Linda Young – AHN News Writer Washington, D.C., United States (AHN) – New claims for unemployment compensation dropped to 421,000 for the week ending Dec. 4, a decrease of 17,000 claims from the week before, according to the U.S. Department of Labor. Not all jobless workers are insured by the unemployment compensation program. The advance [...]
Regulators on Friday shut down small banks in Michigan and Pennsylvania, boosting the number of U.S. banks that have failed this year to 151 as bad loans have mounted and the economy has been slow to heal. View full post on All Stories
Finding qualified candidates for financial services and accounting positions should prove easy with the U.S. unemployment rate near 10 percent. However, firms… View full post on All Stories
Vittorio Hernandez – AHN News News Writer Bentonville, Arkansas, United States (AHN) – Wal-Mart Stores announced Wednesday that it will no longer pay its employees who work Sundays an additional $1 an hour. The new policy, however, would only cover workers hired after Jan. 1, 2011. Current U.S. employees numbering 1.4 million will not be [...]
Tom Ramstack – AHN News Correspondent Washington, D.C., United States (AHN) – The Supreme Court agreed Monday to hear a sex discrimination lawsuit against Wal-Mart that claims billions of dollars of back pay and damages on behalf of female employees. The lawsuit joins the claims of 1.5 million women who worked at the retail giant [...]
Ayinde O. Chase – AHN News Editor Miami, FL, United States (AHN) – Despite an estimated national debt of $14 trillion and a presidential panel calling for massive overhauls, consumer confidence is at its highest levels since the 2008 economic meltdown. Registering the highest reading since September 2008, the RBC Consumer Outlook Index increased 3.2 [...]
SAN FRANCISCO (MarketWatch) — Bond funds saw fresh outflows for the week ended Wednesday as global concerns over a European debt crisis, uncertainty in U.S. fiscal policy and China’s efforts to keep property prices in check all weighed on investor demand, EPFR Global analysts said in a report Friday. Global bond funds posted outflows for [...]
Linda Young – AHN News Writer Lumberton, NC, United States (AHN) – The U.S. Labor Department’s Office of Federal Contract Compliance Programs has filed an administrative complaint against a North Carolina company, Nash Finch Co., with systematic job discrimination against 80 women. Minneapolis, MN-based Nash Finch is the second-largest publicly traded wholesale food distributor in [...]
Linda Young – AHN News Writer Washington, DC, United States (AHN) – Initial jobless claims rose again last week after falling to the lowest levels in two years the week before, according to the United States Department of Labor. The advance figures for seasonally adjusted initial claims for the week ending Nov. 27 was 436,000, [...]
The nation’s recovery from the deepest recession since the Great Depression has been notably lacking in the creation of jobs. The U.S. unemployment rate stands at 9.6 percent, and Arkansas’ is 7.8 percent. View full post on All Stories
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