Jobs, Job Cuts | featured news

Drugmaker Pfizer will cut 6,000, or 18 percent, of jobs at its 78 manufacturing plants over the next five years as it consolidates operations after  last year's purchase of  Wyeth.

In today’s job market, many good-paying jobs are being lost but aren't being replaced. As a result, some workers are finding they need more than one job to make ends meet.

A net 263,000 jobs were eliminated in September, pushing the jobless rate to a 26-year high. Stocks fall on the news. The nation's labor market took a turn for the worse in September as employers eliminated a net 263,000 jobs, far more than expected and reversing a pattern of steadily declining payroll losses in recent months, the Labor Department said today.

Even as the July numbers came in better than expected, the job market remains shaky in the months ahead.

Most economists in the Journal's forecasting survey said the U.S. doesn't need another round of stimulus, despite expectations of severe job losses.

he Dow industrials ended slightly higher on Friday while the S&P 500 and the Nasdaq dipped as investors paused to consider conflicting signals in monthly U.S. jobs data.

The U.S. unemployment rate was the highest in 26 years, the government said on Friday, but the loss of 345,000 jobs in May, fewer than expected, was seen as a sign that the job market was no longer in free fall.

The economy lost 539,000 jobs in April, the government reported on Friday, a sign that the relentless pace of job losses was starting to level off.

The pace of private-sector U.S. job losses slowed dramatically last month, while future planned layoffs also declined, and the hard-hit housing sector showed signs of improvement last week.

U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.