'This could be the one that gets me,' says oilfield service veteran

(Reuters) – Tim Harris was preparing to relocate for an assignment with energy services firm Halliburton Co (HAL.N) for the fifth time in 15 years when his career came to a halt. A third-generation employee, Harris rose through the ranks at the top shale-oil services provider to oversee oilfield crews. He sailed through several busts, with the exception of a […]

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U.S. services sector growth accelerates; private payrolls rise solidly

WASHINGTON (Reuters) – U.S. services sector activity jumped to a one-year high in February, suggesting strength in the economy before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve. The economy’s solid fundamentals were also underscored by other data on Wednesday showing private payrolls increased more than […]

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U.S. Jobless Claims Inch Up Less Than Expected To 205,000

First-time claims for U.S. unemployment benefits inched up by less than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 205,000, an increase of 2,000 from the previous week’s revised level of 203,000. Economists had expected jobless claims to rise to 210,000 […]

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Job openings in the U.S. fall to two-year low

The numbers: The number of job openings in the United States fell to a two-year low at the end of 2019, reflecting a slowdown in hiring tied to a softening economy. Job openings sank to 6.42 million in December from 6.79 million, the Labor Department said Tuesday. It’s the second big decline in a row and they declined by more […]

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U.S. Job Growth Far Exceeds Economist Estimates In October

Even with a strike by workers at General Motors (GM) weighing on manufacturing employment, the Labor Department released a report on Friday showing much stronger than expected U.S. job growth in the month of October. The Labor Department said non-farm payroll employment climbed by 128,000 jobs in October compared to economist estimates for an increase of about 89,000 jobs. The […]

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General Motors strike to slash U.S. October payrolls: JPMorgan

WASHINGTON (Reuters) – A month-long strike at General Motors (GM.N) could cut U.S. job growth by as much as 75,000 in October, JPMorgan economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession. Silver said in a research note that the estimated hit to nonfarm payrolls would be the result of both direct and […]

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U.S. Private Sector Job Growth Slows In September

Adding to signs of a slowdown in the U.S. job market, payroll processor ADP released a report on Wednesday showing private sector employment rose by slightly less than expected in the month of September. ADP said private sector employment climbed by 135,000 jobs in September compared to economist estimates for an increase of about 140,000 jobs. The report also showed […]

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U.S. Weekly Jobless Claims Drop Much More Than Expected To 204,000

First-time claims for U.S. unemployment benefits dropped by much more than expected in the week ended September 7th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 204,000, a decrease of 15,000 from the previous week’s revised level of 219,000. Economists had expected jobless claims to edge down to 215,000 […]

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