Latest Employment figures News

FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability.  (AP Photo/Kin Cheung, File)

HSBC cuts headcount by 35,000 in deep overhaul

Feb. 18, 2020 8:51 AM EST

LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus. The interim chief executive, Noel Quinn, said Tuesday...

Spokane area continued upward trend in employment in 2019

Feb. 16, 2020 3:32 PM EST

SPOKANE, Wash. (AP) — An increasing population and a booming economy have spurred employment growth around Spokane, according to state labor officials. The region covering Spokane, Stevens and Pend Oreille counties, saw more than 4,600 new jobs in 2019, surpassing that mark for the fifth consecutive year,...

Unemployment insurance available for power plant workers

Feb. 14, 2020 10:59 PM EST

PREWITT, N.M. (AP) — State labor officials say workers who are laid off as a result of a planned power plant closure in western New Mexico will be eligible for unemployment benefits. Tri-State Generation and Transmission Association announced earlier this year it would close the coal-fired Escalante...

President Donald Trump's nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington, Thursday, Feb. 13, 2020. (AP Photo/J. Scott Applewhite)

Trump Fed nominee Shelton faces skepticism at Senate hearing

Feb. 13, 2020 7:06 PM EST

WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it. The nominee, Judy Shelton, sought to make her...

Senate Banking Committee Chairman Sen. Mike Crapo, R-Idaho, left, talks with ranking member Sen. Sherrod Brown, D-Ohio, right, during a hearing with Federal Reserve Chairman Jerome Powell on Capitol Hill in Washington, Wednesday, Feb. 12, 2020. (AP Photo/Susan Walsh)

A Trump Fed choice faces Senate scrutiny over policy views

Feb. 13, 2020 12:01 AM EST

WASHINGTON (AP) — One of President Donald Trump's nominees for the Federal Reserve will likely face skeptical questioning from a Senate committee Thursday over her unconventional economic views. Trump has nominated Judy Shelton for the Fed's Board of Governors, a position with significant influence over...

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, Wednesday, Feb. 12, 2020, during a hearing on the Monetary Policy Report. (AP Photo/Susan Walsh)

Powell hears bipartisan Senate support for Fed independence

Feb. 12, 2020 2:14 PM EST

WASHINGTON (AP) — Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed at Powell on Twitter. “Stay independent,” Sen. John Kennedy, a...

In this, Wednesday, Feb. 5, 2020 photo a worker sorts through tomatoes after they are washed before being inspected and packed, in Florida City, Fla. A Florida bill mandating that private companies verify each new hire's eligibility to work in the U.S. is worrying farmers in the agriculture-rich state. The growers complain they are struggling to find farm workers as the unemployment rate reaches record lows. (AP Photo/Wilfredo Lee)

Farmers worry Florida bill will worsen labor scarcity woes

Feb. 11, 2020 7:28 PM EST

FLORIDA CITY, Fla. (AP) — On a recent afternoon, many stools stood empty beside a conveyor belt where workers examined a stream of green tomatoes and tossed aside those with holes and cracks at a South Florida packing house. Paul J. DiMare, one of the country’s leading producers of fresh tomatoes,...

FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair designed for people fifty years or older in Miami. On Tuesday, Feb. 11, 2020, the Labor Department reports on job openings and labor turnover for December. (AP Photo/Lynne Sladky, File)

US open jobs fall sharply for 2nd straight month

Feb. 11, 2020 11:14 AM EST

WASHINGTON (AP) — U.S. businesses sharply cut the number of jobs they advertised in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market. The number of available positions dropped 5.4% to 6.4 million, a historically solid number, the Labor Department said...

Economists: Detroit jobs, household income forecast to rise

Feb. 10, 2020 1:13 PM EST

DETROIT (AP) — Household income and employment for Detroit residents are forecast to increase over the next four years, according to economists. Detroit’s unemployment rate will drop to just under 8% by 2023 and 2024, researchers with the University Economic Analysis partnership announced Monday....

This Week: Job openings, PepsiCo earns, US retail sales

Feb. 10, 2020 1:00 AM EST

A look at some of the key business events and economic indicators upcoming this week: IN A HIRING MOOD New Labor Department data should provide insight into employers' demand for workers. The last Job Openings and Labor Turnover Survey showed the number of available jobs fell 7.6% in November from the previous...