JOBS

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Employers unexpectedly cut jobs in December

U.S. employers unexpectedly cut 85,000 jobs in December, cooling optimism on the labor market's recovery and keeping pressure on President Barack Obama to find ways to spur job growth.

Los Angeles Times to cut 80 jobs

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Tribune Co's Los Angeles Times said it would close its printing operations in Orange County, California, resulting in about 80 layoffs, as part of cost-cutting measures.
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Stocks rise, dollar dips ahead of U.S. jobs

Global stocks advanced on Friday, anticipating an improvement in all-important U.S. monthly jobs data, while the dollar fell from a four-month high against the yen after Japan's new finance minister backed off his call for a weaker currency. Crude oil prices dipped, extending losses the previous day on worries about tighter Chinese monetary policy. Safe-haven government bonds were mostly steady. ...
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Asia shares ease after rally; eyes on US jobs

Asian shares eased after hitting a 17-month high on Thursday, while the dollar was steady as investors kept caution before U.S. nonfarm payrolls data later in the week for hints on the greenback's direction.
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Asia shares up on resources, eyes on U.S. jobs

Asian shares edged up on Thursday, buoyed by resource shares, while the dollar was on the defensive after minutes from the Federal Reserve's latest policy meeting suggested the possibility of more stimulus measures for the U.S. economy.
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Wall St dips after ISM services, ADP jobs data

U.S. stocks slipped on Wednesday after ISM data showed the U.S. services sector grew in December, but at a marginal pace, and a report said the rate of job losses slowed at U.S. private employers.
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Saks to cut 116 jobs at 5th Avenue store

Saks Inc is cutting 116 jobs in the cosmetics and fragrance departments of its flagship Fifth Avenue store in New York as it moves to get outside vendors such as Chanel, Lancome and Clinique to fully staff their Saks counters themselves.
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Wall Street ends up after jobs, trade data

Stocks gained on Thursday as signs of improving trends in the job market and a decline in the U.S. October trade deficit reassured investors the economy was on a steady growth path.
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Wall Street closes up after jobs, trade data

Stocks gained on Thursday as signs of improving trends in the job market and a decline in the U.S. October trade deficit reassured investors the economy was on a steady growth path.
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Wall Street set to rise after jobs and trade data

Wall Street was poised to open higher on Thursday after new claims for jobless benefits rose more than expected but the number of people seeking extended benefits fell, and a separate report showed the U.S. trade deficit unexpectedly narrowed.
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Australia dollar jumps on jobs; Asia stocks steady

The Australian dollar surged on Thursday after November jobs growth blew away expectations, while Asian stocks posted small gains ahead of a slew of Chinese economic data on Friday expected to reflect robust growth.
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California green jobs: small but growing

Green jobs in California are growing at a faster pace than jobs overall in the environmentally friendly state, but they still account for only a tiny fraction of the economy, a study said on Tuesday.
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Obama urges bipartisan effort to boost U.S. jobs

U.S. President Barack Obama called on Wednesday for bipartisan cooperation to boost jobs and help small businesses through a series of initiatives that he has proposed to tackle double-digit unemployment.
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Obama keeps focus on jobs, warns no silver bullet

President Barack Obama, battling a public outcry over double-digit U.S. unemployment, on Tuesday will lay out several new steps to boost jobs and confront a challenge that has hurt his popularity.
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Daisy Group posts 9-mth loss, to cut jobs

British telecoms firm Daisy Group Plc posted a loss for the nine-month period and said it would cut jobs to integrate its acquired businesses but was comfortable with current market expectations.
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Staffing stocks surge on U.S. jobs data

Shares of staffing companies soared on Friday after a government report showing U.S. employers cut far fewer jobs than expected last month heralded increased demand for the companies' services as the labor market improves.

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