The American recovery from the financial crisis is far from complete. The official national unemployment rate stands at 7.7 percent, as of February. But there are surprising signs of recovery, many of them in the manufacturing sector. What had been written off as the "sick man" of the U.S. economy is now a... Read More »
AMSTERDAM -- Dutch financial services group ING announced deeper job cuts in retail banking as it prepares to separate its banking and insurance operations under the terms of a state bailout. ING is dismantling its once-fashionable bancassurer model after the 2008 bailout, divesting insurance and investment... Read More »
America's unemployment rate remains stubbornly high at 7.8 percent, according to the latest Bureau of Labor Statistics, released in December 2012. But that figure represents a vast improvement from the worst of the recession, when the tally stood at 10 percent in October 2009. Read More »
Major banks have announced some 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly 2 to 1.
A Reuters analysis of job cuts announced by 29 major banks showed the layoffs... Read More »
Downturns never hit equally. The chase for that job you've dreamed about since youth can have a way of turning into a quest for the spot that's most "recession-proof." Traditionally, a position with the government has always been seen as an investment in security, if not in stock options. But among the most... Read More »
About a month into my job search I found myself sitting across the table from my church leader. My wife was with me and we were asked to meet with him because he was concerned about my unemployment. We had put this meeting off for weeks because we didn't think we'd be out of work very long.
By the time we met... Read More »