May 18, 2013

April Employment Report Begins to Show the Signs of the “Obamacare Effect”


Read the original article at Money Morning

Economists breathed a sigh of relief when the Labor Department reported a better than expected April employment report on Friday, but the details show cracks still remain.

Many of the job gains proved to be in lower paying fields and the average number of hours worked dipped.

In fact, April’s report revealed the average workweek for private sector employees declined 0.2 hour to 34.4 hours.

The data also suggests The Affordable Health Care Act, aka Obamacare, is already having an impact on hiring since job growth has slowed most significantly among businesses with 50-499 employees.

This could be the reason why…

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Read the original article at Money Morning

January 2013 Jobs Report: 4 Reasons Unemployment Will Stay High


Read the original article at Money Morning

The U.S. Labor Department released the January 2013 jobs report Friday, showing the unemployment rate inched upward from 7.8% to 7.9%.

Employers added 157,000 jobs in January, short estimates of 168,000, which would have kept the unemployment rate stable.

The jobs report included some good news: Revisions to last year’s data, customary in January, show the U.S. added 335,000 more jobs than initially reported in 2012, bringing the monthly average for jobs gained to 181,000 from the 153,000 initially reported.

Employment gains for November and December were revised higher by a total of 127,000.

Contributing most to January payroll increases were the retail, construction and healthcare sectors. The government continued to shed workers, a trend that began four years ago.

But the employment outlook remains bleak. Joblessness has proved persistent, with the unemployment rate stuck above an unhealthy 7% for more than four years.

“The good news is that January’s employment gains, coupled with large revisions to the prior months, may translate into more consumer spending power. The bad news is that unemployment remains stubbornly high,” said Kathy Bostjanic, director of macroeconomics analysis at the Conference Board.

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Read the original article at Money Morning

Jobs Report: Unemployment Rate Holds Steady At 7.8 Percent


Read the original article at DailyFinance.com

Filed under: Economy, Labor, JobsBy Jason Lange

WASHINGTON — The pace of hiring by U.S. employers eased slightly in December, pointing to a lackluster pace of economic growth that was unable to make further inroads in the country’s still high unemplo…

Read the original article at DailyFinance.com

Jobs Report: Unemployment Rate Holds Steady At 7.8 Percent


Read the original article at DailyFinance.com

Filed under: Economy, Labor, JobsBy Jason Lange

WASHINGTON — The pace of hiring by U.S. employers eased slightly in December, pointing to a lackluster pace of economic growth that was unable to make further inroads in the country’s still high unemplo…

Read the original article at DailyFinance.com

Avon to Cut 1,500 Jobs; CEO Says Layoff Will Stabilize Company


Read the original article at DailyFinance.com

Filed under: Company News, Stocks in the News, Jobs

NEW YORK (AP) – Avon Products said it will cut about 1,500 jobs and exit two Asian markets – South Korea and Vietnam – as the struggling beauty products seller takes some initial steps toward its cos…

Read the original article at DailyFinance.com