The U.S. is hardly alone in losing work to cheaper skilled labor in foreign countries. Australia, Canada and Israel, among others, have dropped off Gartner’s list of the top 30 countries for outsourcing. Here’s where IT and bus…
With U.S. unemployment at 9.8%, its easy to envy workers in countries where many companies guarantee jobs for life. And while the number of Japanese workers with such guarantees is shrinking, in Germany, it’s rising rapidly. Co…
The humbled housing sector took a modest step forward last month as starts rose a better-than-predicted 3.9% to a 530,000-unit annual rate. Still, at the current pace, the nation is 18 to 24 months from seeing normal levels of …
The slowly improving tone to the U.S. job market continued with last week’s numbers for new unemployment claims. The less volatile four-week moving average also dropped again, to 422,750. That’s its lowest level since August 20…
Initial jobless claims unexpectedly fell last week.
Claims fell 3,000 to 420,000 in the week ending Dec. 11, the Department of Labor said. The revised figure for the previous week was 423,000.
A survey of economists by The Wall Street Journal pre…