John Challenger News
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Women led eight of Washington’s 50 most politically active trade lobby groups and earned about $600,000 less than their male counterparts, according to salary data compiled by Bloomberg.
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American employers took on more workers than forecast in April and the jobless rate unexpectedly fell to a four-year low of 7.5 percent, reflecting confidence in the outlook for the world’s biggest economy.
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Rising stock prices, rebounding profits, restored dividends and a growing economy are signaling to U.S. banks it’s time for more job cuts.
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U.S. employers announced fewer job cuts in April than the same month last year, a sign that the labor market is firming.
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The last time U.S. factory workers put in longer weeks than they averaged in February, Rosie the Riveter was on the assembly line and American GIs were fighting Nazis in Europe.
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Job cuts announced by U.S. employers declined in May, indicating the labor market is improving.
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U.S. banks may accelerate job cuts after reducing 11,400 positions in the first five months of the year, a 21 percent increase over 2010, because of falling profits and government regulation, according to Challenger, Gray & Christmas Inc.
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Job cuts announced by U.S. employers fell in June, a sign companies have enough business to retain current staff levels.
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Ford Motor Co. and Dow Chemical Co. 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.
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U.S. residents are on the move again, though they’re typically not moving very far.
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