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The Federal government will report its February non-farm payroll numbers on Friday, and economists are expecting a gain of 200,000 jobs for an official unemployment rate of 9.1%.
February employment in the private sector rose by 217,000 according to an Automatic Data Processing report. Service sector employment rose 202,000, while employment in the goods-producing sector rose 15,000. The company revised it
New York led the country with 22,800 job cuts last month, followed by Minnesota with 22,400 firings, and Florida with 17,900 according to figures from the report.
West Virginia had the most increase joblessness, up 0.3%, followed by Colorado, Georgia and Nevada, up 0.2% each. Nevada also showed the highest jobless rate in the country at 14.5%.
The Labor Department reported that payrolls decreased in 35 U.S. states while the unemployment rate rose in 20, showing that the labor market recovery is slow to gather momentum, according to a Bloomberg report.
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
