Job market

U.S. unemployment rate edges down

Total nonfarm payroll employment increased by 236,000 in February, and the unemployment rate edged down to 7.7%, reports the U.S. Bureau of Labor Statistics. Employment increased in professional and business services, construction, and health care. Read: Canada adds 50,700 jobs in February And real average hourly earnings for all employees fell 0.6% from January to […]

By Staff |March 15, 2013

1 min read

Industry

Barclays head hints at job cuts

As revenues continue to fall, cutting jobs remains an area of focus for the big banks looking to reduce operating costs and retain their competitive edge. Barclays’ chief executive Antony Jenkins has similar ideas to lower costs as he looks for a way to have the bank operate with 30% fewer staff, reports FT.com. Jenkins’ […]

By Staff |March 8, 2013

1 min read

Industry

Citadel Securities cutting 10% of staff

Reuters reports Citadel Securities is letting 10% of its workforce go, amounting to 25-30 jobs. Senior managing director Matt Cushman is included in the cuts.

By Staff |March 7, 2013

1 min read

Economic Indicators

Job market cautious: survey

HR professionals expect hiring to be modest in early 2013.

By Staff |February 8, 2013

1 min read

Twitter’s a scream for former bank workers

Swiss bank UBS’ recent decision to cut 10,000 jobs by 2015 has unleashed a mass outpouring of bitterness in the twitterverse. The multilingual tweets posted by its employees revealed many didn’t know they’d been fired until they realized their access passes were no longer working, says a report on FT.com Read: Swiss bank UBS to […]

By Staff |October 31, 2012

1 min read

U.S. manufacturing gains traction

There are growing signs that the U.S. economic growth is poised to do well this fall. One of them is the rise in the Institute of Supply Management (ISM) manufacturing index whose reading crossed 50 in September, rising from 49.6 to 51.5, according to a Desjardins Group report. Read: Canadian manufacturing remains stable Having remained […]

By Staff |October 1, 2012

1 min read

Self-employment booming in Canada

More than half a million Canadian entrepreneurs are in the process of establishing their own business this year, according to a CIBC report. Read: Help business owners find funding “Irreversible structural forces suggest that the next decade might see the strongest start-up activity in the Canadian economy on record,” says Benjamin Tal, deputy chief economist […]

By Staff |September 26, 2012

1 min read

Job market

U.S. unemployment rate edges down

Barclays head hints at job cuts

Citadel Securities cutting 10% of staff

Job market cautious: survey

GMP restructures to weather economic uncertainty

Canada’s job market rebounds

National Bank chops 300 jobs

Twitter’s a scream for former bank workers

U.S. manufacturing gains traction

Self-employment booming in Canada