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  • Exclusive: The hidden U.S. job crisis

    The West Coast isn't a dreamy place for many workers. Millions of Americans are languishing there in part-time jobs with no other options.

    In California alone, 1.2 million people are "underemployed." That equals the entire population of San Francisco and Oakland.

    California is the hardest state for part-time workers to find full-time jobs, according to CNNMoney's analysis of previously unpublished data from the Labor Department.
    The Golden State is hardly alone. Nevada, Oregon, and Arizona are nearly as bad. Washington is also above the national average.


  • #2
    Jobless claims in U.S. increased 25,000 last week to 304,000

    Applications for unemployment benefits climbed last week to a level that’s consistent with progress in the U.S. labor market.

    Jobless claims rose by 25,000 to 304,000 in the week ended Feb. 7, higher than forecast, from a revised 279,000 in the prior period, a Labor Department report showed Thursday in Washington. The median projection of 48 economists surveyed by Bloomberg called for 287,000. The four-week average dropped to the lowest since mid-November.



    • #3
      IBM says 'several thousand' layoffs on the way

      IBM is dismissing a report in Forbes that it is planning a massive reorganization that could see layoffs of as many as 110,000 workers beginning next week.

      The company said it is planning layoffs that could affect several thousand employees, but said the Forbes report is inaccurate.

      "IBM does not comment on rumours, even ridiculous or baseless ones," the company said in an email to Reuters. "If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600-million charge for workforce rebalancing. This equates to several thousand people, a small fraction of what's been reported."