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A collection of news and information related to Wages and Pensions published by Tribune Company sources.
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Meltdown 101: Numbers deep in the employment report paint a picture of the jobs landscape
AP Business Writer7.2 percent. The headline unemployment rate for December is the number every TV newscaster, economic blogger and talk radio host focused on Friday. That rate, the highest in 16 years, translates into 11.1 million Americans without jobs. But 7.2...Tags: Iowa City, Unemployment, Defense, Employees, Layoffs and Downsizing
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Pelosi: Stimulus by Presidents' Day
The Swampby Mark Silva How much pressure will there be on Congress to enact an economic stimulus plan swiftly? House Speaker Nancy Pelosi says there will be no congressional recess for the Presidents' Day holiday if they haven't finished work by......Tags: Credit and Debt, Medicaid, Social Security, Unemployment, George Bush
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World stock markets drop as US unemployment rate hits 16-year high of 7.2 percent
AP Business WriterLONDON (AP) — Stock markets dropped Friday as investors fretted over the outlook for the U.S. economy after an unexpectedly large increase in the unemployment rate and confirmation that more jobs were lost in 2008 than in any year since World War...Tags: Commodity Markets, Stock Broking, Unemployment, Stock Activities, Petroleum Industry
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Coleman accuses Democrats of backing out of deal to keep constituent service running
Associated Press WriterWASHINGTON (AP) — Former Sen. Norm Coleman accused Senate Majority Leader Harry Reid on Friday of backing out of an agreement to let Coleman's staffers wrap up constituent cases, leaving hundreds of people in limbo. A spokesman for Reid, D-Nev.,...Tags: Social Security, Election Day, Mitch McConnell, Minnesota, Roland Burris
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Labor Department struggles to keep up with job loss data as layoffs mount
AP Economics WriterWASHINGTON (AP) — It's true the government reported Friday that employers cut a net total of 524,000 jobs in December. But that's not the final word. The Labor Department has sharply revised its payroll numbers for the past several months as its...Tags: Job Layoffs, Unemployment, Layoffs and Downsizing
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House passes bill to overturn Supreme Court decision, strengthen pay equity rights
Associated Press WriterWASHINGTON (AP) — Energized by the prospects of a pro-labor president, House Democrats marked the first week of the new Congress Friday by pushing through two bills to help workers, particularly women, who are victims of pay discrimination....Tags: Labor Legislation, Referenda, Rosa DeLauro, Employers, George Bush
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Obama's pick to lead Labor Dept. says she will expand job training, enforce fair pay laws
Associated Press WriterWASHINGTON (AP) — Hilda Solis, President-elect Barack Obama's pick for labor secretary, told lawmakers Friday that if confirmed she will work to expand job training programs, enforce workplace safety, health and fair pay laws and make sure...Tags: Referenda, Employers, Massachusetts, Heads of State, Dianne Feinstein
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Job losses hit 2.6 million; unemployment surges to 7.2 percent, heads for 10 percent or higher
AP Economics WriterWASHINGTON (AP) — A staggering 2.6 million jobs disappeared in 2008, the most since World War II, and the pain is only getting worse with 11 million Americans out of work and searching. Unemployment hit a 16-year high of 7.2 percent in December...Tags: Bill Clinton, Heads of State, Unemployment, George Bush, Stock Activities
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Aid agencies working well with Zimbabwe government, which once viewed them with suspicion
Associated Press WriterJOHANNESBURG, South Africa (AP) — Aid agencies fighting cholera in Zimbabwe say they are working well with a government that once viewed them with suspicion, but they still face challenges because of the country's economic collapse. Aid workers...Tags: Epidemics and Plagues, Relief and Aid Organizations, Heads of State, Foreign Aid, Employees
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Jobless rate reaches highest level since 1993
The Associated PressThe nation's unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers. The Labor Department's report, released...Tags: Job Layoffs, Employers, State Budgets, Unemployment, EMC Corporation
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Ssangyong Motor applies for court receivership
AP Business WriterBeleaguered South Korean automaker Ssangyong Motor Co. has applied for protection from creditors after red ink mounted and cash flow collapsed amid falling sales. Ssangyong made the "unavoidable choice" to file for court receivership to "deal with an...Tags: Volkswagen, Kia, Hyundai, Strikes, Volkswagen AG
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Scores scramble for Chicago-area U.S. Census jobs
Tribune reporterSurrounded by about 20 other anxious job seekers in an eerily quiet room in the Schaumburg library, Anita Sauter took a test this week that she hopes will lead to a high paying, temporary gig as a census taker. Sauter, who has lived on unemployment...Tags: Real Estate Agents, Labor Legislation, Hoffman Estates, Unemployment, State Budgets
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