‘Employment News’ Archives
L.A. Eliminates 3000 More Jobs
Under the threat of a credit rating downgrade, the Los Angeles City Council on Thursday instructed agency heads to eliminate 3,000 additional city jobs before July 1 "by any means necessary, including layoffs." The reduction -- aimed in part at wresting further concessions from the city's labor unions -- would be on top of 1,000 job cuts [...]
IRS to begin audit sweep on employment taxes
The Internal Revenue Service in mid-February will start a random audit of businesses focusing on employment-related taxes in a bid to close a $20 billion annual gap in revenue from underreporting and non-payment. South Florida businesses are likely to be most vulnerable to this audit when personal expenses such as vacation are taken through [...]
White House Offers Grim Outlook for Employment
The U.S. economy will grow this year, but not fast enough to make a dent in unemployment. That's the forecast from the White House's Council of Economic Advisers, which expects American businesses to create an average of 95,000 jobs per month, hardly enough to keep up with the number of people entering the work force and far short of the [...]
Stocks Plummet As Jobless Claims Rise
After the Department of Labor released new unemployment figures Thursday, U.S. stocks plummeted to 10,002, down 268.37 points; its worst one-day slide since April. Today's numbers reflected initial unemployment claims filed for the week ending January 30, which rose 8,000 to 480,000. Once again, analysts were expecting a better outlook near the [...]
Cast of ABC’s “Ugly Betty” Jobless, But Not For Long!
The news of the cancellation of ABC's "Ugly Betty" had barely hit the Internet on Wednesday when the phones of the representatives of star Eric Mabius started ringing off the hook. With broadcast casting executives again in the hunt for good-looking thirtysomething leading men for pilots, Mabius' sudden availability made him instantly a hot [...]
Colorado Unemployment Rose in December
A weak holiday shopping season and last month's cold snap are getting the blame for a rising unemployment rate in Colorado. Colorado's seasonally adjusted rate increased six-tenths of one percentage point to 7.5 percent in December. In December of 2008, the rate was 5.8 percent. The Colorado Department of Labor and Employment says that the [...]
NBC To Pay Conan $40 Million
Reliable sources (the Wall Street Journal and CNN) are reporting that NBC is going to give Conan O'Brien $40 million to leave. Now that's a severance package I can support! I am available to be fired for $40 million, if anyone wants to fire me. Conan will be joining the ranks of the Unemployed Entrepreneurial Dreamers!
White House says stimulus funds have created 51,700 clean energy jobs
The White House reports today that the $5 billion in stimulus funds that has been spent to promote clean energy has created 51,700 jobs nationwide. Of the $787 billion stimulus package, $90 billion is related to clean energy, according to the second quarterly report to Congress on the Recovery Act's impact by the Council on Economic Advisers. [...]
UPS, Sam’s Club, and Pfizer Cut Jobs While White House Says Job Growth Coming
UPS, Sam’s Club and Pfizer announced today that they will all be cutting jobs this quarter. Sam's Club, the warehouse club division of Wal-Mart Stores Inc., announced that the closure of ten of its revenue struggling stores will result in the lost of about 1,500 jobs; United Parcel Service Inc. said it plans to eliminate 1,800 managerial jobs [...]
Ford to ADD 1,000 Jobs in Michigan
Good news came to Michigan today as Ford Motor Co. announced its creation of approximately 1,000 new jobs in southeast Michigan. The jobs stem from another $450 million investment by Ford to further consolidate its electric vehicle program and the production of advanced lithium ion batteries. With the nation’s highest unemployment rate of a [...]
