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The Money Blogs is the source for Blogs about the latest financial and stock market news with rss feeds

Yahoo announced last week that it would be making a 10 percent cut to its workforce in order to trim down some $400 million of it's operating cost. This must have been a painful thing to hear for those 1400 employees finding out they were toast. Except that they haven't found out. They know it's h ... Read more

ADP reports : Nonfarm private employment decreased 203,000 from September to October 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from August to September was revised by 27,000, from a decline of 254,000 to a decline of ... Read more

The weekly jobless claims data is out and we have a second week of coming below that 600,000 mark.  The new figure is down 47,000 to a level of 522,000.  The reading of 565,000 originally reported last week was revised higher by 4,000 jobs to 569,000.  Bloomberg had a consensus estima ... Read more

The Labor Department has just released its weekly jobless claims data at 621,000.  The prior week’s reading was revised to 625,000 from a prior reading of 623,000.  The consensus estimates from Bloomberg were for a reading of 620,000 for this week’s data.  This data is too in-line ... Read more

The DOL reports on weekly unemployment insurance claims : In the week ending Feb. 7, the advance figure for seasonally adjusted initial claims was 623,000, a decrease of 8,000 from the previous week's revised figure of 631,000. The 4-week moving average was 607,500, an increase of 24,000 from the ... Read more

House Speaker Nancy Pelosi's blog has an interesting graph of What 3.6 Million Jobs Lost Over 13 Months Looks Like. This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession – showing how dramatic and unprecedented the job loss over ... Read more

| Peter Klein | Tina Brown heralds the rise of the “Gig economy”: No one I know has a job anymore. They’ve got Gigs. Gigs: a bunch of free-floating projects, consultancies, and part-time bits and pieces they try and stitch together to make what they refer to wryly as “the Nut” — the ... Read more

Over at voiceofsandiego.org I put up an article about the October employment figures with the typical chart plus a comparison with the 1990s recession. For the chart-happy, additional charts can be found below. This one is the same as the chart at Voice except in percent terms instead of job ... Read more