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First-Time Jobless Claims Rise By 8,000

WASHINGTON (UPI) — First-time jobless claims rose by 8,000 in the week ending Saturday, the U.S. Labor Department said. The weekly report issued Thursday said there were 365,000 initial claims in the week. The four-week rolling average was also 365,000, down by 2,750 from the previous week, the department reported. The largest increases in initial […]

Employers Slow Down Layoff Announcements

CHICAGO, Aug. 2 (UPI) — For the third time in the year, job cuts announced by U.S. firms in July were lower than the same month from the previous year, a research firm said. Outplacement specialist Challenger, Gray and Christmas said U.S. employers announced 36,855 layoffs in July, down from the 37,551 announced in June […]

Recession Sparks Entrepreneur Boom

Recession Sparks Entrepreneur Boom

President Barack Obama may have had the opportunity to point out a silver lining regarding the ongoing economic recession if it weren’t for his recent “you didn’t build that” remarks. High rates of unemployment resulting from the struggling economy have resulted in a surge in American entrepreneurship.

Women Make More Money As PA Than MD

NEW HAVEN, Conn. (UPI) — If women’s primary motivation is money, they should forget becoming a primary care physician and become a physician’s assistant instead, U.S. researchers say. Study authors M. Keith Chen and Judith Chevalier of the Yale School of Management used data from thousands of doctors and physician’s assistants — wages and hours […]

Consumer Spending Flat In June

WASHINGTON (UPI) — Consumer spending was essentially flat for the second consecutive month in June, the U.S. Commerce Department said Tuesday. Adjusted for inflation, spending was down 0.1 percent, after rising 0.1 percent in May and 0.2 percent in April. Incomes rose 0.5 percent, or $61.8 billion, after rising 0.3 percent in May. Economists expected […]

Home Prices Up In May From April

NEW YORK (UPI) — U.S. home prices rose April to May, the second consecutive month of gains, the Standard & Poor’s/Case-Shiller report said Tuesday. Home prices rose 2.2 percent in both the 10-city and 20-city indexes after rising 1.3 percent in both indexes in April, which was the first rise in seven months. On an […]

Markey Seeks To Block CNOOC Deal

WASHINGTON (UPI) — Rep. Ed Markey, D-Mass., has asked the Treasury Department to block a merger that would give royalty-free U.S. oil to China. In a letter to the department sent Monday, Markey said the merger between Chinese oil company CNOOC Ltd. and Canadian firm Nexen Inc., should be blocked “until, at a minimum, parties […]

Not Everyone Gets Obamacare Rebates

WASHINGTON (UPI) — Don’t hold your breath waiting for a rebate from a U.S. insurance company, a law professor advised. The new healthcare act requires insurance companies with high administrative costs — those deemed not paying out enough in insurance benefits — return money in one of a variety of forms to their customers. Some […]

Arrogant Bosses Insecure, Disparage Others

AKRON, Ohio (UPI) — Arrogant bosses are typically poor performers who cover up insecurities by disparaging subordinates and can hurt a company’s bottom line, U.S. researchers say. Professor Stanley Silverman, dean of the University of Akron’s Summit College, and colleagues at Michigan State University, developed a Workplace Arrogance Scale to help organizations identify arrogant managers […]

AA To Expand Lie-Flat Option On Planes

FORT WORTH, Texas (UPI) — American Airlines said some long-haul domestic flights would be run with planes with so-called lie-flat seats in the business and first class sections. The airline did not say when planes with lie-flat seats would be put to use for transcontinental flights, the Los Angeles Times reported Saturday. American is expecting […]

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