Tag: jobs

NEWS

U.S. Job Report Disappointing

The U.S. added a disappointing 194,000 jobs last month, as the Delta variant of coronavirus continued to put a drag on the economy. The unemployment rate fell from 5.2% in August to 4.8%. The U.S. Bureau of Labor Statistics said there were notable job gains in hospitality, retail, and transportation while employment in education declined.  Yet with 7.7 million out […]

BUSINESS

U.S. Jobs Fall Lower Than Expected

The U.S. added fewer jobs than expected in September in a sign that America’s rebound from the economic collapse triggered by the coronavirus pandemic is slowing. Employers added 661,000 jobs against the more than 800,000 expected. The jobless rate fell to 7.9 per cent, dropping for a fifth month, but the minority workers hit hardest saw minor change. The gains […]

BUSINESS

British Airways Set To Shed Up To 13,000 Jobs

British Airways (BA) owner, IAG, is cutting more flights over the next three months as it adjusts to the continuing collapse in demand for air travel. IAG, which also runs Aer Lingus and Iberia, said quarantine restrictions meant capacity this autumn would be 60% below 2019 levels. According to the group, expected levels of recovery will not be realized until […]

BUSINESS

U.S. Jobs Gain Soar To 4.8 Million In June

Nonfarm payrolls leaped by 4.8 million in June, and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. The data pans out far better than expected as economists surveyed by Dow Jones had expected a 2.9 million increase and a jobless rate of 12.4%. It was the second-consecutive […]

Jamaica

Jobs In BPO Sector Roaring Back

The Jamaican Government is reporting a healthy recovery of jobs in the business process outsourcing (BPO) sector. A total of 3,300 employees have regained their jobs, lost earlier because of the impact of the coronavirus (COVID-19) pandemic. According to the Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Daryl Vaz, “The sector lost approximately US$42 million […]

BUSINESS

Boeing Set To Cut Jobs

Boeing says it is eliminating more than 12,000 U.S. jobs, including involuntary layoffs of 6,770 US workers as the largest American planemaker restructures in the face of the coronavirus pandemic.  Boeing also disclosed it plans several thousand remaining layoffs in the next few months but did not say where those would take place. The company announced in April it would […]

BUSINESS

U.S. Jobs Gallop In Growth

According to the Bureau of Labor Statistics’ (BLS), the U.S. economy added 266,000 jobs in November. The job totals for September and October were also revised upward, leading to a total increase of 41,000 additional jobs. The return of the striking GM workers boosted November payrolls as well. Given the average over the past two months, job growth has been […]

Jamaica

BPO Jobs Expected To Rise To More Than 14,000 By March 2020

It is being projected that there will be 14,000 additional jobs in the local outsourcing industry by March 2020. Cheryl Neufville-Crooks, Business Process Industry Association of Jamaica Marketing Specialist, made the projection while addressing a Jamaica Information Service ‘Think Tank’ on Monday. Mrs. Neufville-Crooks said more than 36,000 Jamaicans are currently employed in the sector. It is anticipated that further […]

BUSINESS

U.S. Economy Still Hot With Jobs

U.S. employment was more resilient than expected in October despite the impact of strike action at General Motors. Companies added 128,000 new jobs, ahead of a forecast 85,000 rise, during a month when thousands of workers walked out at the carmaker. The unemployment rate edged up slightly to 3.6% from 3.5% in September, which had been the lowest rate since […]

NEWS

U.S. Jobs Growth Stalled

Only 130,000 new jobs were added to the U.S. economy last month, slowing more than expected. Economists had expected an increase of 158,000. In July, the economy had created 159,000 new jobs. The unemployment rate was unchanged at 3.7% while average hourly earnings growth rose 3.2% from last year. The U.S. economy is feeling the strain of President Donald Trump’s […]