JOBS

Jobs, profit hopes may drive rally

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Optimism about an improving labor market and corporate profits could propel U.S. stocks higher next week as earnings season approaches.

Obama: U.S. starting to turn the corner on jobs

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President Barack Obama hailed new signs of an improving U.S. labor market on Friday as proof that we are beginning to turn the corner but warned it would still take time to achieve sustained job growth.
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Factory, jobs data boosts hopes recovery to last

The number of workers filing new claims for jobless aid fell last week and factory activity in March hit its highest level in more than 5-1/2 years, strengthening hopes for continued economic growth without government support.
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Private sector cuts jobs in March

Private employers unexpectedly shed jobs in March, dampening hopes about the strength of the recovery two days before the more closely watched government payrolls report.
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Wall St set for lower open after jobs report

Wall Street was poised for a lower open on Wednesday after a report on private-sector employment in March dented hopes of a stronger economic recovery in the United States, and a rating downgrade of Greek banks heightened concerns about the debt-laden country.
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Futures down ahead of ADP jobs report

Stock index futures edged lower on Wednesday as investors awaited a report on private-sector employment to assess the strength of recovery in the jobs market.
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Dow eyes 11,000 as jobs data looms

The Dow industrials could hit 11,000 this week as investors bet the U.S. labor market had a significant turnaround in March, showing the economic recovery is in good shape.
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Jobless claims fall, buoy jobs recovery hopes

The number of workers filing for jobless aid fell sharply last week and a gauge of underlying labor market trends hit a 1-1/2 year low, boosting hopes the economy is on the verge of creating jobs.
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Futures higher ahead of EU parley, jobs data

Stock index futures rose on Thursday as sovereign debt concerns remained in focus ahead of a meeting of European leaders to help Greece, while investors awaited data on first-time U.S. jobless claims.
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Fiat reported to cut 5,000 jobs, shares rally

Industrial group Fiat SpA aims to raise the number of job cuts in Italy to 5,000 and may spin off its car activities sooner than thought, an Italian newspaper said on Wednesday, sharply boosting its shares.
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Fiat seen cutting 5,000 jobs with new plan

Carmaker Fiat is seen cutting 5,000 jobs as part of its strategic plan due to be unveiled next month while at the same time increasing Italian production by 50 percent, newspaper la Repubblica reported.
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Obama signs $17.6 billion jobs bill

President Barack Obama signed into law a $17.6 billion jobs bill on Thursday and sounded an optimistic note about the U.S. economy, saying it may soon begin adding jobs instead of losing them.
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Futures hold steady after jobs, inflation data

Stock index futures remained little changed on Thursday after data showed first-time applications for jobless insurance ticked lower in the latest week, and U.S. consumer prices were unexpectedly unchanged in February.
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Internet piracy taking big toll on jobs

Plenty of people download music from the Internet every day, but illegal downloading has a huge economic impact and could put more than one million people out of work by 2015, experts say.
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Delta to cut jobs in Cincinnati consolidation

Delta Air Lines Inc said it could cut 840 jobs at a subsidiary that provides ground-handling operations as part of a plan to consolidate operations in Cincinnati in May to save costs.

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