Unemployment Takes a Hit From The Ailing Economy

PAUL KANGAS: A new sign today that the job market is also feeling the pinch from a slowing economy. The Labor Department says the number of first-time claims for unemployment benefits unexpectedly shot up last week. Initial jobless claims climbed 38,000 to 407,000. We’ll get a better picture of the job landscape tomorrow, when March’s …


City cull will be no luxury

Estimates for job losses in the City seem to grow by the day. Last October the Centre for Economics and Business Research predicted that in 2008 the London financial sector would make 6,500 redundancies, but it has since raised that figure to 10,000.

Research group Experian Business Strategies has said that the cull from the …


City faces loss of 30,000 jobs in a year of bloodletting BY ANUSHA BRADLEY

UP TO 30,000 City workers face the axe this year as the credit crunch forces financial services firms to tighten their belts, recruiters warned yesterday.

“It’s going to be nasty. I think 25,000 to 30,000 jobs will be lost in London over the next eight to 12 months,” said Jeff Greene, vice …


Learn the top rules of recruitment By Rick Linde Partner, Battalia Winston

The size of a company is often one of the greatest factors in determining work success or failure, but is rarely taken into real consideration by job seekers. Few marketers can play in all three (small, medium and large) work envi¬ronments. Most find their comfort zone by trial and error and …


The Inside Job Wall Street Cuts Are the Highest Since 2001 By Liz Wolgemuth

The mortgage mess has had Wall Street banks cutting jobs in the greatest numbers since the tech bust of 2001, according to Bloomberg. Over the past nine months, Wall Street firms have slashed more than 34,000 jobs. “So far, Citigroup has eliminated 1.7 percent of its workforce, while Lehman has chopped …