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Why Wall Street’s Layoffs Are More Serious Than You Think

All that talk about cutbacks and layoffs on Wall Street are coming to a head. Bank of America has reportedly started the first phase of a massive layoff plan by notifying some of its employees that they no longer work for the company

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Unemployment rate falls but US economy remains sluggish

The household survey is used to calculate the unemployment rate but is less reliable in counting jobs data. Employment services, which include temporary help companies, added 14400 positions in the month.

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Economy adds 80,000 jobs in October, as unemployment rate dips to 9 percent

The Labor Department says the economy added 80,000 jobs last month, the fewest in four months and below September’s revised total of 158,000. The unemployment rate dipped to 9 percent.

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ADP: Private Sector Adds 110000 Jobs

Other job data also suggest some improvement in the labor markets. Private-sector jobs in the US rose by 110000 last month, according to a national employment report published by payroll giant Automatic Data Processing Inc.

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Private-sector data highlights weak US job market

The unemployment scourge ravaging the United States showed no sign of letup in October, as the world’s biggest economy struggles to recover from recession

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Oilfield jobs boom in US despite recession: Bureau of Labor Statistics

Jobs related to oil and gas drilling account for more than one in eight of all net new nonfarm jobs in the United States since 2003

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Report: Marcellus jobs see increase

Employment in fields directly linked to Marcellus Shale gas development increased to 20387 in the first quarter of 2011

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Data Centre Development to Deliver 250 Jobs to Western Sydney

Data centre developments are expected to provide approximately 250 jobs in the Western Sydney Employment Hub.

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The Job Market: July 2011

Jeff Altman, The Big Game Hunter, and his views on the job market. “I have been blogging about the job market in the US and around the world since August 2001.” ——————————————– Usually, when I write The Job Market report, I write separate versions for job hunters and employers because there are different issues that [...]

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The Job Market: June 2011

Last month, in the midst of the euphoria about a strong employment report, I pointed out a big discrepancy between the government report and the ADP report. I wrote: To me, sitting in the trenches of recruiting and hiring, despite the rejoicing going on, hiring still feels somewhat muted. Companies are only hiring people with [...]

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