Only 5% of companies plan to cut retiree benefits
71,000 full-time jobs cut in December
70,600 jobs lost in November
Correction: The printed version of this story incorrectly stated that Fidelity plans to wind down its defined benefit pension record keeping business. Fidelity is winding down its defined contribution record keeping business.Mutual fund companies may be handing out pink slips, but if you’re an advisor scanning the want ads, there are jobs available.The grim headlines […]
U.S. employers slash payrolls by 240,000 jobs
Trade surplus widens
Weaker-than-expected report not enough to spur cuts to interest rates, economists say
The average weekly wage is still growing faster than the inflation rate
Canada’s unemployment rate crept up 0.1 percentage points in June to 6.2% as the economy lost about 5,000 jobs.Statistics Canada said today that gains in part-time employment last month largely offset declines in full-time work.The job report was weaker than economists had been expecting. Economists forecast of an addition of 6,500 jobs for the month.StatsCan […]
Economy sheds 32,200 full-time jobs