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| February 19, 2019

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Jobs Archives -

Experiment With Guaranteed Income Creates Less Stress but No Jobs

February 10, 2019 |

A much-watched experiment in Finland failed to provide evidence that offering people a guaranteed income is the answer to some of the insecurities caused by potentially profound changes in the jobs market.
WSJ.com: What’s News Europe

U.S. employers add a robust 304,000 jobs in January

February 1, 2019 |

U.S. employers shrugged off last month’s partial government shutdown and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year.

The healthy gain the Labor Department reported Friday illustrated the job market’s durability nearly a decade into the economic expansion….


L.A. Times – Business

CNN

Tesla cuts 3,000 jobs as Musk cites ‘difficult’ future

January 21, 2019 |

Tesla has announced plans to cut its full-time workforce by 7% as it works to increase Model 3 production.
CNN.com – RSS Channel – World

Tesla to Slash More Jobs in Effort to Lower Model 3 Price

January 19, 2019 |

Tesla is cutting its full-time workforce by 7% to help lower costs so it can sell the Model 3 sedan at a lower price. Shares fell 13%.
WSJ.com: US Business

California economy finishes 2018 on a strong note, adding 24,500 jobs

January 18, 2019 |

California’s job market finished 2018 on a strong note, as payrolls continued to grow despite concerns over a volatile stock market, a continuing trade war with China and fears of a possible U.S. recession.

The state added 24,500 net jobs in December, just short of November’s rise of 25,700, according…


L.A. Times – Business

Ford to Slash Jobs, Shut Plants in Major European Revamp

January 12, 2019 |

Ford is launching an overhaul of its European business that is expected to include thousands of job cuts, plant closures and the scrapping of low-profit models amid a storm of bad news for global car makers.
WSJ.com: US Business

Stocks soar on jobs report, U.S.-China trade talks and Jerome Powell comments

January 5, 2019 |

Stocks soared Friday on Wall Street, reversing the big losses they suffered the day before. The major U.S. indexes all jumped more than 3%, the latest twist in a wild three months for markets.

Hopes for progress in the U.S.-China trade dispute, a strong report on the U.S. jobs market and encouraging…


L.A. Times – Business

U.S. Adds 312,000 Jobs in December as Wages Jump

January 5, 2019 |

U.S. employers added jobs in December at the fastest pace since February and wages surged, suggesting the economy maintained strong momentum at the end of 2018 even as financial markets sank.
WSJ.com: What’s News Asia

U.S. employers add a robust 312,000 jobs in December

January 4, 2019 |

U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial shutdown of the federal government.

The Labor Department said Friday that the unemployment rate…


L.A. Times – Business

They left their jobs at a law firm and digital ad agency to create hoodies that fold into plushies

December 16, 2018 |

Zac Park, 29, and Spencer Markel, 35, are co-chief executives of Cubcoats, a company on the Westside of Los Angeles that makes children’s hoodies that can fold into stuffed animals. The 25-person enterprise originally offered eight animal hoodies but has since expanded to include licensed characters…


L.A. Times – Business