Jan. 6 at 4:13 p.m.
Filed under:
Autos,
Jobs/employment,
Unions
By Alejandra Cancino
Caterpillar Inc. suspended a plan to build mining shovels at its Aurora facility, which would have created 300 jobs through 2014.
The change of plans is due to the company’s acquisition of South Milwaukee-based Bucyrus International, a maker of shovels, walking draglines, drills and other mining equipment. The $7.6 billion deal, which was announced in November, is expected to close in mid-2011.
The company said in a statement that it suspended the all development and capital investment for mining shovels in Aurora “to conserve resources and eliminate business risks associated with internal development.” Get the full story »
Jan. 5 at 4:07 p.m.
Filed under:
Jobs/employment,
Real estate
From Bloomberg News | Jones Lang LaSalle has hired a New York-based office leasing team from rival Cushman & Wakefield Inc., the second addition of a major brokerage from Cushman in less than a year.
Jan. 3 at 11:19 a.m.
Filed under:
Economy,
Jobs/employment
By Associated Press
Discount-store operator Dollar General Corp. said Monday it plans to open 625 new stores and hire more than 6,000 workers in 2011.
Dec. 29, 2010 at 7:36 a.m.
Filed under:
Economy,
Jobs/employment
By Dow Jones Newswires
More firms said they plan to hire full-time, permanent workers in 2011 than did this year, but wage growth likely will remain modest, according to data released Wednesday by job site CareerBuilder.com.
Almost one-quarter of employers — 24 percent — said they plan to hire full-time, permanent workers in 2011. That compares with 20 percent this year, and 14 percent in 2009, according to CareerBuilder.com’s survey in late November of more than 2,400 hiring managers and human-resource professionals. Get the full story »
Dec. 14, 2010 at 8:18 a.m.
Filed under:
Economy,
Jobs/employment
By Associated Press
Top corporate executives expect to hire more workers and spend more on their companies over the next six months.
A survey from Business Roundtable, an association of CEOs of big U.S. companies, shows 45 percent of executives say they expect their companies to add more workers. That’s the highest percentage who have said they planned to add jobs since the survey began in late 2002. Get the full story »
From HedgeFund.net | Chicago-based Citadel LLC has hired Miguel Abreu, a former JPMorgan commodities trader who worked at JPMorgan’s commodities trading desk before it was shut down.
By Reuters
Chicago-based Getco LLC hired the New York Stock Exchange parent company’s director of options, to spearhead its relationships with global exchanges, the big market maker and high-frequency trader said on Thursday. Get the full story »
Dec. 9, 2010 at 9:13 a.m.
Filed under:
Banking,
Economy,
Jobs/employment
By Gail MarksJarvis
Here’s some modestly encouraging news for job seekers: About 47 percent of companies with sales in the $25 million to $2 billion range, plan to hire employees in 2011, according to a national survey of chief financial officers (CFOs) by Bank of America.
Dec. 7, 2010 at 11:14 a.m.
Filed under:
Jobs/employment
By Associated Press
Employers posted a sharp increase in job openings in October, raising hopes that hiring could pick up in the coming months.
Businesses and government advertised nearly 3.4 million jobs at the end of October, up about 12 percent from the previous month, the Labor Department said Tuesday. That reverses two months of declines and is the highest total since August 2008, just before the financial crisis intensified.
Dec. 6, 2010 at 5:25 p.m.
Filed under:
Banking,
Jobs/employment
By Reuters
Barclays Wealth, rapidly bulking up its U.S. business in the wake of the financial crisis, intends to accelerate its hiring efforts over the next two years.
The Barclays Plc. unit on Monday said it hired seven advisers with a combined $2.24 billion in client assets and who generated $17 million of revenue in the past year. The new investment representatives expand the London-based bank’s presence in Boston, New York, Atlanta and Chicago.
Barclay’s says it has hired 50 advisers in the Americas this year, giving it 250 representatives across the region. Get the full story »
Dec. 3, 2010 at 12:52 p.m.
Filed under:
Economy,
Jobs/employment
By Reuters
The U.S, economy added the highest number of temporary jobs last month since January, suggesting U.S. employers remain concerned about the pace of the U.S. recovery and are reluctant to step up permanent hiring.
Concrete evidence remains elusive that temp jobs — traditionally a leading indicator of full-time, or “perm” hiring — will soon translate into robust jobs growth. Get the full story »
Dec. 3, 2010 at 8:40 a.m.
Filed under:
Economy
By Kathy Bergen
Business leaders expressed increased optimism about the nation’s economy, though they still have a significant level of concern about the future, according to a quarterly survey by Chicago-based Grant Thornton LLP. Get the full story »
Dec. 2, 2010 at 11:29 a.m.
Filed under:
Jobs/employment,
Layoffs,
Policy,
Politics
By Reuters
The White House urged Congress Thursday to extend unemployment aid and warned that failure to act would inflict a heavy toll on millions of Americans that could put the U.S. economic recovery at risk.
“Without an extension, employment would be about 600,000 lower…in December 2011 than if a year-long extension were passed,” according to a new report from the White House Council of Economic Advisers.
U.S. unemployment insurance for those on long-term aid, which Congress had already extended to up to 99 weeks from a traditional 26 weeks of support, expired on Wednesday. Get the full story »
Dec. 2, 2010 at 11:00 a.m.
Filed under:
Manufacturing
By Reuters
After racking up strong earnings growth in 2010, major U.S. manufacturers are expect to set the stage for a slower-paced 2011 when they meet with analysts and investors to lay out their expectations for the coming year.
Heavyweight industrials including Illinois Tool Works, General Electric, United Technologies Corp, 3M Co., Honeywell International and Danaher are all set to provide 2011 forecasts in the coming weeks.
Profit margins across the sector swelled this year as companies that cut costs to the bone during the brutal recession experienced a rebound in sales that helped the Standard & Poor’s capital goods industry index to rise about 14 percent, more than twice the gains of the broader U.S. stock market. Get the full story »
Dec. 1, 2010 at 10:49 a.m.
Filed under:
Economy,
Jobs/employment
By Reuters
U.S. private sector payrolls rose by the biggest amount in three years in November, lifting optimism about the job market ahead of Friday’s key employment report, while manufacturing data showed growth was intact.
U.S. private employers added a stronger-than-forecast 93,000 jobs in November, the biggest rise since November 2007, after an upwardly revised gain of 82,000 the month before, data by ADP Employer Services, which jointly developed the report with Macroeconomic Advisers LLC, showed Wednesday. Get the full story »
