U.S. Labor Market Less Flexible Than In 1990, Economists Warn

The U.S. labor market has become steadily less dynamic since 1990, with workers seemingly locked into particular jobs and a more sluggish process of job creation and destruction in the private sector, according to research to be presented to global central bankers on Friday.

A man walks past job seekers as they fill out job applications for recruiters during a job fair in New York, June 11, 2013.

Dollar Flatlines Ahead of Yellen, Draghi at Jackson Hole

The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.

Packs of U.S. one hundred dollar bills are counted at a bank in Westminster, Colorado November 3, 2009.

Computers Reshaping Global Job Market, For Better and Worse: Paper

Automation and increasingly sophisticated computers have boosted demand for both highly educated and low-skilled workers around the globe, while eroding demand for middle-skilled jobs, according to research to be presented to global central bankers on Friday.

People use computers at a job fair in Detroit, Michigan March 1, 2014.



Jobs & Career News

U.S. Jobless Claims Fall, Continued Claims At Seven-Year Low

People fill out application forms before a screening session for seasonal jobs at Coney Island in the Brooklyn borough of New York March 4, 2014.

The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a sustained improvement in labor market conditions.

U.S. Retailers Feel The Pinch As Frugal Shoppers Curb Spending

U.S. retailers feel the pinch as frugal shoppers curb spending

Weak results from the likes of Wal-Mart Stores Inc (WMT.N) and Macy's Inc (M.N) are the latest sign less affluent U.S. consumers are still pinching their pennies and the trend appears to be hurting upmarket retailers as well.

Virgin America Airline Flight Attendants Vote To Approve Union

Virgin America airline flight attendants vote to approve union

Flight attendants at Virgin America airline approved representation by the Transport Workers Union of America, with 58 percent voting in favor, the union said on Wednesday, citing a National Mediation Board tally.

Cisco To Cut Another 6,000 Jobs As Forecast Falls Flat

Cisco to cut another 6,000 jobs as forecast falls flat

Cisco Systems Inc (CSCO.O) forecast tepid current-quarter results and said it plans to cut another 6,000 jobs, as the network equipment maker works through a transition toward a new cycle of high-end switches and routers.

After Offshore Oil Failure, Cuba Shifts Energy Focus

After offshore oil failure, Cuba shifts energy focus

Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.

European Stocks Fall Back As Ukraine Tension Grows

European stocks fall back as Ukraine tension grows

European shares fell on Tuesday, throwing a rally in the U.S. and Asia into reverse, and the euro dipped toward nine-month lows against the dollar as reports a Russian aid convoy was heading to Ukraine ratcheted up tension between Kiev and Moscow.

In Tech Hiring Case, A New Player At The Table

In tech hiring case, a new player at the table

It's not often that a judge decides to blow up a settlement worth hundreds of millions of dollars because it is too low, but San Francisco attorney Daniel Girard convinced one Silicon Valley jurist to do exactly that.

Exclusive: Unions Force VW To Axe Consultants In Clash Over Cost Cuts - Sources

Exclusive: Unions force VW to axe consultants in clash over cost cuts - sources

Volkswagen's 5 billion euro ($6.68 billion) cost-savings plan hit a major setback after labor leaders forced management to axe McKinsey, the consultants working out the cuts, three sources with knowledge of the matter told Reuters on Thursday.

Sturdy U.S. Services, Factory Data Boost Growth Picture

Sturdy U.S. services, factory data boost growth picture

U.S. services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.

A trader looks up at a chart on his computer screen while working on the floor of the New York Stock Exchange shortly after the market opening in New York July 11, 2013.

Futures Edge Lower On Ukraine Tension; Yellen On Tap

U.S. stock index futures were slightly lower on Friday, after the latest flare of tensions between Ukraine and Russia and ahead of a speech by Federal Reserve Chair Janet Yellen.

The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New York April 22, 2014.

Apple iPhone 6 Screen Snag Leaves Supply Chain Scrambling

Suppliers to Apple Inc (AAPL.O) are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said.

Labourers work at a construction site of residential buildings in Hefei, Anhui province, August 20, 2014.

Business Growth Slows In China and Europe, Russia Sanctions Still To Bite

Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.

A family leaves the Staples store in Broomfield, Colorado August 17, 2011 as the back-to-school shopping season begins.

Staples Beats Estimates On Strong Demand For Breakroom Supplies

Staples Inc (SPLS.O) reported better-than-expected quarterly profit and sales, driven by strong demand for non-core office supplies, such as furniture and breakroom items, from companies in North America.

A man rides an escalator near Shanghai Tower (R, under construction), Jin Mao Tower (C) and the Shanghai World Financial Center (L) at the Pudong financial district in Shanghai July 4, 2013.

Promise Of More Keeps Investors Hooked On Asia's Frothy Markets

Calling the top in financial markets is never easy. Asian stock and bond markets may appear frothy at their near-record levels after a multi-year rally, but global investors are still betting on a mix of healthy returns and history to juice up their profits.


Amid Investor Pressure, PetSmart Says To Explore Sale

PetSmart Inc said on Tuesday it will explore a potential sale of the company, bowing to mounting pressure from several shareholders led by activist investor Jana

A woman shops for groceries at a Whole Foods supermarket in New York May 18, 2010.

U.S. Consumer Prices Rise Modestly In July

U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while.

A worker labors on a housing project on Mission Street in the South of Market neighborhood in San Francisco, California April 29, 2014.

U.S. Housing Starts, Permits Surge In July

U.S. housing starts and building permits rebounded strongly in July, suggesting the housing market recovery was back on track after stalling in the second half of last year.

Morgan Stanley to pay $4.2 million to settle overtime pay case

Morgan Stanley To Pay $4.2 Million To Settle Overtime Pay Case

Morgan Stanley and sales assistants in its wealth management branch system who claimed they were owed overtime pay agreed to a $4.2 million settlement.

 Cisco to take $700 million in restructuring charges for layoffs

Cisco To Take $700 Million In Restructuring Charges For Layoffs

Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015.

End of the Wirtschaftswunder? Germany's sudden slowdown

End Of The Wirtschaftswunder? Germany's Sudden Slowdown

The German soccer team's romp to victory in last month's World Cup was hailed at home as a symbol of the country's emergence as a confident global economic power.

Euro yields, stocks fall on economic setback fear

Euro Yields, Stocks Fall On Economic Setback Fear

Bond yields across the euro zone hit record lows on Thursday and the euro hovered near its weakest in nine months after Germany reported its economy unexpectedly shrank in the second quarter, casting doubt on the region's fragile recovery.

Exclusive: Standard Chartered to scour records for money laundering, with penalty at stake

Exclusive: Standard Chartered To Scour Records For Money Laundering, With Penalty At Stake

Standard Chartered Plc will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources with knowledge of the matter said.

Special Report: How scams and shakedowns brought Ukraine to its knees

Special Report: How Scams And Shakedowns Brought Ukraine To Its Knees

Late last year, Ukraine’s consumer protection agency began filing lawsuits against Foxtrot, the country’s largest electronics retailer. By early March, Foxtrot faced at least 231 separate suits that demanded fines totaling more than $150 million.

China posts record trade surplus, but domestic economy may lag

China Posts Record Trade Surplus, But Domestic Economy May Lag

China's buoyant exports pushed its trade surplus to a record in July, fuelling optimism global demand will help counter pressure on the domestic economy from a weakening property sector.

U.S. chicken farmers latest caught in Russia sanction crosshairs

U.S. Chicken Farmers Latest Caught In Russia Sanction Crosshairs

Russia's threatened ban on U.S. poultry imports, the latest move in a sanctions skirmish over Moscow's support of rebels in Ukraine, has agriculture companies alert to the risks of a conflict that's already roiled trading of crops ranging from soy, beef and fruit to California pistachios.

Armed with new technology, oil drillers revisit Gulf of Mexico

Armed With New Technology, Oil Drillers Revisit Gulf Of Mexico

Advances in drilling technology are reviving the prospects of oil companies in shallow parts of the Gulf of Mexico, helping to squeeze more from older fields while the U.S. shale bonanza lures others onshore.

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