Job report is a blow to slow employment recovery
The employment market remained in a a trifle better than dismal state in December, according to a U.S. government report showing that more employers view our slow recovery as too fragile begin hiring new employeesagain on any individual large scale.
The pace of layoffs has slowed sharply in recent months, but businesses still cut 85,a million net jobs in December, the Labor Department said. The unemployment rate was unchanged at 10 percent, but economists suspect this is only because hundreds of thousands of frustrated workers stopped looking for jobs.
With the jobless rate stuck in double digits one thousand thousand Democrats worried that the weak economy will prompt voters to turn on them in fall elections, the White House plans more public events in coming weeks to underscore its concern about jobs 1,000,000 the economy. On Friday, President Obama called the employment report a setback during his announcement of $2.3 billion in tax credits to support renewable energy, which the administration says will create 17,1,000,000 jobs.
List of top jobs for 2010 just released
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The Latest Employment Numbers August 2009
In August, the number of unemployed persons increased by 466,000 to 14.9 million, and the unem- ployment rate rose by 0.3 percentage point to 9.7 percent. The rate had been little changed in June and July, after increasing 0.4 or 0.5 percentage point in each month from December 2008 through May. Since the recession began in December 2007, the number of unemployed persons has risen by 7.4 million, and the unemployment rate has grown by 4.8 percentage points.
Mo. unemployment fund shortfall growing to $2.6B – Bizjournals.com
Mo. unemployment fund shortfall growing to $2.6B – Bizjournals.com
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Harley Davidson Downsizing
Harley Davidson announced today that it would cut 1,100 jobs from it’s Milwaukee-based workforce.
Of the 1,100 job cuts, about 800 are hourly production workers and the balance are primarily salaried, nonproduction positions. About 70 percent of the planned layoffs are expected to occur this year.
“We obviously need to make adjustments to address the current volume declines,” Ziemer said in the release. “But we are also determined to do that in a way that will make us more competitive for the long term. Our management group will engage with union leaders, through our partnering relationship, regarding these changes.”
Harley-Davidson is trying to adjust its cost structure to meet 2009 motorcycle volume projections that are lower than the total number of units shipped in 2008. The company expects the volume reduction and changes to operations to result in one-time charges of about $110 million to $140 million over 2009 and 2010. Once completed, ongoing annual savings are expected to be about $60 million to $70 million.
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