All New Wilmott Jobs Board                     (g)

407,000 American Workers To Lose Most of Their Pensions

Photo Credit: US Navy Jeep

 

The Central States Pension Fund, which handles the retirement benefits for current and former Teamster union truck drivers across various states applied for reductions. Currently the plan pays out $3.46 in pension benefits for every $1 it receives from employers. That’s a drain of $2 billion annually.

Please read more here.

 

94,044,000 Americans NOT Participating in the Labor Force

 

 

Headlines from today's Drudge Report reveal some more dismal statistics.

The number of Americans not in the labor force last month totaled 94,044,000, 562,000 more than in March -- and the labor force participation rate dropped to 62.8 percent (near a 38-year low), following four straight months of slight improvement...

Please read more here.

Oil Price Collapse Led to 300,000+ Layoffs Worldwide

Amid the energy industry’s deepest retrenchment in two decades, some oil-and-gas workers who followed the energy boom of the last decade in search of better opportunities are finding themselves jobless and far from home. The oil-price collapse has led energy producers to lay off more than 300,000 workers world-wide, according to Houston consultant Graves & Co.

Please read more here and here.

U.S. Oil Job Cuts Since Beginning of 2015: ~118,000

The U.S. oil industry handed out 23,200 pink slips in the first three months of the year as companies began cutting their once-flush spending budgets deeper than in the ferocious mid-1980s oil bust.

The latest round of layoffs, including recent cuts by Chevron Corp., BP and Anadarko Petroleum Corp., has brought oil-and-gas job cuts across the nation to nearly 118,000 since the beginning of 2015. That's more than one in every five workers the industry had when crude prices began to tumble, the Federal Reserve Bank of Dallas said Friday. 

Please read more here.

93,482,000 Americans Not in Labor Force

The number of Americans not participating in the workforce in March dipped again compared to the previous month but was still higher than it was a year ago, according to Labor Department data released Friday.

The Bureau of Labor Statistics reports that 93,482,000 Americans were neither employed nor had made an effort to find employment in March.

March’s non-participation level continues a multi-month trend of decline after the number of people out of the workforce hit a record high of 94,610,000 in October — declining another 206,000 compared to February.

Please read more here.

Thousands of Layoffs & Hundreds of Store Closings

 

Way too many layoffs and store closings to list in this blog.  Please find them here.

January Job Cuts Surge 218%

 

Please see more here.

94,103,000 Americans Not in Labor Force

The number of Americans not in the labor force last month totaled 94,103,000 -- a slight improvement from the 94,446,000 not in the labor force in November--and the labor force participation rate increased a tenth of a point, with 62.6 percent of the civilian noninstitutional population either holding a job or actively seeking one.

Please read more here.

Tens of Thousands of Layoffs ---- since Dec. 1st

 

Layoffs since December 1st....

 

•  Gulfstream laying off 1,100 employees

•  Barclays Plans Further 20% Investment Bank Job Cuts

•   Anglo American Miner to shed 85,000 jobs

•   Morgan Stanley Cuts 1,200 Jobs

•   Rabobank to Eliminate 9,000 Jobs

•   DuPont to shed 5,000 jobs ahead of Dow merger

•   Shell Confirms 2,800 Job Cuts after BG Merger Clears

•    AOL Confirms Layoffs

•    National Oilwell Marco to Cut Another 900 Jobs

•    Morgan Stanley Plans 1,200 Job Cuts

•    Noble will lay off up to 130 Houston-area workers

•    Schlumberger to Cut More Jobs as Downturn Continues

 

Please see more here...

94,446,000 Americans NOT in Work Force!

Photograph: Leon Neal/AFP/Getty Images

 

While the economy added 211,000 jobs in November, the number of Americans not participating in the work force exceeded 94 million for a fourth month in a row, according to Labor Department data released Friday.

The Bureau of Labor Statistics reports that 94,446,000 people (ages 16 and over) in the U.S. were neither employed nor had made an effort to find work in the prior four weeks during the month of October.

Please read more here.

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