jobs

Bank of America may close 600 branches, axe 30000 jobs

The Bank of America may close 600 branches and lay off around 30,000 employees in the coming years, according to several media reports.

No new jobs added in August, jobless rate steady at 9.1%

The latest report on unemployment statistics is nothing to cheer about. In fact, it points to the dark clouds of recession hovering over the U.S economy. U.S economy.

Fuel-efficient cars creating jobs in US

A report released jointly by the National Wildlife Fund and the National Resource Defense Council (NRDC) along with United Auto Workers (UAW) shows that around 151,000 workers in the U.S. auto sector are engaged in ‘green jobs,’ aimed at providing clean and fuel-efficient vehicle technologies.

Nearly 17000 apply for merely 1800 Ford jobs

As many as 16,837 people have approached the local Kentucky Office of Employment & Training during the last week to apply for the 1800 jobs at Ford’s Louisville Assembly Plant.

US jobless rate rises to 9.2% in June

Hiring in the United States slowed down considerably last month raising apprehensions that the lukewarm recovery witnessed so far has stalled out.

RIM slashes profit forecast

Research In Motion (RIM), maker of the BlackBerry smart phone predicted that its profits may drop and the company may have to cut jobs.

US Jobless rate hits 9.1% in May

Latest data on unemployment has raised fears that recovery in the U.S job market may have already peaked.

GE Capital to create 1000 jobs in Chicago

GE Capital plans to “double-down on Chicago” and that too without a government subsidy. The financial services behemoth might create as many as 1,000 additional jobs in the next 3 years.

US home prices fall, touch 9-year low

The sale of pre-owned house in the United States continued its downward journey and dipped by 9.6 percent to touch an all time low in 9 years.

EEOC probing reports of employers' bias against the jobless

A recent probe initiated by the Equal Employment Opportunities Commission (EEOC) is trying to find out if the unemployed are discriminated against by employers while giving jobs. The advocates for the workers told the commission that there is a bias against the unemployed.

US labour market data for January disappointing

It seems that the United States is still struggling to recover from the economic slowdown. Jobs data for the month of January released this month has come out with disappointing figures. Only 36000 people got a job last month, which experts say is far less than what had been expected.

Black Swan Hunting for 2011

This article has been adapted from our sister site across the pond, Fool U.K.

The entire point of author Nassim Taleb's ironically now ubiquitous "Black Swan" metaphor was that nobody in the white swan-strewn Old World foresaw the black version of the bird until they encountered Australia, where millions of black swans were waddling about their business.