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Employment News

Employment News for October 21, 2014

  • Survey: Pay raises rarer despite strong U.S. hiring

    The Salt Lake Tribune » Mon, 20 Oct 2014 11:03:55 MDT

    Survey: Pay raises rarer despite strong U.S. hiring By CHRISTOPHER S. RUGABER The Associated Press Updated Oct 20, 2014 11:03AM MDT Washington • U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months. A quarterly survey by the National Association for Business Economics found that only 24 percent of companies increased wages and salaries in the July-September quarter. That’s down from 43 percent in the April-June quarter and the first drop after three straight increases. Yet the firms still a... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Unequal Pay: Must women rely on good karma?

    The Salt Lake Tribune » Fri, 17 Oct 2014 16:34:25 MDT

    Unequal Pay: Must women rely on good karma? By BARBARA ORTUTAY The Associated Press Updated Oct 17, 2014 04:34PM MDT Don’t ask for a raise. Keeping quiet will give you “superpowers” that will translate into employer trust and other “good karma” that will eventually come back around to your purse. Microsoft CEO Satya Nadella was widely derided last week for his foot-in-mouth statement at an event celebrating women in computing. During his stage interview, Microsoft director Maria Klawe asked Nadella to give advice to women who want to advance their careers but are uncomfortable asking for promotions and raises... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • September employment up by 47,600 over 2013

    The Salt Lake Tribune » Fri, 17 Oct 2014 13:35:02 MDT

    September employment up by 47,600 over 2013 By Mike Gorrell The Salt Lake Tribune Updated Oct 17, 2014 01:35PM MDT Utah’s job numbers are looking increasingly better. The state’s economy supported 47,600 more jobs in September than it did a year earlier, a robust 3.7 percent growth rate that is one of Utah’s best monthly figures of the post-recession era. Although the unemployment rate remained static at 3.5 percent, the Beehive State’s jobless rate last month was still far below the declining national rate of 5.9 percent, according to figures released Friday by the Utah Department of Workforce Services. “Ut... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Audit: Utah lax in overseeing $600M in incentives to companies

    The Salt Lake Tribune » Tue, 14 Oct 2014 22:38:19 MDT

    Audit: Utah lax in overseeing $600M in incentives to companies By ROBERT GEHRKE and Mike Gorrell The Salt Lake Tribune Updated Oct 14, 2014 10:38PM MDT State economic development officials have played fast and loose in committing the state to more than $600 million in economic incentives in the last eight years, an audit of the Governors Office of Economic Development reported Tuesday. But officials with the agency defended their handling of the program, designed to lure businesses to the state, saying they have been given broad discretion by the Legislature and used it wisely. The proof, they say, is nearly 13,000 jobs and $128 million in tax... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Unequal Pay: Must be a lot of good karma out there

    The Salt Lake Tribune » Fri, 10 Oct 2014 19:12:01 MDT

    Unequal Pay: Must be a lot of good karma out there By BARBARA ORTUTAY The Associated Press Updated Oct 10, 2014 07:12PM MDT New York • Don’t ask for a raise. Keeping quiet will give you “superpowers” that will translate into employer trust and other “good karma” that will eventually come back around to your purse. Microsoft CEO Satya Nadella was widely derided Thursday for his foot-in-mouth statement at an event celebrating women in computing. During his stage interview, Microsoft director Maria Klawe asked Nadella to give advice to women who want to advance their careers but are uncomfortable asking for promotions a... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Rampell: The flat line on pay raises

    The Salt Lake Tribune » Thu, 09 Oct 2014 10:21:48 MDT

    Rampell: The flat line on pay raises By Catherine Rampell The Washington Post Updated Oct 9, 2014 10:21AM MDT Why haven’t you gotten a raise? In the past few years, corporate profits have climbed ever higher. Legions of unemployed people are now finding gainful employment, with joblessness finally falling below 6 percent. Meanwhile, if you’re anything like the average American worker, your pay has been flat, just barely keeping pace with inflation. If you’re in the very middle of America’s income distribution, in fact, your overall household income is lower today than it was when the recession officiall... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • France, Italy seek more EU money to create jobs

    The Salt Lake Tribune » Wed, 08 Oct 2014 10:51:42 MDT

    France, Italy seek more EU money to create jobs By COLLEEN BARRY The Associated Press Updated Oct 8, 2014 10:51AM MDT Milan • France and Italy plan to ask the European Union to put up another $18 billion to create jobs for the 5 million young unemployed people, but face stiff opposition from Germany at a summit Wednesday. French President Francois Hollande told reporters that he and Premier Matteo Renzi would like to increase a fund earmarked to ease youth unemployment to $25 billion from $7.6 billion. Unemployment is one of Europe’s most pressing economic problems — some 25 million people are without work, or ... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • U.S. job openings rose in August as hiring fell

    The Salt Lake Tribune » Tue, 07 Oct 2014 10:01:41 MDT

    U.S. job openings rose in August as hiring fell By JOSH BOAK The Associated Press Updated Oct 7, 2014 10:01AM MDT Washington • U.S. employers advertised the most job openings in nearly 14 years during August, yet their pace of hiring fell compared to July. The number of available jobs rose 230,000 to 4.84 million during the month, the Labor Department said Tuesday. Restaurants, hotels and health care providers drove much of the increase, which resulted in the most openings since January 2001. But total hiring fell 294,000 to 4.64 million, driven by declines in construction and retail. This suggests a potent... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Turner Broadcasting is eliminating 1,475 jobs

    The Salt Lake Tribune » Mon, 06 Oct 2014 16:49:02 MDT

    Turner Broadcasting is eliminating 1,475 jobs The Associated Press Updated Oct 6, 2014 04:49PM MDT New York • Turner Broadcasting, the parent of the CNN, TBS and TNT networks, is eliminating about 1,475 jobs, or about 10 percent of its total employees. Monday’s announcement follows an offer of voluntary buyouts to 600 veteran employees in August, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner. Turner said Monday the restructuring includes cutting jobs, eliminating unfilled positions and voluntary departures. The eliminations will affect ... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Lloyds to cut thousands of jobs, automate

    The Salt Lake Tribune » Mon, 06 Oct 2014 09:43:01 MDT

    Lloyds to cut thousands of jobs, automate By Stephen Morris Bloomberg News Updated Oct 6, 2014 09:43AM MDT London • Lloyds Banking Group, Britain’s largest mortgage provider, is poised to eliminate thousands of jobs in what may be the biggest round of cuts since at least 2011, a person familiar with the matter said. The bank will shut branches as part of efforts to automate its entire business, with job cuts expected in areas such as mortgage processing and new account opening, said the person, who asked not to be identified because the strategy isn’t finalized. Some people may be able to assume new ... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Solid U.S. jobs data boosts world markets Monday

    The Salt Lake Tribune » Mon, 06 Oct 2014 08:32:02 MDT

    Solid U.S. jobs data boosts world markets Monday By YOUKYUNG LEE The Associated Press Updated Oct 6, 2014 08:32AM MDT Seoul, South Korea • Global markets were mostly higher on Monday as investors continued to draw confidence from upbeat U.S. jobs data from last week. KEEPING SCORE: Britain’s FTSE 100 rose 0.4 percent to 6,555.12 and Germany’s DAX advanced 0.9 percent to 9,279.16. France’s CAC 40 added 0.3 percent to 4,292.70. Futures augured another cheerful day for U.S. stocks, with futures for the Dow Jones industrial average and the Standard & Poor’s 500 up 0.3 percent. ASIA’S DAY: Japan and Hong Kong rose b... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Study: More job training needed for Utah’s disabled students

    The Salt Lake Tribune » Mon, 06 Oct 2014 08:50:44 MDT

    Study: More job training needed for Utah’s disabled students By ANNIE KNOX The Salt Lake Tribune Updated Oct 6, 2014 08:50AM MDT Patrick Utzinger doesn’t want other students to face the kind of bullying he did as a kid. So the autistic high school senior is interviewing this week for a job to mentor grade-school students. He put together a resume and refined his pitch in a job training program at City Academy, a charter school in Salt Lake City. Getting a job, he said Thursday, “is just harder for kids with autism.” But, he added, “It’s good experience to have that employment when you go off to college.” Utzinger is on... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Dionne: Gratitude? Fuggedaboutit

    The Salt Lake Tribune » Mon, 06 Oct 2014 15:11:48 MDT

    Dionne: Gratitude? Fuggedaboutit By E.J. Dionne The Washington Post Updated Oct 6, 2014 03:11PM MDT Washington • As Ken Burns’ superb documentary on the Roosevelts reminded us, “Happy Days Are Here Again” is one of the most evocative anthems in the history of the Democratic Party. You have to ask: Why aren’t the Democrats, and the country, singing it loudly now? A party controlling the White House could not ask for much more from economic numbers than the Democrats got in Friday’s jobs report, issued a month and a day before the midterm elections. Unemployment fell to 5.9 percent, the lowest ... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Surge of hiring cuts U.S. jobless rate to 5.9 percent

    The Salt Lake Tribune » Fri, 03 Oct 2014 21:20:06 MDT

    Surge of hiring cuts U.S. jobless rate to 5.9 percent By CHRISTOPHER S. RUGABER The Associated Press Updated Oct 3, 2014 09:20PM MDT Washington • In a burst of hiring, U.S. employers added 248,000 jobs in September and helped drive down the unemployment rate to 5.9 percent, the lowest since July 2008. The Labor Department’s report Friday also showed that employers added a combined 69,000 more jobs in July and August than the government had previously estimated. The unemployment rate fell from 6.1 percent in August and is now close to 5.5 percent, which many economists consider a healthy level for the United States. The lower... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Surge of hiring cuts U.S. jobless rate to 5.9 percent

    The Salt Lake Tribune » Fri, 03 Oct 2014 10:05:02 MDT

    Surge of hiring cuts U.S. jobless rate to 5.9 percent By CHRISTOPHER S. RUGABER The Associate Press Updated Oct 3, 2014 10:05AM MDT Washington • In a burst of hiring, U.S. employers added 248,000 jobs in September and helped drive down the unemployment rate to 5.9 percent, the lowest since July 2008. The Labor Department’s report Friday also showed that employers added a combined 69,000 more jobs in July and August than the government had previously estimated. The unemployment rate fell from 6.1 percent in August and is now close to 5.5 percent, which many economists consider a healthy level for the United States. The lower ... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Global stocks higher ahead of U.S. jobs data

    The Salt Lake Tribune » Fri, 03 Oct 2014 08:52:02 MDT

    Global stocks higher ahead of U.S. jobs data By JOE McDONALD The Associated Press Updated Oct 3, 2014 08:52AM MDT Bangkok • Global stocks were mostly higher Friday as investors looked ahead to U.S. data on jobs and factory output, while Hong Kong rose despite pro-democracy protests. KEEPING SCORE: France’s CAC-40 added 0.5 percent to 4,264.57 points while London’s FTSE 100 shed 1.7 percent to 6,446.39. German markets were closed for a holiday. Wall Street looked set for a strong opening, with futures for the Dow Jones industrial average and Standard & Poor’s 500 both up 0.4 percent in pre-market trading. On... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Stocks jump in midday trading on U.S. jobs gains

    The Salt Lake Tribune » Fri, 03 Oct 2014 12:02:09 MDT

    Stocks jump in midday trading on U.S. jobs gains By BERNARD CONDON The Associated Press Updated Oct 3, 2014 12:02PM MDT New York • A surge in hiring by U.S. employers drove the Dow Jones industrial average up 200 points in early afternoon trading Friday. The better-than-expected job gains added to evidence of a two-speed global economy as the U.S. strengthens while many other countries stumble. That pushed the value of the dollar as measured against other major currencies to the highest level in four years. U.S. bonds and gold fell as investors anticipated higher interest rates. KEEPING SCORE: The Dow rose 204 po... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Mysteries of U.S. job market waiting to be solved

    The Salt Lake Tribune » Thu, 02 Oct 2014 17:17:01 MDT

    Mysteries of U.S. job market waiting to be solved By CHRISTOPHER S. RUGABER The Associated Press Updated Oct 2, 2014 05:17PM MDT Washington • Just how healthy is the U.S. job market? Despite steady hiring and falling unemployment, the question has provoked sharp debate and considerable uncertainty on the eve of the September jobs report. Will millions without jobs who aren’t looking for one eventually start looking? Why aren’t companies filling more of their openings? Why can many people find only part-time work? Much of the uncertainty flows from a big question: Does today’s 6.1 percent unemployment rate, far below the 1... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Applications for U.S. jobless benefits drop to 287K

    The Salt Lake Tribune » Thu, 02 Oct 2014 17:13:09 MDT

    Applications for U.S. jobless benefits drop to 287K By JOSH BOAK The Associated Press Updated Oct 2, 2014 05:13PM MDT Washington • The number of people seeking U.S. unemployment benefits dropped 8,000 last week to a seasonally adjusted 287,000, as the total number of beneficiaries dropped to its lowest level in more than eight years. The four-week average of applications, a less volatile measure, fell 4,250 to 294,750, the Labor Department said Thursday. Overall, 2.3 million people are receiving jobless aid. That’s the fewest since June 2006, which predates the start of the Great Recession by 18 months. “The nu... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
  • Obama touts economic gains under his watch

    The Salt Lake Tribune » Thu, 02 Oct 2014 15:35:02 MDT

    Obama touts economic gains under his watch By NEDRA PICKLER and JIM KUHNHENN The Associated Press Updated Oct 2, 2014 03:35PM MDT Evanston, Ill. • President Barack Obama acknowledged his pivotal role in the midterm political campaign Thursday, arguing that the November congressional elections are a referendum on his economic policies and blaming Republicans for blocking his efforts to boost wages and create more jobs. In a speech at Northwestern University that marked a shift in attention from foreign entanglements to domestic concerns, Obama laid claim to an economic recovery that he said has made steady progress, yet he ... Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ... Read More
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