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Keyword: jobs

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  • CCAC cutting hours to avoid health-care mandate

    11/15/2012 9:08:45 PM PST · by knak · 38 replies
    Community College of Allegheny County will trim hours for about 400 of its part-time workers to avoid having to provide them with health insurance coverage, the school's president, Alex Johnson, said Thursday. Mr. Johnson told members of Allegheny County Council that complying with the requirements of the federal Affordable Care Act, informally known as Obamacare, would have cost CCAC $6 million annually for part-timers who have been working at least 30 hours per week. Affected employees include both adjunct faculty and maintenance workers. CCAC has an annual operating budget of about $110 million and is facing reductions in county support...
  • Blue collar comeback: Part two

    11/15/2012 8:58:52 PM PST · by count-your-change · 16 replies
    WLFI ,COM 18 ^ | 11/15/2012 | Krista Henery
    President and CEO of Greater Lafayette Commerce Joe Seaman said there is a sea of manufacturing opportunities in this region of Indiana. However, with the opportunities there comes what employers call a major 'skills gap.' "The biggest challenge we've had is finding the skilled labor to fill those jobs," Seaman said...... One of the solutions to this problem has been a collaborative effort between the city of Lafayette, Tippecanoe County, WorkOne, dozens of manufacturers and Ivy Tech.
  • Harry Reid: Regulations have nothing to do with killing jobs

    11/15/2012 6:09:04 PM PST · by SeekAndFind · 64 replies
    Hotair ^ | 11/15/2012 | Mary Katherine Ham
    Sen. Harry Reid, in a floor speech Tuesday: Republicans "have yet to produce a single shred of evidence that the regulations they hate so much do the broad economic harms they claim. That's because there is none," said Reid, the Senate majority leader from Nevada.In a Senate speech, Reid said the Bureau of Labor Statistics has concluded "only a tiny fraction of layoffs have anything at all to do with tighter regulation.""Last year, only three-tenths of 1 percent of people who lost their jobs were let go principally because of government regulation or intervention," Reid said. "On the other hand,...
  • Banks told by Fed to test for 12% unemployment

    11/15/2012 3:47:54 PM PST · by Obadiah · 30 replies
    Market Watch ^ | 11/15/2012 | Ronald D. Orol
    The Federal Reserve is asking 30 big banks to make sure their capital can withstand a deep recession in which the unemployment rate rises to 12%. The Fed, which first required big banks to conduct “stress tests” in 2009, laid out three scenarios lenders have to test against. The goal is to ensure that the firms have enough capital to continue operations during stressful economic times.
  • Just a few of the layoffs in the past 48 hours

    11/15/2012 3:15:14 PM PST · by yorkie · 31 replies
    Multiple sources | 11/15/12 | Vanity
    SMITHFIELD FOODS - 120(+400)- http://www.washingtonpost.com/../..c_story.html CUMMINS - 1,500 - http://indianapublicmedia.org/../..rkers-40137/ HARTMARX - 567 - http://www.chicagotribune.com/../..104523.story ENERGIZER - 1,500 - http://www.fool.com/investing/../..-jumped.aspx XEROX - 2,500 - http://www.ksdk.com/news/artic../..0-employees- PIERCE MANUFACTURING - 325 - http://www.bizjournals.com/tam../..-pierce.html PANASONIC - 10,000 - http://news.cnet.com/8301-1001../..n-to-health/ TEXAS INSTRUMENTS - 1,700 - http://money.cnn.com/2012/11/1../..nts-layoffs/ NBC UNIVERSAL - 500 - http://www.hollywoodreporter.c../..ersal-389572 BECHTEL POWER PLANT - 277 - http://www.bizjournals.com/sou../..-of-277.html STRYKER CORP. - 1,170 - http://www.examiner.com/articl../..-200-workers APPLEBEES -massive layoffs - http://www.examiner.com/articl../..nd-obamacare
  • Why The U.S. Job Market Remains Terribly Bleak

    11/15/2012 2:33:25 PM PST · by SeekAndFind · 12 replies
    Forbes ^ | 11/15/2012 | John Goodman
    Full time work is about to get scarcer. The reason? By hiring part-time workers who put in less than 30 hours per week, employers can avoid a mandate dictated by the new health reform law: either provide expensive health insurance or pay a fine equal to $2,000 per worker. Avoiding the mandate becomes even more attractive for low-wage employees, since they can get highly subsidized insurance in the newly created health insurance exchanges. Clearly the Affordable Care Act (ObamaCare) is a major factor holding back economic recovery. But it’s not alone. Other public policies enacted during the Obama administration’s first...
  • The Reality of Economic Decline Surfaces After Obama's Reelection

    11/15/2012 1:31:29 PM PST · by whitedog57 · 9 replies
    Confounded Interest ^ | 11/15/2012 | Anthony B. Sanders
    Initial jobless claims rose to 439,000, their highest level since May 2011. And no, it isn't due to SuperStorm Sandy. Rather, it was increases in Ohio and Pennsylvania that led the surge. Continuing jobless claims spiked as well, their highest point since March 2012. Meanwhile, the Empire State Manufacturing Survey of General Businesss Conditions improved from -6.16 in October to -5.22 in November. The Philadelphia Fed Business Outlook of General Conditions fell to -10.7 from an October reading of +5.7. Meanwhile, The Dow Jones Industrials continue their post election slide. Oogh!
  • Now Hiring Bachelor’s?

    11/15/2012 12:58:53 PM PST · by eagleye85 · 11 replies
    Eagleye Blog ^ | November 15, 2012 | Bethany Stotts
    As recently reported by USA Today, one third of millennials have earned four-year degrees. In my previous blog entry I discussed the financial perils facing these students, who often graduate unable to find a job in their major (unemployed or underemployed) and saddled heavily with debt. However, it looks like the job market for those with Bachelor’s degrees is creeping upward somewhat, according to a new report issued by Michigan State University (pdf). “The new college labor market inches ahead with a 3 percent gain over last year across all degrees,” it states. “Strong demand for marketing, finance, human resources,...
  • President Obama Is Why Investors Aren’t Buying Stocks: Schoenberger

    11/15/2012 11:07:59 AM PST · by John W · 19 replies
    Yahoo Finance ^ | November 15, 2012 | Jeff Macke
    "President Obama; that's why people aren't buying stocks," says Todd Schoenberger, managing principal at The BlackBay Group. 1. Companies aren't going to hire with the increased expenses associated with Obamacare 2. People aren't going to have money for discretionary spending when taxes going up for the 1% 3. Small business owners won't expand 4. Higher tax rates for individuals making over $250,000 a year will result in a general lack of ambition.
  • Wake Forest Baptist Hospital to eliminate 950 jobs

    11/15/2012 10:12:18 AM PST · by Arthurio · 12 replies
    10:07 am - November 15, 2012 — Updated: 10:07 am - November 15, 2012 Wake Forest Baptist Hospital to eliminate 950 jobs Associated Press WINSTON-SALEM — Wake Forest Baptist Medical Center says it will lay off 76 employees this week and cut a total of 950 jobs by the end of June. Chief executive Dr. John McConnell said Wednesday most of the cuts are administrative positions, but some faculty members could lose their jobs due to cuts in federal research funding.
  • TI Cuts 1,700 Jobs, Exits Mobile Chip Market

    11/15/2012 10:10:49 AM PST · by Arthurio · 11 replies
    By Paul McDougall InformationWeek November 15, 2012 11:37 AM Texas Instruments said it will lay off about 1,700 workers, or about 5% of its total workforce, as part of a restructuring that will see it exit the market for mobile chips that power smartphones and tablets, including Amazon's Kindle Fire. The company said it would instead focus its OMAP (Open Multimedia Applications Platform) business on embedded systems that power business tools and other products that don't evolve as rapidly as mobile gadgets.
  • Hostess to liquidate if bakers' strike continues through Thursday (18,000 jobs)

    11/14/2012 4:45:23 PM PST · by tobyhill · 218 replies
    cnn money ^ | 11/14/2012 | By James O'Toole
    Hostess Brands said Wednesday that it will go into liquidation unless bakers striking in protest against a new contract imposed in bankruptcy court return to work by the end of the day Thursday. "We simply do not have the financial resources to survive an ongoing national strike," Hostess CEO Greg Rayburn said in a statement. The liquidation would result in Hostess' nearly 18,000 workers losing their jobs. The bakers' union represents around 5,000. The union did not immediately respond to a request for comment Wednesday, but has called the concessions demanded in the new contract "outrageous." "Our members are on...
  • Minnesota employers cut 8,100 jobs in October

    11/15/2012 10:08:57 AM PST · by Arthurio · 43 replies
    Minnesota employers cut 8,100 jobs statewide in October, by far the worst monthly job report of the year. A massive positive revision to the September numbers helped offset the loss, but the state’s employment and economic development agency, DEED, reported major losses in administrative support and lower-paid business services jobs, which shed 4,800 jobs. State government lost 1,900 jobs, mostly in education, and durable goods manufacturing lost 800 jobs. “Employment data for October does certainly reinforce the concerns we’ve expressed here, that the recovery, while it does continue, is a fragile one,” said Steve Hine, DEED’s labor market economist. “We’ll...
  • Jobless benefit claims skyrocket in week

    11/15/2012 10:07:07 AM PST · by Arthurio · 23 replies
    WASHINGTON, Nov. 15 (UPI) -- The U.S. Labor Department Thursday said first-time jobless benefits claims rose by 78,000 in the week ending Saturday. Initial claims jumped out of a relatively comfortable 355,000 claims -- the third lowest week since the recession ended in June 2009 -- to 439,000 with the four-week rolling average up 11,750 to 383,750. The weekly figure has been volatile of late -- rising by 46,000 one week in mid-October, for example, but a one-week jump of 78,000 is a clear setback. First time claims have not been this high since the week of April 30, 2011....
  • Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit

    11/15/2012 9:57:03 AM PST · by Free ThinkerNY · 43 replies
    Big Government ^ | Nov. 15, 2012 | Joel B. Pollak
    The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the "lowest level in more than four years." Now, suddenly, the news seems far less rosy. From the Department of Labor press release this morning: In the week ending November 10, the advance figure for seasonally adjusted initial claims...
  • The Hopium Is Now Depleted

    11/15/2012 6:57:19 AM PST · by Pride_of_the_Bluegrass · 11 replies
    Zero Hedge ^ | 11-15-2012 | Tyler Durden
    Hope - it appears - peaked at the start of the year in the US, following the global coordinated central bank pump which ramped it from lows to highs within a few months. All that hope - and then some - has now apparently faded. The General Business Conditions expected six months forward dropped to its lowest level since March 2009. What is perhaps worse, given the focus on jobs jobs jobs, is that for the first time since April 2009, the employment outlook for employment turned negative - suggesting firms are looking to reduce employees at the fastest rate...
  • Wealthy Dump Assets Amid Worries About Going Over 'Cliff'

    11/13/2012 7:54:41 PM PST · by ilovesarah2012 · 23 replies
    cnbc.com ^ | November 12, 2012 | Robert Frank
    For many of the wealthy, 2012 is becoming a good year to sell. They're worried about the "fiscal cliff," which is when tax cuts expire and spending cuts are set to go into effect at the end of the year. Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year. Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save...
  • 45,000 laid off since the election

    11/13/2012 7:04:30 PM PST · by null and void · 49 replies
    Since the election: (Updated 11/13/12 at 7:00M PST)Layoff numbers Organization # Laid off Running total Sector Notes AMD 400 400 Electronics American Coal 54 454 Energy Ameridose 790 1244 Health Art Gallery of Windsor 12 1256 Art Gallery Canada Associated Milk Producers Inc 130 1386 Agriculture ATI 172 1558 Education Atlantic Club 80 1638 Gaming Atlantic Lotto Corp 16 1654 Gaming Bartikowsky Jewelers 25 1679 Retail Business closure Bayou Cane 7 1686 Government Firefighters Brake Parts LLC 75 1761 Automotive Bristol-Myers Squibb 479 2240 Health Career Education Corp 900 3140 Education Caterpillar 100 3240 Construction Eq Center for Hospice and...
  • The Obamacare Nightmare Comes True

    11/13/2012 1:39:42 PM PST · by Kaslin · 52 replies
    Rush Limbaugh.com ^ | November 13, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: A bunch of CEOs are in Washington. These people are beside themselves. They're having to hire outside consultants to pore through the Obamacare legislation and advise them, tell them what they have to do to comply. And they are asking for some kind of relief. You've got John Schnatter at Papa John's pizza, the Applebee's people and a number of other restaurant chains are saying, "We have no choice." If they're gonna keep our products priced where they are, which is the price they've all determined is the most sensible for profit stability and affordability for customers,...
  • The Obamacare Nightmare Comes True (cost to businesses)

    11/13/2012 1:46:53 PM PST · by NYer · 3 replies
    Rushlimbaugh.com ^ | November 13, 2012 | Rush Limbaugh
    RUSH: A bunch of CEOs are in Washington. These people are beside themselves. They're having to hire outside consultants to pore through the Obamacare legislation and advise them, tell them what they have to do to comply. And they are asking for some kind of relief. You've got John Schnatter at Papa John's pizza, the Applebee's people and a number of other restaurant chains are saying, "We have no choice." If they're gonna keep our products priced where they are, which is the price they've all determined is the most sensible for profit stability and affordability for customers, they're gonna...