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Employment in the News

Finding a job these days just isn't as easy as it used to be. "Employment in the News" can give you the edge. Here you'll find news on current employment trends and companies who are making headlines, career resources and hot employment sectors. Check back often.

 Title   Date   Author   Host 

MSN Money

by Robert Walberg

August 15, 2006

Wal-Mart's string of quarterly profit growth ended Tuesday, when the giant retailer said its profit fell for the first time in over a decade. While the decline was something new, the reasons for the company's generally sluggish performance were not.

Thanks to an $863 million charge related to its pull-out from Germany, Wal-Mart's profit fell 26% from a year ago to $2.1 billion. Earnings from continuing operations -- a key metric for Wall Street -- rose 5% to $2.98 billion, or 72 cents per share. Sales rose 11% to $85.4 billion, slightly below Wall Street estimates.

Information Week

by Paul McDougall

July 25, 2006

If you've had some nasty or embarrassing illness in the past 12 months, perhaps an ailment so unusual or damning you'd prefer to hide it from your employer, friends and loved ones, then here's a shocker:

There's a good chance that a stranger in far off India knows all about it. And the kicker--it was your health-care provider that told him of your secret battle with plantar warts, rampant hirsutism, and pathological addiction to eBay. Like most other parts of corporate America, the health-care industry is quickly learning that there are enormous savings to be had through offshore outsourcing.

News With Views

by Patrick Wood

July 18, 2006

Do Federal Reserve managers secretly believe that the U.S is bankrupt and is about to go under? Well, where there's smoke, there's fire!

A stunning 23 page report by Professor Laurence J. Kotlikoff titled "Is the U.S. Bankrupt?" was issued by the Federal Reserve Bank of St. Louis in November, 2005, and quietly posted on their public website. Although publicly accessible, it was totally ignored by the U.S. press.

Contra Costa Times (CA)

by George Avalos

July 16, 2006

The surge of immigrants in recent years appears to have depressed the paychecks of East Bay workers in jobs with a big share of foreign-born employees.

These occupations tend to pay less than the average job in the East Bay, a Times analysis of state wage data shows. And that gap has increased in the past four years, at a time when the state has experienced a steady increase in immigrants, primarily from Mexico and other Latin American countries.

The Free Lance-Star (VA)

by and The Free Lance-Star

July 16, 2006

BY LAW, the Equal Employment Opportunity Commission is charged with monitoring the federal government's commitment to equal employment opportunity and identifying areas that need improvement.

Working with the Office of Personnel Management, the EEOC recently issued a status report. This wide-ranging study from 2005 includes a 10-year profile of the changing composition of the federal work force. Over the past decade, the number of federal workers increased from 2,532,507 in 1996 to 2,610,920 in 2005.

Information Week

by Eric Chabrow

July 16, 2006

Tech employment in the United States has been rising, to a record 3.48 million people in June, as 185,000 jobs were added to the rolls over the past two years.

Despite fears that IT is becoming a dead-end profession as work moves offshore, IT jobs were added at a faster rate during the past 24 months than in some perennially hot fields like accounting, nursing, and legal, according to the most recent data from the U.S. Bureau of Labor Statistics. But there's more to the numbers than meets the eye.

RFID Journal

by Kirk J. Nahra and John W. Kuzin

June 19, 2006

News reports continue to raise fears that RFID will be used to monitor consumers' personal lives.

These reports demonstrate firsthand that RFID solutions providers that do not account for privacy and security concerns in their product development, marketing and sales cycles will be at a substantial disadvantage to those providers that do.

Computer World

by Patrick Thibodeau

June 19, 2006

The Programmers Guild is filing a stack of complaints with the U.S. Department of Justice against some 300 IT employers for discriminating against U.S. citizens.

The Programmers Guild charges IT employers are discriminating against U.S. citizens and permanent residents by placing advertisements that specifically seek "H-1B only" visa holders or workers who have student or L-1 visas. John Miano, founder of the Summit, N.J.-based Programmers Guild, said today that he has collected some 1,500 IT job advertisements in the past six weeks from a variety of online jobs boards that express preference for hiring visa holders.

Taipei Times

by Pankaj Mishra

June 15, 2006

Both India and China, which made their most impressive gains when they rejected rather than embraced the free market, need a new way of becoming modern

Economic reforms in the 1980s focused on boosting export-oriented industries on the coast. They made China a huge sweatshop for the West's cheap goods and gave it an average annual growth of 10 percent.

by Gregg Keizer

June 14, 2006

Apple responds to charges that a Taiwanese manufacturer of its iPod Nano music player was running sweatshop-style factories in mainland China.

An article in the print edition of the London-based Mail on Sunday newspaper said that Hon Hai Precision Industry Co. Ltd., better known by its Foxconn brand, pays workers at a Longhua, China, plant just $50 each month, about half what another electronics maker pays its workers who assemble other iPods. The workers, mostly young women from rural areas of China, do 15-hour shifts, are housed in dormitories from which outsiders are banned, and regularly pay about half their wages for room and board charges, the Mail said.

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