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Employment

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  • Job Cuts Keep Coming—Is Your Firm On the List? Friday, 6 Mar 2009 | 10:57 AM ET

    The number of job cuts continued to soar this week, reflecting the worsening US recession. The nation's unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs.

  • Consumers Start Spending Again Amid Grim Economy Friday, 6 Mar 2009 | 10:55 AM ET

    Even as the economy sheds jobs at an alarming rate, there are early signs consumers are getting over the shock  of recession and  opening their wallets again. "There's pent up demand," says one economist. "Whether it is long lasting is another story.”

  • The Battle Of The Sexes In The Boardroom Friday, 6 Mar 2009 | 10:46 AM ET

    If we had the courage to elect our first African-American President, surely we can embrace due diligence in the boardroom.

  • They're Hiring: Where The Jobs Are Friday, 6 Mar 2009 | 9:38 AM ET

    Despite the recession and almost daily layoff announcements from major companies,  many employers across the country are actually hiring.

  • Jobs, Jobs, Jobs Friday, 6 Mar 2009 | 9:26 AM ET

    February's non-farm payroll of a loss of 651,000 was in line with expectations, although there were large downward revisions for January and December (161,000 in total). The rise in the unemployment rate to 8.1 percent was the highest since December 1983.

  • Jobs Numbers:  Breakdown by Sector Friday, 6 Mar 2009 | 8:55 AM ET

    The latest overall job loss numbers showed a loss of 651,000 jobs in January and the unemployment rate climbed to 8.1%.  This is the highest unemployment rate since 1983.  The January and December numbers were revised to a loss of 655,000 and 681,000 respectively.  4.4 million jobs have now been lost since this recession began.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

  • Futures Get a Boost From Jobs Report Friday, 6 Mar 2009 | 8:36 AM ET

    Futures jumped after a better-than-expected payrolls number Friday, rebounding off of a major selloff in the previous session.

  • Quiet Layoffs Sting Workers Without Notice Friday, 6 Mar 2009 | 8:07 AM ET

    With the economy weakening, chief executives want Wall Street to see them as tough cost-cutters who are not afraid to lay off workers. But plenty of job cuts are not trumpeted in news releases, the New York Times reported.

  • Pros Say: Quantitative Easing Will Help Friday, 6 Mar 2009 | 6:51 AM ET

    Global stocks were mixed Friday, while the dollar fell, rolling back from 3-year highs as demand for euro zone government debt rose ahead of the US February jobs report. Experts tell CNBC that quantitative easing will help get the global economy back on track.

  • From Corporate Executive to Janitor Thursday, 5 Mar 2009 | 9:40 PM ET

    A startling look at one successful businessman who was forced to take a 'survivor job' because of the economy.

  • Worst Jobs Report In 35 Years? Thursday, 5 Mar 2009 | 6:04 PM ET

    It’s no secret that this financial crisis has cut a broad swathe of job destruction through the economy. But will Friday's number move the market or is it priced in?

  • Why a Lousy Jobs Report Could Actually Help Stocks Thursday, 5 Mar 2009 | 2:56 PM ET

    Investors have been searching for that vital capitulation point where stocks form a true bottom. A higher-than-expected jobless rate could set the stage for that.

  • Fed's Lacker: Return to Growth by Year-End Thursday, 5 Mar 2009 | 2:22 PM ET

    The U.S. economy looks "dismal" in the short term but should return to growth by year-end as housing markets finally reach "some sort of equilibrium," said Richmond Federal Reserve Bank President Jeffrey Lacker.

  • It seems the growing number of job losses is taking a new toll on the economy.

  • Want to Commit Career Suicide? Here's How Thursday, 5 Mar 2009 | 12:04 PM ET

    Judging by the results of a new poll about lateness at work, management doesn’t own a monopoly on stupid.

  • Economy Growth Catch-22, Part Two Thursday, 5 Mar 2009 | 8:47 AM ET

    Vicious cycle. Our economy is in one and yesterday I suggested we may be on the verge of making it much worse by putting an unintentional vice on spending by “wealthy” executives like you and me: higher taxes.

  • Pros Say: Don't Hang Your Hopes on Chinese Stimulus Thursday, 5 Mar 2009 | 5:14 AM ET
    China, Chinese Flag

    Global stocks were down again on Thursday on investors' disappointment China did not announce new stimulus plans. Experts interviewed by CNBC weigh in on governments' efforts to stabilize the economy.

  • Beige Book: Full Text Wednesday, 4 Mar 2009 | 2:19 PM ET

    The following is the full text of the Beige Book released by the Federal Reserve on July 23, 2008 and based on information collected on or before February 23, 2009:

  • Economy Growth Catch-22, Part One Wednesday, 4 Mar 2009 | 12:38 PM ET

    For those of us with careers as executives, these are vexing times and we are painfully aware of the eerie combination of catastrophic events that are pulling down our economy: housing industry and mortgage crisis, Wall Street collapse, auto industry collapse, and spiraling health care costs – to name just a few.

  • Job Cuts Keep Coming—Is Your Firm On the List? Wednesday, 4 Mar 2009 | 11:33 AM ET

    The number of job cuts continued to soar this week, reflecting the worsening US recession.