jobs

VW HR chief says expects five-digit number of job cuts: FAZ

BERLIN/FRANKFURT (Reuters) – Volkswagen expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker's human resources chief. Karlheinz Blessing, who sits on VW group's nine-member top management board, said the carmaker will need to cut jobs in production as assembly of electric engines requires fewer workers than making combustion engines, the newspaper said, citing an interview to be published in Saturday's …

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VW HR chief says expects five-digit number of job cuts: FAZ

jobs

Once jobless and uncounted, eager workers could slow Fed rate hike

By Howard Schneider WELLSTON, Missouri (Reuters) – The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise. Among those in the building on a recent fall day, 23-year-old Joshua Goodson described his recent work history as a “dead end…

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Once jobless and uncounted, eager workers could slow Fed rate hike

jobs

U.S. jobless claims rise marginally, factory orders decline

The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July. Despite the increases, the labor market remains healthy and will probably continue to support economic growth for the rest of this year

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U.S. jobless claims rise marginally, factory orders decline

jobs

U.S. job market firming despite anemic economic growth

The number of Americans filing for unemployment benefits fell more than expected last week, suggesting the labor market continued to strengthen despite tepid economic growth. Initial claims for state unemployment benefits declined 9,000 to a seasonally adjusted 267,000 for the week ended …

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U.S. job market firming despite anemic economic growth

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Six months into ‘Dieselgate’ scandal, gloom deepens in VW’s hometown

By Andreas Cremer WOLFSBURG, Germany (Reuters) – When Martin Winterkorn dropped by to order some new glasses in the Volkswagen company town of Wolfsburg, he was “visibly dejected”, according to his optician. Six months into the “Dieselgate” affair surrounding VW, the mood in Wolfsburg – where almost half the population works at its giant…

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Six months into ‘Dieselgate’ scandal, gloom deepens in VW’s hometown

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U.S. small businesses boost hiring in January: NFIB

U.S. small businesses stepped up hiring in January after taking a pause in December and many continued to point to difficulty finding qualified workers, a survey showed on Thursday. The monthly survey of the National Federation of Independent Business showed that 52 percent of respondents said they were hiring or trying…

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U.S. small businesses boost hiring in January: NFIB

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Jobless claims rise sharply during holiday week

The number of Americans filing new claims for unemployment benefits rose sharply last week, a potential signal the job market was losing steam although some of the increase might be attributed to temporary holiday factors. Initial claims for state unemployment benefits rose 20,000to a seasonally adjusted 287,000 for the week ended Dec.26, the U.S. Labor Department said on Thursday. Many economists expect a slower pace of job market improvement in 2016 even as the unemployment rate falls further from its current 5 percent.

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Jobless claims rise sharply during holiday week