports. Some worry their jobs are at stake if they don’t keep working; others just can’t get their employers to schedule days off....

Avon, Mary Kay Defy Recession
 Avon, Mary Kay Defy Recession 
Jun 13, 2009 8:50 AM CDT

Avon, Mary Kay Defy Recession

(Newser) - More and more recession-plagued Americans are turning to direct-sales companies like Avon for extra income, the AP reports. Mary Kay saw its sales force grow by 22% this year, and Tupperware also reports higher profits and more salespeople. "'I need money.' That's what I've been hearing since about...

Obama's 'Jobs Saved' Claims Are Pure Hokum
Obama's 'Jobs Saved' Claims Are Pure Hokum
OPINION
Jun 9, 2009 8:46 AM CDT

Obama's 'Jobs Saved' Claims Are Pure Hokum

Ex-Bushie: Media won't call White House on its unmeasurable metric

(Newser) - President Obama confidently declared yesterday that the stimulus plan had already “saved or created” 150,000 American jobs and would “save or create” another 600,000 by this summer. Which is pretty surprising, former Bush official William McGurn writes in the Wall Street Journal, because the economy’s...

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