State and local budget deficits led to a surge in job cuts in education, and high gas prices hobbled the transportation industry, sending monthly planned layoffs up in April, according to job firm Challenger, Gray and Christmas
The job placement company Challenger, Gray, and Christmas is predicting that teens will have an easier time finding jobs this summer. Employment in this age group won't be back to pre-recession levels, but nothing like the summer of 2010 where youth employment had fell to a 60 year low.
New York Bureau chief Heidi Moore and Sudeep Reddy of the Wall Street Journal check in for our weekly recap of wall street and the economy: Sluggish jobs report, Facebook plays the exchange game, and will IBM's CEO go to the Masters?
The payroll processing company ADP said the U.S. private sector added 209,000 jobs last month, a sign that job growth has yet to be affected by high gas prices. The seeming recovery has also led the Fed to announce it will ease off with quantitative easing.