Employment
  • Analysis: Cuts unlikely to deliver promised budget savings

    Analysis: Cuts unlikely to deliver promised budget savings

    By Andy Sullivan, Reuters

    WASHINGTON (Reuters) - On paper, there's one thing to like about the ugly spending cuts due to kick in on Friday: $85 billion in budget savings at a time when Washington continues to bleed red ink...

  • Consumer confidence rebounds in February

    Consumer confidence rebounds in February

    By Reuters

    NEW YORK (Reuters) - U.S. consumer confidence picked up much more strongly than expected in February as Americans shrugged off earlier worries over fiscal policy and tax increases, a private sector...

  • JPMorgan Chase to cut up to 4,000 jobs in 2013

    JPMorgan Chase to cut up to 4,000 jobs in 2013

    By David Henry, Reuters

    NEW YORK (Reuters) - JPMorgan Chase & Co plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the company's overall workforce, as the bank tries to...

  • Our Real Worry Isn’t the Debt, It’s Our Politicians

    As we head into yet another self-inflicted crisis over the national debt, does the potential harm from the debt justify the risky political tactics and potentially harmful brinksmanship that...

  • Exclusive: Goldman to begin fresh round of job cuts

    Exclusive: Goldman to begin fresh round of job cuts

    By Lauren Tara LaCapra and Katya Wachtel, Reuters

    (Reuters) - Goldman Sachs Group Inc will begin its annual job cutting process as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for...