August 22, 1997 |
Financially troubled Pinnacle Micro Inc. fired 25% of its work force Thursday, citing weak sales of one of its major product lines and a corporate need to cut back its operating expenses. The company, which makes compact disk storage systems, laid off more than two dozen workers at its Irvine and Colorado Springs, Colo., offices. The company also named its founder, William F. Blum, as chairman and chief executive, partly to replace Daryl J. White, who resigned as chairman in June.
March 12, 1995 |
It wasn't supposed to be this way. In "The Iceman Cometh," the anarchist character Hugo Kalmar cries out that once the revolution comes, "we will eat hot dogs and drink free beer beneath the willow trees." Well, the technological revolution has come. Everywhere, computers and other electronic machines are enhancing human capabilities, making work more productive and eliminating heavy lifting.
March 19, 1991
As the 21st Century approaches and communism recedes, a new specter is haunting Europe: youth deficits. By the year 2000, demographers warn that 24 countries--in Europe, Asia and North America plus Australia--will experience a relative drop in the proportion of their populations aged 15 to 24, a segment of the population crucial for labor force replenishment and social stability. By 2010, five more will join their ranks, some of them developing nations with already critical economic problems.
November 10, 2013 |
When potential employers ask Tracy Blakeley about her personal life, she assumes they're not making idle chit chat. They're trying to figure out how old she is. "They ask if I have kids or grandkids," Blakeley, 53, said. "They won't ask you your birth date, but they'll ask when you graduated from high school. " Blakeley has a rock-solid work ethic, good computer skills and an upbeat personality. What she doesn't have is a permanent job, despite trying her hardest to find one. It's a common story for people in their 50s, 60s and even 70s. Nearly 2 million people ages 55 and older are looking for a job these days, twice as many as before the Great Recession.
October 22, 2013 |
WASHINGTON -- The nation's unemployment rate dropped to a five-year low of 7.2% in September, the government reported Tuesday, but employers continued to show reluctance in hiring as they added a moderate 148,000 jobs over the month. The Labor Department report, delayed 2 1/2 weeks because of the partial federal government shutdown, reflected an economy growing at a lackluster rate. The latest job gains matched the pace since the start of summer but came in below Wall Street's forecast for an increase of about 175,000 jobs.
September 20, 2013 |
In what can best be described as tepid, California's jobs report Friday showed the state added 29,100 net payroll jobs even as the unemployment rate ticked up to 8.9% from 8.7% the month before. Figures from the state's Employment Development Department show that California's year-over-year payroll job growth slowed to 1.5%. Earlier this year, that rate was hovering around 2%. Economists say California has lost steam partly because of the ongoing recession in Europe, the economic slowdown in China and sluggishness in the retail sector.
May 6, 2010 |
Unemployment among Hispanics in the U.S. has soared since the recession hit because those workers are disproportionately employed in industries and regions hardest hit by the downturn, according to a congressional report released Wednesday. Hispanic workers were more likely to be employed in the construction sector, which was pounded during the housing collapse, particularly in states including California, Florida and Nevada, which experienced the largest declines in housing prices and biggest increases in foreclosures.
CALIFORNIA | LOCAL
September 18, 2013 |
For three years, Triana Williams has searched for a job. Between caring for her elderly grandmother and raising her young sister, the 24-year-old has filled out application after application at Ralphs, Rite Aid, Whole Foods, Ross, Payless and Starbucks. She calls to follow up, but they wave her off, Williams said. "They tell me I need experience to get the job," Williams said in her Venice apartment. "But you have to get a job to get experience. " Teenagers and young adults are still mired in dire levels of unemployment in Los Angeles County, years after the recession officially ended.