Archive for the ‘Job Loss’ Category

Labor Department Releases Sobering Employment Figures for April

Hiring by employers slowed for the third consecutive month, raising fears that the unemployment rate might remain stagnant through this year’s election cycle, according to a recent report from Reuters.
Last month, employers only added 115,000 new jobs, which was significantly lower than the number of jobs created the month before.
And sources observe that the flagging [...]

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U.S. Experiences Yet Another Month of Strong Employment Growth

The U.S. economy added 227,000 new jobs in February, according to statistics compiled by the Department of Labor, which represents the third consecutive month of positive job growth in the United States.
Still, though, some critics observed that the unemployment rate remained at 8.3 percent, which is viewed by some economists that the economy is not [...]

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Unemployment Claims Jump After Holiday Respite

Claims for unemployment benefits took a significant jump early this month, as experts believe the temporary lull over the holidays was a just a blip in the overall pattern of high unemployment.
And, as more people appear to be jobless to start the new year, bankruptcy filings may grow as well, as consumers look to shed [...]

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Unemployed Workers Could Find Available Jobs During Holidays

This tip may seem counterintuitive, but consumers who find themselves unemployed over the holidays should be aggressive in seeking a job before the new year begins, especially if they are weighed down by debt or considering filing for bankruptcy.
While many job seekers become inactive during the holidays, it appears that many employers need extra help [...]

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Unemployment Rate Falls in Most American Cities

In the past three years, economic news has ranged from bad to catastrophic, as more and more corporations and individuals seek protection from their debts in bankruptcy court.
Some good news, however, has begun to leak into the media. One primary example of encouraging economic news is that the unemployment rate in major American cities seems [...]

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Tighter Credit Means Fewer Bankruptcies

A recent article in the New York Times notes that bankruptcy filings have been seriously affected by the tight credit market we’ve seen over the last few years. Specifically, the article cites numbers that suggest that the current rate of personal bankruptcy filings, while high, could have been much higher if creditors hadn’t scaled back [...]

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Could Debt Cost You a Job?

In an era of high unemployment and personal debt loads, it may trouble some people to learn that having a significant personal debt burden might decrease a person’s odds of getting security clearance for some government jobs and regular employment at others.
Here’s a look at how debt and employment are linked and what you can [...]

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Aggressive Scammers Target the Unemployed

As the unemployment rate continues to rise, scammers are seeking to take advantage of unemployed Americans’ compromised financial position.
According a report on MarketWatch, rising unemployment typically leads to a rise in the number of active scam artists. Today, as countless unemployed Americans experience financial insecurity, they become more and more vulnerable to false promises [...]

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Job Searchers: Be Your Own Brand

Branding isn’t just for products you see in the mall or the grocery store. Job searchers need to market themselves effectively to potential employers, and one way to do that is to think of yourself as a brand, according to CNN Money.
Reputations spread at lightning speed today, moving from social networking sites to blogs to [...]

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Helpful Tax Tips for Job Seekers

With the country’s unemployment rate hovering near 10 percent, it’s really no wonder the Internal Revenue Service recently published some instructions for jobseekers concerned about getting tax deductions for their labor.
If you’re currently out of work and spending time and money in your efforts at getting back on the employment bandwagon, it’s important to know [...]

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Initial Unemployment Claims Down in Latest Numbers

Data released late last week by the federal government show that initial claims for unemployment benefits were down in the week ending July 10, compared to the previous week. Like much of the unemployment news that’s been reported since the recession began, though, the details of this number are significant.
Here’s a look at some of [...]

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Employment Opportunities for Teenagers Few and Far Between

The most recent employment data released by the Bureau of Labor Statistics paint a dismal picture of the job market, particularly for young people looking for summer jobs. In fact, teenagers have an unemployment rate of 25.7 percent—nearly three times the national rate.
Here’s a look at what that percentage means for Americans aged 16 to [...]

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Maximize Your Job Search with Social Networking

In a difficult time for job hunters, every advantage should be leveraged when networking to find your next job. Social networking is increasingly one of these tools at your disposal, from the professional environment on LinkedIn and its 70 million users, even to the friendlier Facebook platform, which has 400 million users today.
Kiplinger.com published some [...]

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Negotiating the Salary that You Want

For those who are lucky enough to get a job offer in these tough economic times, it may be tempting to accept the first salary offer that comes your way, especially if it comes after long unemployment. Even though the tightness of the job market may have taken away some of the leverage for jobseeker [...]

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Unemployment News & Ideas

The Department of Labor’s latest unemployment numbers show that initial jobless claims rose slightly in the week ending June 12 (to 472,000 from 460,000), though the four-week floating average was down somewhat, by 500 claims.
These numbers demonstrate that, while some aspects of the job frontier may be improving for Americans, we haven’t quite pulled [...]

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Latest Jobless Numbers: The Rest of the Story

While it’s true that the recently released unemployment figures for April seemed, at first glance, to contain good news (they indicated that the jobless rate dropped in 90 percent of urban areas during April), many economic analysts are pointing out that such figures only tell part of the story.
As a recent post at the New [...]

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Good Unemployment News in Most Urban Areas

The Bureau of Labor Statistics released figures last week indicating that unemployment dropped in 90 percent of U.S. cities in April, compared to March. While the numbers aren’t drastic enough to mean the nation is out of the woods financially, they suggest we’re on a path toward improvement in employment rates.
Here’s a look at the [...]

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Rate of Workers Voluntarily Quitting Rises

One sign that the employment market may be loosening could be the rate at which workers are leaving their jobs not because they were laid off or fired, but because they chose to quit.
A report from the Wall Street Journal notes the increase in employees voluntarily leaving their jobs. According to that report, the number [...]

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Unemployment Benefits Extension Grants Emergency Funds Through June

Congress last week passed a contentious unemployment extension bill to provide jobless Americans with 8 more weeks of unemployment benefits. President Obama immediately signed the bill into law Thursday night, according to Politico.
The new law retroactively applies benefits beginning April 5, and expires June 2, 2010, for those who qualify.
The much-debated bill was passed by [...]

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Unemployed? Try These Tax Tips

While recent news has suggested an uptick in the economy, many are still without jobs. And with the deadline to file taxes just around the corner, the New York Times reported on a series of tax tips for individuals who are unemployed.
Returns are coming into the IRS more slowly this year, with 3 percent fewer [...]

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