News Crusader

Jobs Friday clashes with March Fed meeting

It’s Jobs Friday. That means the monthly Wall Street guessing game, “Will they or won’t they hike?” will kick off after the federal government lets the world know how many

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Yahoo to lay off 15% of workforce amid $400M cost-cutting

Struggling search engine company Yahoo Inc. said it plans to cut about 15% of its workforce as part of a $400 million cost-cutting effort intended to “simplify” the troubled Internet

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Hiring, quits hit 9-year highs in December

The number of Americans hired and the total quitting jobs both surged to nine-year highs in December, reflecting a more dynamic labor market that’s starting to push up wages. Job

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Shell plans 2,800 job cuts as U.S. oil around $35

Shell says it is cutting 2,800 jobs in a pre-planned administrative move as plunging oil prices find a floor. The oil giant says in a release Monday that the job

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Jobs report could get Fed to pull the trigger

Whether the Federal Reserve pulls the trigger on an interest rate hike next month at its final meeting of the year could hinge on how many jobs the U.S. economy

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Jobless claims rise to highest level since February

The number of people seeking unemployment benefits rose last week to the highest level since late February. But the increase

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Robust jobs report could instill confidence

Due to the Fourth of July market shutdown Friday, the monthly employment report dubbed “Jobs Friday” will be renamed “Jobs

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Job openings hit 14-year high in April

The number of job openings in the U.S. surged to a 14-year high in April in a sign that job

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Higher minimum wages chomp into restaurants

Labor’s victories in hiking minimum wages stand to “eat into” restaurant profitability, warns Moody’s Investors Service Thursday, confirming the fears

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P&G cutting more office jobs, up to 6,000 worldwide

Procter & Gamble will cut another 3,000 to 6,000 office jobs worldwide in the next two years, senior executives said

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No alarms in weak March job gains

Economists don’t view the government’s report Friday of a skimpy 126,000 job gains in March as a harbinger of sluggish

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Jobs report may give Fed pause

For investors, the March jobs report means that the Federal Reserve’s first interest-rate hike could be slowly receding in the

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