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Economy Adds 379,000 Jobs In February: What You Need To Know
Friday, March 5, 2021 - 11:10am | 363Read More...The U.S. economy gained 379,000 in February, according to the latest data published by the U.S. Bureau of Labor Statistics, a significant uptick from January’s addition of only 49,000 jobs. The unemployment rate dipped slightly from 6.3% in January to 6.2% for February. February’s long-...
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How Kevin O'Leary's Beanstox App Helps Unlock Financial Independence
Monday, December 7, 2020 - 12:05pm | 766Read More...One-third of the population has no plan for retirement. That’s according to famed investor and businessman Kevin O’Leary, who spoke with Benzinga about his experiences during the coronavirus pandemic — and financial literacy initiatives for 2021. In March...
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Goldman Plans Second Round Of Job Cuts In 3 Months: Report
Wednesday, November 18, 2020 - 3:17am | 363Read More...Goldman Sachs Group Inc (NYSE: GS) is planning another round of layoffs, people familiar with the matter told Bloomberg. The bank has been letting employees go as are part of its plan for $1.3 billion cost control measures within a three-year period, as announced in January this...
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Disney To Let Go 28,000 Theme Park Workers As Pandemic Forces 'Difficult Decisions'
Wednesday, September 30, 2020 - 12:18am | 320Read More...Walt Disney Co (NYSE: DIS) theme parks are still dealing with the impact of lockdown and the company is forced to slash around 28,000 jobs, it said in an internal memo accessed by CNBC. Josh D’Amaro, head of parks at Disney, in the memo said that approximately two-thirds of the...
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'Natural Period Of Consolidation': Stock Market Update For The Week Ahead
Sunday, September 27, 2020 - 7:20pm | 1957Read More...The Past Week, In A Nutshell What Happened: Last week ended negative with mega-cap and technology stocks regaining strength into week-end. Remember This: “Markets had embedded substantial optimism in early September, with the valuation of the S&P 500 at the highest level in 20 years and...
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Salesforce To Add 12,000 Jobs In A Year, As Part Of Fire-And-Hire Plan
Friday, September 18, 2020 - 3:07am | 423Read More...Salesforce.com Inc (NYSE: CRM) – the cloud-based platform offering customer relationship management services, announced the "Salesforce Talent Alliance" on Wednesday. As a part of the initiative, Salesforce, along with its partners, plans to build a highly-skilled diverse workforce...
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Upwork Economist: August Unemployment Better Than Expected, But It's Still A Recession
Friday, September 4, 2020 - 10:29am | 375Read More...The national unemployment rate was 8.4% in August, the Bureau of Labor and Statistics said Friday. The number of unemployed people fell by 2.8 million to 13.6 million. What Happened: Total non-farm payroll employment increased by 1.4 million jobs during August. Employment gains occurred in...
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A Look At Jobs Data Ahead Of Friday's Unemployment Rate Release
Thursday, September 3, 2020 - 3:49pm | 451Read More...For the week ending Aug. 29, the advance figure for seasonally adjusted initial unemployment claims was 881,000, the Department of Labor said — a decrease of 130,000 from the previous week's revised level. What Happened: Thursday’s numbers were the first release done...
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States Showing The Most, Least Improvement In July Unemployment Numbers
Friday, August 21, 2020 - 3:42pm | 200Read More...Unemployment rates fell in 30 states month-over-month in July, rose in nine states, and were stable in 11 states and the District of Columbia, the U.S. Bureau of Labor Statistics said Friday. What Happened: Payroll employment varied state-to-state and was mainly driven by...
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Breaking Down June Jobs Numbers: Do Slowing Layoffs Signal A Recovery?
Monday, August 10, 2020 - 3:31pm | 272Read More...Job openings increased to 5.9 million on the last business day of June, while hires decreased to 6.7 million in June, the Bureau of Labor Statistics said Monday. What Happened: While both openings and hires decreased from May’s record-setting numbers, June's 6.7 million hires...
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National Unemployment Rate Falls In July: Is A Recovery Underway In Some Sectors?
Friday, August 7, 2020 - 10:50am | 284Read More...The national unemployment rate was 10.5% in July, the Bureau of Labor and Statistics said Friday. The number of unemployed people fell by 1.4 million to 16.3 million. What Happened: The national unemployment rate decreased 0.9% from the reported 11.1% rate for the month of June. Even with...
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The Philosophical Debate Over Federal Unemployment Benefits
Friday, August 7, 2020 - 8:10am | 412Read More...On July 31, additional federal unemployment insurance came to an end, affecting the finances of millions of Americans Despite what some skeptics assume, there is little evidence that increased unemployment insurance discourages people from working. Congress has yet to decide whether...
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Are Drivers Staying Out Of The Market To Collect Unemployment? (With Video)
Thursday, August 6, 2020 - 3:30pm | 139Read More...On today's Midday Market Update, Michael Vincent and Kevin Hill talk about the SONAR-powered data, issues and news that move you. They're joined by Sherman Barnes II, head of sales and marketing at Trio Trucking Inc.; Nate Robert, co-founder at Baton; and FreightWaves market experts Andrew Cox,...
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What To Expect From July Unemployment Data: Economists Forecast Slowing Recovery
Wednesday, August 5, 2020 - 4:16pm | 362Read More...National unemployment numbers for July are set to be released Friday by the Bureau of Labor Statistics, and experts are expecting an increase in the unemployment rate. Early July Predictions: According to a labor report for July released by Automatic Data Processing Inc (...
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South Africa: Stimulus, Low Rates Face Challenges
Tuesday, July 21, 2020 - 1:12pm | 2107Read More...As with most of the world, South Africa’s economy has been hard hit by the coronavirus pandemic. Activity in certain sectors such as mining and manufacturing fell more than 40% year-over-year in May as the country entered a strict lockdown phase (Figure 1 and 2). Figure 1: South African...
