Hot on DailyFinance:

See More Stories
Feed

Ray of Light: March's Jobs Gain Is More Evidence of Healing Labor Market

job growthThis past week's data point of significance for investors has to be March's job report, which indicated the U.S. economy created a better-than-expected 216,000 jobs, the U.S. Labor Department said.

Also, the U.S. unemployment rate dropped to 8.8% from 8.9%. A Bloomberg survey had expected the economy to create 200,000 jobs in March and the unemployment rate to remain unchanged at 8.9%. Further, job creation totals for February and January were revised higher: February to 194,000 from the initially estimated 192,000 gain; January to 68,000 from 63,000.

Continue reading Ray of Light: March's Jobs Gain Is More Evidence of Healing Labor Market

Unemployment Rate Falls to Two-Year Low

Department of LabortSome good news for everyone out there looking for a job: unemployment fell to a two-year low in March, down to 8.8%.

While an 8.8% percent unemployment rate is still nothing to celebrate, it is a clear indication that we are headed in the right direction. Companies hired new employees at the fastest two-month pace since before the recession began.

Continue reading Unemployment Rate Falls to Two-Year Low

Labor Market Continues to Show Signs of Improvement

laborersAccording to the ADP Employer Services Report, the private sector added 201,000 new jobs in March, basically in-line with 203,000 new jobs that analysts had been expecting to see.

February's figures were revised downwards to 208,000 from a previously estimated 216,000 new jobs.

March's employment gains bring the four-month average of new jobs to 211,000, more than enough to keep the labor track on path. Analysts estimate that the economy needs to add 125,000 new jobs each month in order to keep up with population growth, so any jobs over that figure result in a lower unemployment figures.

Continue reading Labor Market Continues to Show Signs of Improvement

Home Depot Hiring 60,000 Employees

home depot employeesHome improvement giant Home Depot (HD) announced today that it would be hiring 60,000 seasonal employees nationwide as the company gears up for its busiest season, which is springtime.

Every year the company boosts its employees to deal with its peak season, and makes the hires in February and March to get the new workers ready when springtime rolls around and traffic really picks up at the company's retail stores across the nation.

Continue reading Home Depot Hiring 60,000 Employees

Ford Planning to Hire More Employees

Ford To Hire More EmployeesIn another sign that auto industry has bright day ahead of it, Ford Motor Company (F) announced today that it planned to hire an additional 7,000 employees over the next 2 years.

While this is definitely good news, the figures are still way down from where they were before the auto crisis ravished the industry. Ford currently has 42,000 compared to 103,000 just ten years ago.

Continue reading Ford Planning to Hire More Employees

Jobs Report Disappoints Despite Lower Unemployment Rate

Labor Department sealThe Labor Department reported that employers added 103,000 jobs last month. This fell short of the expected 150,000 predicted by economists surveyed by Dow Jones. However, the unemployment rate fell to 9.4%. The November report was revised upward to 71,000 from 39,000, as reported by the Wall Street Journal.

Earlier in the week ADP reported that private sector jobs rose by 297,000 last month, the strongest gain since ADP began collecting data.

Continue reading Jobs Report Disappoints Despite Lower Unemployment Rate

U.S. Stock Futures Down, All Eyes on Payroll Data

U.S. stock futures are lower this morning as investors await December's payroll report. Futures on the Dow Jones Industrial Average dropped 14 points to 11,632.00 and S&P 500 futures fell 2.10 points to 1,268.10. Nasdaq 100 futures dropped 3 points at 2,273.25.

U.S. stock markets closed lower yesterday, with the Dow Jones Industrial Average down about 26 points.

The December non-farm payroll figures and the latest reading on U.S. unemployment are due today. The payroll data is scheduled to be released at 8:30 a.m. ET. Economists project that 175,000 non-farm jobs were created in December.

Continue reading U.S. Stock Futures Down, All Eyes on Payroll Data

Job Cuts in 2010 Tumble to Lowest Level in More Than a Decade

The dismal jobs front got a bit more good news, following the release of a report showing the nation's employers last year cut the fewest number of workers in more than a decade. Further, the findings showed 2010 ended on a high note, with December recording the lowest number of monthly cuts since 2000.

The slowdown in cuts follows an uptick in activity in 2009 when downsizing reached a seven-year high, according to the 2010 year-end job-cut report, released Wednesday by job-services firm Challenger, Gray & Christmas. Last year, employers announced plans to eliminate 529,973 positions, the lowest number since 1997.

Continue reading Job Cuts in 2010 Tumble to Lowest Level in More Than a Decade

Dollar General Plans to Open 625 New Stores, Hire 6,000 Employees

The country is still mired in a long recession. Many businesses are closing their doors. Others are cutting back, laying off employees and reducing production. But with every crisis there is opportunity. Such is the case for Dollar General (DG). In a time of high unemployment and low wages, consumers are counting every penny. Dollar General stores offer deep discounts, even beating discounters like Walmart (WMT).

In the most recent quarter, Dollar General's income rose by 69%. The company also raised its full-year guidance by 10% to $3.22 billion.

Continue reading Dollar General Plans to Open 625 New Stores, Hire 6,000 Employees

Macy's to Create 725 Online Jobs

Cincinnati-based retailer Macy's (M) announced this morning that it will add roughly 725 jobs in New York, San Francicso, and Atlanta over the course of the next two years. These jobs will be created to help support the company's macys.com and bloomingdales.com Internet sites.

"Macy's, Inc. is building one of the largest, most efficient and resourceful e-commerce organizations in American retailing as part of our comprehensive omnichannel strategy," President and CEO Terry Lundgren said, according to The Enquirer. "Having the right talent in the right place is vital as we seek to sustain and accelerate our sales growth online, as well as in the stores."

Continue reading Macy's to Create 725 Online Jobs

Yahoo! Lays Off 600 Employees

Yahoo! (YHOO)For a lot of Yahoo! Inc. (YHOO) employees, the holiday season is going to be less cheerful than expected as the company announced today that it was laying off around 600 employees.

The most recent layoffs are not that big or a surprise, as analysts have been speculating for the past few weeks that the company would reduce it payroll before the end of the year in hopes of breaking its recent financial woes.

Yahoo! is headquartered in California, a state that is already dealing with very high unemployment. These layoffs are going to add to California's current 12.4% unemployment rate, which is sharply higher than the national average of 9.8%.

Continue reading Yahoo! Lays Off 600 Employees

Australia's Job Boom Continues -- Is the U.S. Next?

Australia's economy added 54,600 jobs in October. What, you ask, does that have to do with U.S. investing?

Well, adjusting for Australia's population, November's job growth down under is the equivalent of a 728,000 monthly job gain in the United States -- in other words, a Roaring 90s-level monthly job growth performance.

Continue reading Australia's Job Boom Continues -- Is the U.S. Next?

More People Are Quitting Their Jobs

The Bureau of Labor Statistics has an indicator that tracks the number of people who simply quit their jobs. CNBC.com reported that the indicator, which they dubbed "Take This Job and Shove It," climbed in October with 2 million people quitting their jobs, up from 1.7 million in the same month a year ago. The last time this pattern occurred was in 2003 when the economy started a long upward trend.

The "Shove It" indicator tends to turn up when people are confident enough that they will find another job if they quit their present one.

Continue reading More People Are Quitting Their Jobs

Jobs Report Falls Short, Pushing Stocks Lower

The Labor Department threw the market a curve today when it reported nonfarm payrolls data for November. Employers added only 39,000 jobs in November, far below the 144,000 job growth economist had anticipated. The unemployment rate, too, rose to a seven-month high of 9.8%, up from 9.6% in October.

Markets reacted instantly. The Dow Jones Industrial Average futures fell 54 point to 11,310, and the S&P futures slid 7 points, The Wall Street Journal reported. Treasuries moved up, with the yield on the 10-year note declining to 2.94%.

Continue reading Jobs Report Falls Short, Pushing Stocks Lower

Bright Spot: Economy Adds 151,000 Jobs

help wanted signHere is some good news. The Labor Department reported that the U.S. economy added 151,000 jobs in October. Plus, there were revisions for the previous two months, with private employers adding 107,000 jobs in September and 141,000 in August. This data were reported in the Wall Street Journal.

The unemployment rate remains stubbornly high at 9.6%. A broader measure of unemployment which includes people who stopped looking for work and those settling for part time jobs was at 17% for October.

Continue reading Bright Spot: Economy Adds 151,000 Jobs

Next Page »

Symbol Lookup
IndexesChangePrice
DJIA+33.0712,878.20
NASDAQ+2.092,904.08
S&P 500+2.721,347.05

Last updated: February 07, 2012: 11:41 PM

Hot Stocks

General Electric

19.18+0.13(+0.68)

Alcoa

10.67-0.065(-0.61)

Apple Inc

468.83+4.86(+1.05)

Google Inc 'A'

606.77-2.32(-0.38)

Bank of America

7.85-0.12(-1.51)

Wal-Mart Stores

61.69-0.19(-0.31)

Exxon Mobil Corp

86.34+0.59(+0.69)

Ford

12.88-0.08(-0.62)

Citigroup

33.07-0.23(-0.69)

IBM

193.35+0.53(+0.27)

Yahoo

15.83+0.01(+0.06)

Starbucks

48.41+0.12(+0.25)

Microsoft

30.35+0.15(+0.50)

Home Depot

45.46+0.26(+0.58)

DailyFinance Headlines

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1328676111590 ms.