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Department of LaborThe jobs number is disappointing at best. Only 36,000 jobs were added in January, according to the Wall Street Journal. Dow Jones news wires had forecast an increase of 136,000. The unemployment rate fell to 9%.

The key reason for such a poor showing was bad weather. However, the December number was increased to 121,000 jobs, from 103,000.

Commenting on the jobs situation, Federal Reserve chairman Ben Bernanke said: "Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established."

Continue reading Economy Adds Only 36,000 Jobs in January

Economy Adds Only 36,000 Jobs in January originally appeared on BloggingStocks on Fri, 04 Feb 2011 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>hourly earningsinthenewspublic sectorunemployment private sectorunemployment rateworkweekFri, 04 Feb 2011 17:20:00 EST<![CDATA[Does a shorter workweek beat unemployment? ]]>http://www.bloggingstocks.com/2009/03/02/does-a-shorter-workweek-beat-unemployment/http://www.bloggingstocks.com/2009/03/02/does-a-shorter-workweek-beat-unemployment/http://www.bloggingstocks.com/2009/03/02/does-a-shorter-workweek-beat-unemployment/#commentsFiled under: , , ,

New store pink slip - opening soonAs the unemployment rate continues to creep toward the 10% threshold, some companies are exploring more creative ways to cut down on labor costs without handing out pink slips.

Case in point, as reviewed by The New York Times: the Vera Institute of Justice, which has reduced some employees' workweeks to 24 hours (or three days out of five). In this example, workers take a 40% reduction in salary as well, but no loss in benefits. Other companies require 32 hours of work in order to retain health care and other benefits.

Continue reading Does a shorter workweek beat unemployment?

Does a shorter workweek beat unemployment? originally appeared on BloggingStocks on Mon, 02 Mar 2009 16:15:00 EST. Please see our terms for use of feeds.

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