"Although the economy grew at a slower pace, the increase of each percentage point of GDP actually produces more jobs than before due to an improving economic structure," Li Zhong, the spokesman of the Ministry of Human Resources and Social Security, told reporters at a media briefing.» Read More
Even on Inauguration Day, companies continued to announce layoffs, reinforcing the challenges facing Barack Obama.
It happens everyday. You’re in the middle of a sentence – you could be giving a presentation, leaving a voice mail, talking to yourself – and you lose your train of thought. What should you do?
Bank of America may slash as much as 4,000 jobs in its capital markets units starting this week, the Financial Times reported on its Web site quoting executives familiar with the matter.
Turnover at the top, presents an unique opportunity and set of challenges for a new leader to deal with, and managing the transition is the first step to ensuring success in any executive role. Fortunately, there's one fairly high-profile transition going on right under our noses, with the new guy and his team set to finally take the reins on Tuesday.
Corporate layoffs have soared since New Year's. On Friday alone, GE, Pfizer, AMD, Wellpoint and Hertz announced big cuts.
President-elect Barack Obama said Friday that even with a range of economic measures to move the US out of a recession, the economy would likely get worse before it improves.
At least six CEOs of publicly traded companies have been fired since the start of the New Year and we're only halfway through January. Experts say CEO firings double during bad times. And talk about bad times.
Major indexes declined Thursday as investors digested the latest round of earnings and layoff news. Bank of America skidded amid news that the bank is going back to the government for help, while JPMorgan ticked higher after beating earnings estimates.
Working closely with President-elect Barack Obama, House Democrats on Thursday called for $825 billion in federal spending and tax cuts to revive the moribund economy, with strong emphasis on energy, education, health care and jobs-producing highway construction.
What a difference three months doesn't make. Though the current financial situation isn't as dire as late September, Happy New Year has quickly turned into deja vu.
Autodesk, the software company that has lost its leader to Yahoo, is cutting 750 jobs, or about 10 percent of its work force to cut expenses and expects to report a loss rather than a profit for the fourth quarter.
Stock futures pared their losses after a round of economic data came in more or less as expected. Bank of America skidded amid news that the bank is going back to the government for help, while JPMorgan ticked higher after beating earnings estimates.
The U.S. economy started the new year on weaker footing as recession-shocked Americans retrenched further, forcing retailers to ring up fewer sales and factories to cut back production.
The world’s largest bookseller Barnes & Noble, Inc. announced it’s eliminating about 100 jobs in its corporate headquarters.
The president of the Federal Reserve Bank of Philadelphia expects the economy to slowly start recovering in the second half of 2009 and inflation to remain below 2 percent over the next year.
China's December exports fell at their fastest rate in decade. Is China’s growth coming to an end?
In radically reshaping the TARP, Congressional Democrats want assurances from Obama that he shares their new focus before signing off on new funding.
The Treasury Department is developing tools to measure whether banks that receive funds from the $700 billion financial industry rescue program are increasing lending.
A journal or Excel spreadsheet can track your daily activities, sources of job leads and subsequent results. Be honest about how much targeted networking you are doing versus responding to blind ads.
In all likelihood, if you’re an exec and actively employed, you have been and will be intimately involved in decisions about who should stay and who should go, how many, and when. Since most of our 21st century businesses rely heavily on Human Capital, these decisions will inevitably affect your company’s performance and more personally: your career.