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June 24, 2008 | SANDY BANKS
It could be the rhinestone stud in her cheek, her thin resume, or her unwillingness to interview before noon, lest job-seeking disrupt her gym routine or interrupt her beauty sleep. Or it could be that this is the weakest job market for teenagers looking for summer work in more than half a century. But two weeks of pounding the pavement -- or at least occasionally scrolling through "help wanted" ads on Craigslist -- have produced not a single employment offer for my 17-year-old daughter . . .
April 27, 2014 | By Jerry Hirsch and David Undercoffler
Toyota Motor Corp. plans to move large numbers of jobs from its sales and marketing headquarters in Torrance to suburban Dallas, according to a person familiar with the automaker's plans. The move, creating a new North American headquarters, would put management of Toyota's U.S. business close to where it builds most cars for this market. North American Chief Executive Jim Lentz is expected to brief employees Monday, said the person, who was not authorized to speak publicly. Toyota declined to detail its plans.
March 1, 2013 | By Jim Puzzanghera
WASHINGTON -- Consumer confidence surged in February as the improving job market offset concerns about higher taxes and looming federal spending cuts, according to a leading private barometer. The monthly consumer sentiment index from Thomson Reuters and the University of Michigan rose 5.1% last month from January. The new reading of 77.6 also was up 3.1% from a year earlier. “Consumer confidence continued to improve in February due to expected gains in employment," said Richard Curtin, the survey's chief economist.
April 24, 2014 | By Tim Logan
In another sign that the hot Southland housing market is throttling down, homes here are staying on the market longer lately. The share of houses that have been listed for sale for at least two months climbed in the Los Angeles, Orange County, Inland Empire and Ventura regions of Southern California compared with a year ago, according to an analysis by real estate website Trulia . Thanks to perennially tight supply, Southern California housing...
March 26, 2012 | By Don Lee
Despite the recent pickup in job gains, Federal Reserve Chairman Ben S. Bernanke offered a cautious assessment of the labor market and suggested that he would press the Fed to continue or expand the central bank's easy-money policies to ensure further improvements in the unemployment rate.   In a speech Monday at an economics conference, Bernanke maintained that conditions in the job market remain "far from normal," with total hours of work and the number of people working still well below pre-recession levels.
December 14, 2009 | By Don Lee
The unemployment rate dropped last month for men and women, blacks and whites, lifting hopes that the long dry spell in the jobs market may be coming to an end. But for recent college graduates and other young adults, the labor situation didn't just remain dire -- it got worse. For 20- to 24-year-olds, the jobless rate rose four-tenths of a percent to 16% in November, even as unemployment nationally slipped to 10% from 10.2%. And data from the Labor Department show that the unemployment figure for college graduates in that age group was 10.6% in the third quarter -- the highest since early 1983 and more than double the rate for older college-educated workers.
June 29, 2010 | By Shan Li, Los Angeles Times
A summer job is a traditional rite of passage for most teens, but this year that may be passing them by. Nationwide, teens are facing the most difficult summer hiring season in decades, experts say. The unemployment rate for 16- to 19-year-olds hovered at 26.4% last month — the highest May figure since the Bureau of Labor Statistics began tracking it in 1948 — as older workers continued snapping up jobs normally held by the...
May 3, 2012 | By Tiffany Hsu
Employee productivity took its biggest slide in a year, not because workers are slacking off but because businesses are boosting their head counts to keep up with demand. That's a good sign for the job market. It shows that bosses, who whittled their ranks during the lean years, are no longer able to squeeze as much output as they once were from their skimpy workforce. Despite frail GDP growth last quarter, demand for goods and services was strong (though it may be starting to slacken, depending on whom you ask )
August 6, 2010 | By Don Lee, Los Angeles Times Staff Writer
The employment picture in the U.S. remained bleak last month as the nation's payrolls fell for a second straight month, with private-sector businesses adding a disappointingly scant number of new jobs. The jobless rate held steady at 9.5% in July, the government said Friday. The Labor Department said that private employers added just 71,000 new net jobs in July. Meanwhile, the federal government laid off 143,000 temporary census workers, and with budget-strapped local governments also cutting back, the total number of American jobs last month fell by 131,000 from June.
August 7, 2010 | By Don Lee, Los Angeles Times
With the U.S. economy losing jobs for a second straight month in July, evidence is mounting that U.S. companies are spending huge sums on new equipment and taking other steps to make them more productive without hiring more workers. The nation's unemployment rate remained stuck at 9.5% last month, the government reported Friday, as the economy sustained a net loss of 131,000 jobs. What's more, revisions of the previous month revealed a much bigger job loss than originally reported: The nation lost 221,000 jobs in June, not 125,000.
April 19, 2014 | By Tim Logan
Sarah Luna wants to buy a home in up-and-coming northeast Los Angeles before it's too late. At 31, she has a master's degree and earns more than $70,000 as a court reporter and freelance editor. She daydreams about trading the Glendale apartment she shares for a little condo, maybe in Echo Park or Highland Park. Just one thing holds her back: The $700 she's paid every month since 2008, after she graduated from the University of Southern California - with $75,000 in student debt.
April 18, 2014 | By Shan Li
California's employers added 11,800 jobs in March, a modest increase but one that nevertheless kept momentum going in the job market. The unemployment rate, meanwhile, held steady at 8.1% from the month-earlier revised figure, the state's Employment Development Department reported Friday. "We are zig-zagging on a monthly basis. One month is strong and the next is weak," said Esmael Adibi, an economist at Chapman University. "But based on what we see at the national level, we will get much stronger growth" this year.
April 15, 2014 | By Jessica Folsom, guest blogger
I can't make it through a day without hearing about the jobs crisis. I hear it from my father, because how could anyone majoring in international studies make it in this job market? I hear it from my accounting professor at UC San Diego, who shamelessly attempts to convert us all into accountants willing to work ridiculous hours for somewhat decent pay. And I hear it from the news, telling us it's among the worst unemployment crises we've had. But we've already done everything we can: Interest rates are near zero and the government has tried various stimulus programs as well as provided unemployment benefits for those who are desperately searching, only to find a dried-up job pool.
April 8, 2014 | By Walter Hamilton
The percentage of mothers who stay home with their children is rising due to shifting demographics and a troubled job market. The portion of stay-at-home mothers with children under age 18 rose to 29% in 2012 from 23% in 1999, according to a new Pew Research Center analysis of government data. Prior to that, the share of stay-at-home moms had declined for three decades as women in general flooded into the workforce. The increase in home-based mothers is driven partly by the desire to focus on children.
April 5, 2014
Millennials had a rough week on The Times' letters page. In addition to the handful of responses Thursday agreeing with the editorial that criticized student leaders at UC Santa Barbara for calling on professors to flag any potentially distressful class material, recent college graduate Emily Koss' Op-Ed article lamenting her plight as an "over-educated nanny" after 18 years of school didn't draw much sympathy. Those readers whose letters were printed Wednesday faulted Koss for failing to research the job market before deciding what to study.
April 3, 2014 | By Shan Li
African Americans are falling further behind their white and Latino counterparts when it comes to employment and income, according to a new report from the National Urban League released Thursday. The annual report , called the State of Black America, noted that 13.1% of African Americans were without jobs, compared with 6.5% of whites and 9.1% of Latinos. "Nationally, both African Americans and Latinos lost economic ground relative to whites," the report said. PHOTOS: World's most expensive cities The disparity can also be seen in incomes in neighborhoods around the U.S. Over half of African American and Latino households in the U.S. earn incomes that place them below middle class, compared with 35.5% of white households.
August 8, 2013 | By Walter Hamilton
Tell us your story. Although the economy is perking up, these are tough times for Californians of all ages. Are you a recent college graduate searching for work, a mid-career professional trying to keep your job or a retiree facing financial pressure? Whatever your situation, the Los Angeles Times wants to hear from you. Tell us how you're handling today's economy and job market. Please email or .   ALSO : Many Americans say they can't retire until their 70s or 80s Today's retirees face declining standard of living, study says Student debt is No. 1 fear of college-bound, according to survey
August 10, 2013 | By Shan Li
Share your family's story. Although the economy is improving overall, Californians of all ages are struggling in the job market and with personal finances. In many cases, extended families are stepping in to help. Are you a twentysomething who has moved back home? A fortysomething supporting your children or your aging parents? A sixtysomething who was prematurely pushed out of the workforce? Whatever your age or situation, the Los Angeles Times wants to hear how your family is pulling together in troubled times.
March 31, 2014 | By Don Lee
WASHINGTON -- Federal Reserve Chairwoman Janet Yellen, saying the job market is far from normal, made clear Monday that the central bank remains committed to providing extraordinary support for the economy for some time to come. Yellen's remarks in Chicago were meant to reassure investors and others after statements earlier this month that indicated the Fed might start raising short-term interest rates as soon as early next year - sooner than many had been expecting. “She is backtracking some from her hawkish-sounding remarks from the press conference a couple weeks ago,” said Jack Ablin, chief investment officer of BMO Private Bank in Chicago.
March 30, 2014 | By Emily Koss
"Emily, would you please put a bowl of water on the floor so I can drink like a dog?" It was a sweet and funny request, and I was happy to do it. But it was also a reminder, once again, that I work for a 4-year-old. You've probably heard about the vast array of problems facing my generation as we graduate and attempt to enter the job market. As a 24-year-old recent college grad, I can tell you that what you've been hearing is true. I graduated last May with unpaid internships waiting for me in Mexico, Spain and Nicaragua.
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