The sector specializing in short-term and freelance jobs has taken on a split personality of sorts. Demand for contractors is ticking upward, but pay rates are going the other way.
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Initial jobless claims fell to a two-month low of 450,000, confounding analyst expectations.
Jobless claims dipped 3,000 in the week ending Sept. 11, the Department of Labor said. The revised figure for the previous week was 453,000.
Analysts polled by Reuters forecast claims rising to 460,000.
“The labor market is slowly getting back on track,” Ryan Sweet, a senior economist at…
Continue reading Jobless Claims Fall to Two-Month Low
Jobless Claims Fall to Two-Month Low originally appeared on DailyFinance on Thu, 16 Sep 2010 08:37:00.
Berkshire Hathaway CEO Warren Buffett says that a second, near-term recession in the U.S. is unlikely. Buffett, one of the most successful investors in the world, also says his companies have boosted hiring over the past couple…
The number of U.S. job openings in July increased 30% from a year earlier, signaling that companies may be starting to hire again, according to the U.S. Labor Department.
Continue reading U.S. Job Openings Rise…