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The U.S. labor market improved in November, with the number of jobs lost in the private sector falling again and the number of planned layoffs also easing, separate reports showed on Wednesday.
Signaling that worse times are ahead for magazines, Time Inc. is expected to announce next week that it will cut $100 million from costs, including another big round of layoffs.
Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that's happened since the 1980s....
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs are continuing to ease in the earliest stages of an economic recovery.
The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs.
A Nestle plant linked to an outbreak of illness has been shut temporarily, and the company said Monday that it expects to lay off more than 200 workers as a result.