Tag Archives: jobs

U.S. economy loses 33,000 jobs after hurricanes, first decline in seven years. But unemployment falls to 4.2 percent

Widespread flooding caused by Hurricane Harvey in La Grange, Tex. (Ralph Barrera/Austin American-Statesman/AP) The U.S. economy lost 33,000 jobs in the aftermath of Hurricanes Harvey and Irma last month, the first decline since September 2010. The unemployment rate declined slightly to 4.2 percent, the lowest since February 2001. Analysts had been expecting job growth to slump in September after the one-two punch ... Read More »

US economy creates 209,000 jobs in July

The US economy saw strong jobs growth in July, helped by a wave of hiring in the hospitality industry. The Bureau of Labor Statistics said 209,000 jobs were created in July, which was more had been expected. The unemployment rate edged lower to 4.3%, matching May’s figure which was the lowest since 2001. Employment in food services and drinking places rose ... Read More »

IT export to grow at 7-8%, 1.5 lakh jobs to be created in 2017-18: Nasscom

Indian IT exports will grow by 7-8 %, unchanged from previous year’s growth, despite protectionist voices in major markets like the US, industry body Nasscom said today. The $ 156 billion Indian industry — the biggest job creator in the organised sector — is also projected to add 1.3-1.5 lakh new jobs during 2017-18 compared to a net hiring of ... Read More »

US firms added 227,000 jobs in January

US businesses added 227,000 jobs in January, way above economists’ forecasts of about 175,000. The figure, from the Bureau of Labor Statistics, compares with December’s rise of 157,000, revised up slightly from last month’s first estimate. However, average pay barely rose, and the number of people working part-time but looking for full-time work rose. Even so, the jobs growth suggests ... Read More »

Brexit threatens 10 percent of London financial jobs: lobby group

Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called for full access after June’s vote to leave the European Union but such hopes have now faded, leaving the sector to call for ... Read More »

Bond yields slip on U.S. jobs data, euro steady before Italy vote

Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a rise sparked by a cut in oil output agreed this week by the ... Read More »

Lloyds Banking Group to close 49 branches and cut 665 jobs

Lloyds Banking Group is cutting 665 jobs and closing 49 branches as it continues to cut costs in an attempt to complete its return to the private sector. To cushion the blow of further branch closures, the bank – bailed out in 2008 – is launching a fleet of mobile vans intended to visit communities knocked by the disappearance of ... Read More »

Eurostar aims to cut 80 jobs as traffic suffers after attacks

Train operator Eurostar wants to cut 80 jobs this year as it struggles with weak traffic on the service that links Britain with continental Europe after a string of deadly attacks in Paris and Brussels, a spokeswoman said on Tuesday. The company could not confirm British media reports saying Eurostar would cut two daily trains to Paris and one to ... Read More »

Samsung Vietnam says no cuts in jobs this year despite Note 7 woes

Samsung Vietnam will maintain its current staff numbers, the firm said on Wednesday, despite the parent company scrapping its flagship Galaxy Note 7 phone following a series of battery fires. Samsung Electronics, which employs around 110,000 people in Vietnam, finally pulled the plug on the new Note 7 phone on Tuesday, less than two months after its launch, dealing a ... Read More »

ING to cut 5,800 jobs in digital plan

Dutch bank ING says it intends to cut about 5,800 jobs in Belgium and the Netherlands over the next five years as part of a cost-cutting plan. The bank said the aim was to speed up the adoption of new technology and “continue to lead in digital banking”. It said 3,500 jobs would go in Belgium and 2,300 in the ... Read More »