Fifty four percent of employers reported losing high-performing workers during the first half of the year. Apparently, they’re leaving for better offers as businesses are quickening their hiring pace again,according to the survey by Right Management, a talent and career management consulting firm. About 18 percent of companies reported that workers quit, but that they [...]
Continue reading …Retail sales rose in August by the largest amount in five months, adding to evidence that a late spring economic swoon was temporary and not the start of another recession. Retail sales rose 0.4 percent last month, the best advance since March, the Commerce Department said Tuesday. Excluding a big decline in autos, retail sales [...]
Continue reading …Randy and RayAnne Smith did a bit of shopping last weekend. Wearing a gold watch, a sports coat and a Ralph Lauren oxford, Randy perused the men’s section while RayAnne, in a trendy skirt and matching jacket, sorted through ladies’ shoes. The retired small-business owners have shopped for years at places like Neiman Marcus, Nordstrom [...]
Continue reading …The number of Americans signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren’t resorting to deeper layoffs even as the U.S. economy has lost momentum. The Labor Department reported Thursday that new claims for unemployment aid plunged last week by a seasonally adjusted 27,000 to [...]
Continue reading …Colorado’s suicide rate jumped to it’s highest rate last year since 1988, likely spurred by the poor economy, experts say. The Colorado Department of Public Health and Environment reported 940 suicides in 2009, a ratio of 18.4 deaths per 100,000 people. The ratio was 18.9 in 1998. Jarrod Hindman, program manager of the department’s Office [...]
Continue reading …Professional symphony orchestras across the country were hit hard by the recession, suffering steep declines in ticket sales and contributions. Many have trimmed programs, cut staff and musician pay. The Colorado Springs Philharmonic, however, seems to be bucking national trends. Since Executive Director Nathan Newbrough took the reins two years ago, the Philharmonic has more [...]
Continue reading …Are banks hoarding cash and refusing to make loans? A lot of business owners think so. So does the Obama administration, which claims banks are slowing the economic recovery by not lending as much as they could. Talk to the bankers themselves, however, and they’ll say the borrowers they’re seeing don’t qualify, that loan demand [...]
Continue reading …New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are cutting jobs again as the recovery slows. The Labor Department says initial claims for jobless benefits rose by 12,000 last week to 500,000, the fourth increase in the past five weeks. Wall Street [...]
Continue reading …A Gallup poll says that 18.4 percent of U.S. workers say they are either unemployed or underemployed. The survey of 81.6 percent have jobs, but the unemployed/underemployed number has been between the high-teens and 20 percent throughout the year. Gallup surveys 19,800 American workers each month. “Underemployed” is defined as working part-time while wanting to [...]
Continue reading …The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation’s toughest job markets. The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed homeowners. Some of [...]
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