Tag Archives: jobs

BAE Systems to cut almost 2,000 jobs

BAE Systems is planning to cut almost 2,000 jobs in military, maritime and intelligence services, the firm says. A total of 750 posts will go at the Warton and Samlesbury plants in Lancashire where parts for the Eurofighter Typhoon are manufactured. BAE is facing an order gap for the Typhoon so wants to slow production before an expected order from Qatar. In all, a total of 1,400 roles will go across England in the firm’s air and information business, Outside Lancashire, 400 posts will close in Brough, East Yorkshire, and ...

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Good news in a bad jobs report: Wages going up

Hurricanes hit U.S. economy: 33,000 jobs lost in September The September jobs report looks troubling at first glance, but there may be some really good news below the surface. The Bureau of Labor Statistics reported Friday that average hourly wages have grown by 2.9% over the past 12 months. That is the highest level of annual wage growth in more than eight years, and it means some people are getting more in their paychecks. But now for the bad news. The jump in wages last month might be due to ...

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Wells Fargo to cut jobs at Charlotte headquarters

Warren and Yellen spar over Wells Fargo Wells Fargo is cutting jobs. The bank, which continues to reel from a series of scandals, said Friday that it’s laying off some positions in Charlotte, North Carolina — home to one of its corporate headquarters. The company declined to say how many people would be affected. Spokesperson Josh Dunn told CNNMoney that Wells Fargo employs about 24,500 people in the Charlotte area. Dunn said in a statement that cutting jobs is part of the company’s ongoing efforts to “become more efficient and ...

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How Trump compares with Obama so far on jobs

Job growth slows but unemployment still low Donald Trump’s job record as president so far has been pretty good. It’s just not as good as Barack Obama’s. Employers added 1,189,000 jobs in February through August, according to data released Friday. That falls short of the 1,375,000 jobs created during Obama’s last seven months. That means Trump is trailing Obama by 186,000 jobs when you compare the end of one presidency to the start of another. Here’s another way to look at it: How is Trump faring on a straight year-over-year ...

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4 things to watch for in the August jobs report

This job training program is at risk under Trump budget The U.S. Labor Department will release its newest report on the strength of the labor market at 8:30 ET on Friday. Here are some things to look for in the August jobs report. Another good month is expected. The news on jobs has been very good lately. ADP, the firm that processes paychecks, said this week that private-sector businesses added 237,000 jobs last month, the biggest gain in five months and up from 201,000 in July. Claims for jobless benefits ...

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Harvey aftermath; Jobs report; Round 2 of NAFTA talks; Retail earnings

Hurricane Harvey: Gas prices will spike as refineries shut down 1. Harvey aftermath: Tropical Storm Harvey pummeled southeastern Texas this weekend, killing at least two people and bringing “catastrophic” flooding to the coastal region. Investors are now trying to measure the impact of the devastation on the region’s economy. The storm forced the evacuation and shutdown of several refineries, sending gas prices up. Corpus Christi port personnel are working to assess the damage. Texas residents, especially those without flood insurance, are now grappling with the financial burden of rebuilding their ...

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Brexit Britain has too many jobs and not enough workers

The headaches of negotiating Brexit Britain is running out of workers. Employers have plenty of jobs to fill but potential hires are in short supply, according to a new report by the Recruitment and Employment Confederation (REC). The number of open permanent jobs grew at the fastest rate in 27 months in July. Meanwhile, the availability of both permanent and temporary workers fell sharply. It’s a trend that could accelerate ahead of Britain’s departure from the European Union. “The parts of the economy most reliant on European workers are under ...

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Blue Apron to move New Jersey plant and hundreds of jobs hang in the balance

Blue Apron is shutting down its operation in Jersey City and moving down the road. The meal-kit delivery service company said on Friday that it plans to move 1,270 employees from the existing fulfillment center to a newer, bigger facility in Linden, New Jersey about 15 miles away. The Jersey City location will close by October. Blue Apron(APRN) said in a statement that about 800 of the affected employees have already agreed to transfer to Linden. “We hope that the remainder of our Jersey City employees will join us in ...

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Trump jumps the gun on jobs report tweet — again

U.S. unemployment rate falls to 16-year low Oops, he did it again. President Donald Trump was so excited by the good news in Friday’s jobs report that he jumped the gun to tweet about it, violating a federal rule that requires an hour between when a report is released, and when federal officials can comment on the numbers. The 209,000 jobs added by employers in July and the drop in unemployment to 4.3% was just too much for the tweeter-in-chief to resist bragging about on Twitter. “Excellent Jobs Numbers just ...

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July jobs report: 4 things to know

I’m a janitor getting stock options The Trump economy turns six months old on Friday. Labor Department officials will publish the July jobs report at 8:30 a.m. ET. Here are 4 things to know. 1. Economy keeps humming: July was likely another good month for jobs. Economists surveyed by CNNMoney anticipate 183,000 jobs were added last month. They also forecast that the unemployment rate fell to 4.3% from 4.4% the prior month. Wage growth is expected to be around 2.4% — where it’s hovered for the last two years. 2. ...

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