jobs

What the Latest Unemployment Report Can Tell You About the Economy

What the Latest Unemployment Report Can Tell You About the Economy

The latest Unemployment Rate Report, released on July 6th, by the Labor Department, showed 213,000 jobs added last month, which surpassed economists' expectation of 200,000. Meanwhile, there was an increase in the unemployment rate from 3.8..

General Mills Announces Plan to Cut Jobs

General Mills Announces Plan to Cut Jobs

General Mills Inc. (NYSE:GIS), a maker of Cheerios cereal and one of the largest cold cereal producers in the U.S., announced on Wednesday that it will be cutting 625 jobs amid rising commodity and freight costs, as well as slowing sales of its Yopl..

Rolls-Royce can Face Thousands of Job Cuts

Rolls-Royce can Face Thousands of Job Cuts

Rolls-Royce Holdings PLC’s engine-durability problems worsened after the company found new issues that will require extra repair shop visits on a further lot of turbines that power Boeing Co.’s 787 Dream liner.The newly discovered glitch..

Tesla cuts 9% of its workforce for profit

Tesla cuts 9% of its workforce for profit

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, in an email to employees, wrote “Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job functions that, while they made sense in th..

Deutsche Bank Shares Slip After Plans to Cut 7000 Jobs

Deutsche Bank Shares Slip After Plans to Cut 7000 Jobs

Deutsche Bank (NYSE:DB) shares slipped by 6.4 percent after it announced to cut more than 7,000 jobs to reduce expenses and return profitability back to reassure investors and clients.The bank released a statement regarding its Equities business rev..

Wage Increase Stagnation in an Environment of Declining Productivity and Increasing Inflation

Wage Increase Stagnation in an Environment of Declining Productivity and Increasing Inflation

In 2017, with the historically low unemployment rate of 3.9% and over 200,000 jobs gain through 2018, the wage growth remained sluggish. According to historical data provided by Labor Department, there is a 4.3% rose in 2000 when the unemployment ra..

Sears Shares Rise on CEO Offer to Buy Kenmore

Sears Shares Rise on CEO Offer to Buy Kenmore

Sears Holdings Corp. (NASDAQ: SHLD) Chief Executive Officer Edward Lampert is offering a bid to purchase Kenmore appliance brand after struggling to find a buyer in efforts to save what’s left of the company. Shares rose by as much as 8 percen..