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Tag: US economy
Starbucks pastor-to-be shows shift in US job market
By Agencies Featured stories and job trends
US economy
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part-time
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US Unemployment
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Barista
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Bank of America
The case of a part-time Starbucks barista who is studying to be a pastor points to a US labour market in the early stages of a shift toward more full-time employment choices rather than just low-paying and part-time positions
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US fast-food workers plan strikes over minimum wage
By Agencies Job Market Trend Report
McDonald's
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US economy
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US Fast-Food
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US Labour Unions
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Wendy’s
Employees of McDonald’s, Wendy’s, Burger King and others have pledged to walk off their jobs in 50 cities and are expected to be joined by retail employees at stores owned by Macy’s, Sears and Dollar Tree in some cities, to demand that the federal minimum wage be raised to US$15 per hour from the current US$7.25
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Fewer airline jobs as US carriers trim ranks
By Agencies Job Market Trend Report
US economy
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US Unemployment
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American Airlines
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AMR Corp
,
Southwest Airlines
Amid high fuel costs, US airlines employed the equivalent of 381,441 workers in June, down 2.4pc from the same month last year – marking the 10th straight month of decline compared with a year earlier – as American Airlines cut about 5,400 jobs, or 8.4pc of its workforce, although parent firm AMR Corp is back in black
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With jobs likely, Detroit’s workers fall short on skills
By Agencies Job Market Trend Report
US economy
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Manufacturing
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Unemployment
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joblessness
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labour market
There are jobs on the horizon for the bankrupt city of Detroit, with some US$8 billion in potential infrastructure expected to fuel a surge in service-related jobs. However, some fear that the Motor City’s labour force is unprepared for the jobs that may be coming
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American dream turns elusive in US white heartland
By Agencies Featured stories and job trends
US economy
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President Barack Obama
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US Unemployment
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US Jobless
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US Poverty
Indicating deteriorating economic security and an elusive American dream, four out of five US adults – many of them white – struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, largely due to an increasingly globalised US economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs
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Job gains signal US doing better than GDP shows
By Agencies Job Market Trend Report
US economy
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US Unemployment
,
General Electric
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Federal Reserve
,
US Jobless
Key US economic indicators – such as tax receipts, consumer confidence, as well as auto and home sales – are confirming the improvement in the labour market, but GDP seems to be overstating the weakness in output
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US jobless claims rise modestly in latest week
By Agencies Job Market Trend Report
US economy
,
US Unemployment
,
Federal Reserve
,
Ben Bernanke
,
US Jobless Claims
In a sign the US labour market continues to improve at a moderate pace amid this year’s tax hikes and federal budget cuts, initial claims for state unemployment benefits increased by 7,000 to a seasonally adjusted 343,000
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Is ‘Obamacare’ unhealthy for full-time jobs?
By Agencies Featured stories and job trends
US economy
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Ben Bernanke
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US Jobs
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Federal Open Market Committee
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FOMC
Part-time employment in the US has been outpacing full-time job growth since 2008. Economists cite still-tough economic conditions as the root cause, but some say President Barack Obama’s 2010 health-care law has exacerbated the trend
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Fed sees US jobless rate at 6.5pc by end-2014
By Agencies Job Market Trend Report
Federal Reserve
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Interest rate
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US economy
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Inflation
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US unemployment rate
Jobless rate may hit 6.8pc to 6.5pc threshold by end-2014, prompting the Fed to raise the benchmark lending rate, possibly in 2015 or later
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