Posted on Thursday, August 25, 2011 at 12:00 pm CDT
Not just this, but Bank of America is bearing the pain of struggling under the weight of bad mortgage assets. This is one of the major reasons, of the various factors, to cut 3,500 jobs, after 2,500 reductions year to date.
Source: Hound.com
Posted on Monday, August 22, 2011 at 11:05 am CDT
McGinn announced the Weatherize Every Building program in April of last year. The goals were generating 2,000 living-wage jobs in Seattle and 2,000 existing buildings would be improved with energy efficiency equipment in poorer neighborhoods
Source: Hound.com
Posted on Thursday, August 11, 2011 at 12:47 pm CDT
According to the Bureau of Labor Statistics, there are 13.9 million Americans unemployed and looking for work, down from about 14.1 million the previous month.
Source: Hound.com
Posted on Monday, August 08, 2011 at 1:34 pm CDT
For streamlining itself, 195 HSBC retail banking branches in the United States will be sold to First Niagara Bank for just about US$1 billion. Most of these branches are in upstate New York, while six are in Connecticut.
Source: Hound.com
Posted on Tuesday, July 05, 2011 at 11:56 am CDT
Federal official say that last year at least $17 billion in benefits were given out to people who were not eligible for it.
Source: Hound.com
Posted on Wednesday, June 22, 2011 at 11:03 am CDT
California’s Bay Area also saw job losses of around 2,000 people. The losses there were primarily in the hi-tech sector.
Source: Hound.com
Posted on Tuesday, June 14, 2011 at 12:31 pm CDT
The total stood at 427,000 people for the week ending June 4. Mark Vitner, an economist with Wells Frago says that jobless claims over 400,000 mean a recession and it can also mean signs of an economy recovering from a severe recession.
Source: Hound.com
Posted on Monday, June 06, 2011 at 3:08 pm CDT
The number was the lowest in eight months and has pushed the unemployment rate back to 9.1 percent. The Labor Department blamed it on the high gas prices and the hit the Japanese economy took because of the tsunami.
Source: Hound.com
Posted on Saturday, May 28, 2011 at 12:24 pm CDT
The initial unemployment claims that were filed last week were unexpectedly high, reaching a total of 424,000 people for the week ending May 21.
Source: Hound.com
Posted on Friday, May 06, 2011 at 11:56 am CDT
The Labor Department in a report released last week has said that there are at least one million Americans now who have exhausted their unemployment benefits.
Source: Hound.com