WASHINGTON, Aug 20- The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn't want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting.» Read More
This viewer has been offered a job after being unemployed for months. But he'd have to move his family and his wife has a stable job.
As the economy hemorrhages jobs (3.6 million and counting since the start of the recession), C-level suites everywhere are abuzz with executives hashing out the details of impending rightsizings, streamlining, redundancies, or whatever obfuscation of choice.
Economic gloom returned to the markets Thursday with warnings about further declines in demand and production hitting stocks and boosting bonds. Experts tell CNBC that the US economy will remain weak while China, despite grim data, is also showing some signs of stabilization.
Futures started the day lower Thursday but pared losses after a better-than-expected report on retail sales.
Talk about knowing how to hone your pitch to fit the current market: This guy posted an ad on Craigslist offering to be the "Fall Guy for Your Hedge Fund." His primary job responsibility? Taking all the blame for the current mess.
President Obama agreed to sign an "imperfect" spending bill to keep the government running, but he called for a crackdown on lawmakers adding "earmarks"—or pet projects—to legislation.
More companies announced layoffs on Wednesday as the employment picture continued to dim.
The best way to build a solid network is to contact people when you don’t need anything instead, maintain (or restart) your network by reaching out to people regularly and without asking for anything.
Tuesday: Rep. Barney Frank (D-Mass.) said the uptick rule will soon be reinstated but the SEC said that mark-to-market regulations would remain in place. Citigroup shares skyrocketed nearly 40 percent and many other financials followed suit — lifting the market with them. General Electric* shares enjoyed an assurance from Citi and AT&T said it'd add — yes, add — 3,000 jobs and invest up to $18 billion. CNBC heard from experts who said that investors are nearly ready to get out of cash — and gave a prescription for bear repellant.
Citi analyst Deborah Weinswig downgrades Wal-Mart shares to hold from buy, citing fears that proposed legislation intended to make it easier for employees to unionize will boost Wal-Mart's labor costs and hurt its ability to compete.
If you haven’t read EVERYTHING in a job description, you are on unstable footing. It’s the only way to ensure you can do everything required!
Global stocks rose Tuesday on optimism over the global economy as top U.S. officials on Monday urged other countries to step up spending to combat recession. But experts interviewed on CNBC see this rally as fragile and short-lived.
Monday: Warren Buffett told CNBC the U.S. economy has "fallen off a cliff." Prof. Nouriel Roubini, who predicted the current crisis, said the U.S. recession could last up to 36 months. But some M&A activity was seen: Dow Chemical and Rohm & Haas announced a deal; and Roche and Genentech are reportedly close to their own agreement. CNBC heard from experts who said steady growth companies are the way to invest now; and that the government rescue plan is going to create the first signs of recovery.
Factory jobs disappeared. Inflation soared. Unemployment climbed to alarming levels. The hungry lined up at soup kitchens. It wasn't the Great Depression. It was the 1981-82 recession, widely considered America's worst since the depression.
Every generation searches for an identity. There were the Baby Boomers, followed by slacker Gens. X and Y. It took a 50% drop in the Dow and more than 3 million jobs lost to figure it out. This is nothing to LOL about: It's Generation OMG!
If you are a capable executive or manager who is part of the 8.1% jobless, you might be interested in government work.
Global stocks started the week lower Monday as concerns over the fate of General Motors and Western banks prevailed. Experts interviewed by CNBC weigh in on the outlook for the global economy and on hopes that China will pick up the consumption tab to pull the world out of recession.
But are they enough?
You know the headline jobs number was terrible. But there is some light at the end of this tunnel, we promise!
Stocks staged a late-day rally Friday, pushing the Dow to a positive close, after a report that a major UK bank has reached an asset-protection deal with the government.