News
Bloomberg | Firings Highest Since 2010 as Ford to Dow Face Slump
Ford Motor Co. (F) and Dow Chemical Co. (DOW) joined a growing number of companies firing thousands of workers as sluggish U.S. growth and Europe’s deepening recession lead to a persisting slump in sales.
Market Watch | U.S. initial jobless claims drop to 369,000
First-time applications for unemployment benefits declined last week, government data showed Thursday, but the number of new claims filed stands little changed over the past few months in a reflection of slow U.S. hiring trends.
Bloomberg | Outsourcing Turns Inside-Out as Indians Open U.S. Centers
Janie James says she was cool at first when Indian outsourcing giant Infosys Ltd. (INFO) approached her about a job near Atlanta, even though she was unemployed. She didn’t know much about the company, and it seemed a step down from her old vice-president post at Primerica Inc. (PRI)
Blogs
Calculated Risk | Updates to the ADP Employment Report
The newly expanded ADP National Employment Report will be issued each month by the ADP Research InstituteSM, a specialized group within ADP that provides insights around employment trends and workforce strategy.
WSJ | More People Eschew Jobless Benefits Than Scam System
Some people scam the system to get jobless benefits they don’t deserve. But far more don’t claim the benefits for which they are eligible, according to research by economists working with the Federal Reserve Bank of St. Louis.
