100,000 Brit public sector workers facing the axe
More than 100,000 public sector jobs could be axed as the economic crisis deepens, it was warned yesterday.Swathes of civil servants, council workers, teachers and Health Service staff face redundancy.
Already at least 34,000 jobs in three
The Day Ahead Canada and U.S.: U.S. Initial Jobless Claims,
On Thursday, U.S. markets will be interested to see if initial jobless claims and continuing claims remain in recession territory.
Payrolls sink 159,000, worst job loss in 5 years
The U.S. economy lost 159,000 jobs in September, the worst since March 2003, the Labor Department reported Friday.
Employment Falls By More Than Expected in September
Employment fell by more than expected in the month of September, according to a report released by the Department of Labor on Friday, although the unemployment rate remained unchanged compared to the previous month.
Jobs Outlook Turns Hazy As Financial Crisis Grows
The worsening credit crisis is creating even more uncertainty about the US jobs outlook.
Jobless Claims Highest in 7 Years
The number of U.S. workers filing new claims for jobless benefits rose to their highest in seven years due to the impact of hurricanes Ike and Gustav, the government said in a report on Thursday.
Private Sector Cuts Fewer Jobs Than Expected: ADP
U.S. private employers cut a surprisingly low 8,000 jobs in September, a report by a private employment service said on Wednesday.
Weak Economic Signals Increase Fed's Dilemma
Hopes of a return to trend-like growth are becoming more of a pipe dream. Barring trade that has had a rejuvenating effect on growth, there is nothing that the economy can boast of. Consumers, who drove two-thirds of the economic activity in the
Economic Crisis Becoming Increasingly Broad-Based
Trader sentiment over economic conditions vacillated between hope and despair, as economic reports continued to relay mixed messages. Last week's reports were bordering on negative, with the bulk of the negativity stemming from weak readings on t
Mitsubishi UFJ Financial Group Cutting Jobs in London
"Earnings at the U.K. unit have been hurt as they've been affected by the subprime crisis," said Hiroshi Kutose, a spokesman in Tokyo for Mitsubishi UFJ Securities. Between 80 and 90 jobs will be cut, he said, without naming individuals.
South Korea's September Crisis?
SEOUL, South Korea - Headlines warn of a "September crisis." The currency falls to a four-year low and the stock market tumbles. Rumors swirl that foreign investors will pull out their money.
Canada Dollar Gains After Payrolls Rise in Nation, Fall in U
Canada's dollar rose after a government report showed the nation's employers added more jobs in August than forecast, spurring speculation the Bank of Canada may refrain from cutting borrowing costs next month.


