T-Mobile USA laid off about 1,900 workers in March. In May, they announced that another 900 job cuts were coming. But it seems the company has been staffing up elsewhere. T-Mobile USA has moved a number of call-center jobs overseas, according to the Department of Labor, leaving its American ex-employees out in the cold. The Labor Department began investigating [...]
With black unemployment reaching historic levels, banks laying off tens of thousands and law school graduates waiting tables, why aren’t more African-Americans looking toward science, technology, engineering and math – the still-hiring careers known as STEM? The answer turns out to be a complex equation of self-doubt, stereotypes, discouragement and economics – and sometimes just [...]
Cautious analysts warned long-suffering shareholders of accident-prone BowLeven not to get too excited after the shares gushed to 123.25p before closing 45.50p or 60 per cent higher at 120.75p on news of a major discovery at Sapele-1 well offshore Cameroon. Even though the company said it has found oil and gas condensate in significant quantities [...]
Assets under management at investment firm Jupiter tumbled 10 per cent to £22.3billion in the past quarter as it fell victim to the stock market carnage over the summer. But Jupiter Fund Management stressed it had shown resilience in the face of declines for the FTSE 100, which fell 14 per cent in the three [...]
EDGEWATER, Colo. — Before the unraveling, Selena Blanco and her family felt secure in their hold on middle class life in this bedroom community just west of Denver. She and her husband both held professional jobs in industries that seemed sheltered from trouble, his in technology, hers in health care. Together they brought home $100,000 [...]
As Yale University economists gathered on Thursday evening to discuss job growth strategies, many warned that a failure to act aggressively risks the increasing possibility of many years of economic stagnation, elevated joblessness and declining living standards. Some suggested that the government must act quickly to put millions of Americans back to work with large-scale [...]
Americans’ ability to access basic life necessities are at recession lows. And the country likely won’t catch up with pre-recession incomes for a long time. Gallup’s Basic Necessities Index fell to a level on bar with lows measured in February and March 2009. At the same time, the U.S. median income declined 7 percent in the [...]
WASHINGTON (AP) — A day after Senate Republicans killed his $447 billion jobs bill, President Barack Obama said he isn’t taking no for an answer. In his first, combative appearance since a united Senate GOP caucus filibustered the jobs plan to death, Obama promised to keep the pressure on Congress for his job initiatives. “Now [...]
Evidence that a major slowdown in economic activity is hitting the UK job market emerged today as unemployment surged past 2.5million to a 17-year high. The total number of jobless adults increased by a hefty 114,000 to 2.57million in June-to-August, official figures showed today, the worst figure since the autumn of 1994. A jobless rate [...]
As Congress weighs the Obama administration’s jobs package, RLJ Companies CEO Robert Johnson is pushing a proposal that he says marshals the capacity of the nation’s biggest companies to significantly reduce black unemployment. Johnson has dubbed his idea the “RLJ Rule.” It calls on Fortune 1000 companies to voluntarily consider a more diverse pool of [...]
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