WASHINGTON— Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be. Many part-timers can't find full-time work. "The Fed may recognize that this is a new labor-market normal, and it will begin to normalize monetary policy," said Patrick O'Keefe, an economist at accounting and consulting firm...» Read More
Precisely because of the obvious failure of the Obama stimulus-spending program to adequately create jobs, the Federal Reserve is moving toward re-priming the pump. It’s the addition of yet another bad policy of dollar destruction to the first mistake of massive spending.
The pressure on managers to "do more with less" seems to be translating into actual shifts in hiring policies and practices. This not only has a negative effect on those seeking jobs, but also on companies that are finding it more difficult to fill the open jobs they already have.
Nobel Peace Prize laureate and United Nations diplomat Martti Ahtisaari was hoping that this year’s Nobel Peace Prize winner would be a woman, maybe even his friend Mary Robinson, the former Irish president.
If you think your old employer can't say anything bad about you when someone calls for a reference - think again.
According to several trade groups in the trucking industry, there could be a shortage of drivers next year, and the estimates range from 200,000 to as many as 500,000.
A decision on the next round of buying assets at the Federal Open Market Committee's meeting will be difficult to take as the risk of a double-dip recession has receded, St. Louis Fed president James Bullard told CNBC Friday.
The US economy lost 95,000 jobs in September, pushing the unemployment rate to 9.6%. The small growth in the private sector, with 64,000 jobs added in September, was offset by the large cuts in government workers, down 159,000.
The Great Recession has created one of the most challenging job markets in recent history, the modern job search has changed, and job seekers are frustrated, depressed and confused. They feel down, and sometimes they feel like giving up. But it shouldn’t be that way.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
For graduating MBA students five years ago, the path may have been predictable: accept diploma, sign onto a six-figure income with a major investment banking firm, and begin 18-hour workdays.
Jobs won’t come back in the short term, until companies need to hire, Neville Isdell, former CEO and chairman of Coca-Cola, told CNBC Wednesday. But it’s a long-term employment strategy, led by education, that the US lacks and needs to address, said Isdell.
September probably offered little relief in the nation's vexing unemployment problem, setting the stage for more Fed intervention that experts give only dubious prospects for success.
But that doesn’t mean there aren’t quarters worth watching. Here are Cramer’s top picks.
In the clearest calls yet by Federal Reserve officials to pump more cash into the economy, two Fed policymakers said Friday that more action would likely be needed unless the outlook improves.
President Barack Obama's $800 billion-plus economic stimulus law may not be earning good grades with the public, but the White House claims it's on track to produce the promised 3.5 million jobs.
For all of the political noise about tax policy, cuts, it is hard to make a convincing case that either cuts or hikes make much of a difference in economic growth or job creation. "I really don't think you can," says one economist.
Recent election results illustrate the old political adage: A good economy is no guarantee for election victory but a bad one more often than not brings defeat. The 2010 midterms will be no different.
Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in the $787 billion stimulus act, the New York Times reports.
The motto for next week? Don't be greedy.
The Fed's latest policy statement Tuesday managed to disappoint, confuse and surprise more than a few Wall Street analysts.