Tracy Davidson

Metro economies struggling the most to recover from the Great Recession typically lost government jobs, a new Brookings Institution report found. Twelve of the 20 weakest-performing metro areas in the first quarter shed public sector jobs since the recession ended, according to the report, published Wednesday. 1 These areas include: Allentown, Pa.; Buffalo, N.Y.; Chicago; [...]

The U.S. Postal Service said on Thursday it would cut 7,500 jobs and close seven district offices and 2,000 post offices as it handles less mail and faces greater staff costs and competition from FedEx and United Parcel Service. “It’s critical that we adjust our work force to match America’s changing communications trends as mail [...]

Sprint has announced that hat it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers. The wireless carrier, based in Overland Park, Kan., said the goal is to cut labor costs by at least $350 million per year. he company started the year with about 56,000 [...]

The unemployment rate may top to 10 percent soon. We haven’t seen it at such a high level since June 1983. The labor department will release the monthly job report on Friday to reveal the painful reality. This is yet another sign that unemployment rates are still on the rise. Employers are still cutting jobs [...]

Middle-income and poor families struck by layoffs and pay cuts, have been hit the hardest by the worst recession in decades, widening the economic gap between the richest and poorest Americans. The wealthiest 10% of Americans, making more than $138,000 annually, earned 11.4 times the estimated $12,000 made by those living near or below the [...]

Businesses that hire New Jerseyans who have exhausted their unemployment benefits will be offered a $2,400 incentive, according to a plan that Governor Corzine is expected to announce today. To qualify, the worker must be employed at the company for at least 6 months. So far, more than 45,000 NJ residents have exhausted the maximum [...]

In an effort to save $500 million in costs next year, the US Postal Service is offering a financial incentive to selected workers who agree to resign or retire before the end of this fiscal year. As many as 30,000 employees are eligible, and a majority of them work at processing facilities. By halting new [...]

According to a survey by CareerBuilder, the number of companies using social networking websites like Facebook, Twitter, MySpace, and LinkedIn to screen potential employees has doubled in the last year…and what employers found on those sites has ruined chances for more than a third of candidates. A striking 35% of employers chose not to hire [...]

Philadelphia still has not been given the go-ahead from state lawmakers to raise the city’s sales tax and make pension changes, so deep cuts are expected to take effect as early as this month. Nutter outlined a comprehensive list of cuts including both jobs and services in Philadelphia- six full-time positions from the Mayor’s office [...]

July’s retail sales slumped as consumers continued to feel uncertain in terms of their job security. The number of new jobless claims rose last week unexpectedly- 558,000 people filed first-time claims for jobless benefits, which is up from 554,000 the previous week.