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EMPLOYMENT NEWS

  • California gains 3,700 jobs in December, pushing unemployment down to 5.2%

    California gains 3,700 jobs in December, pushing unemployment down to 5.2%

    California employers capped off a solid year of job growth in 2016 by adding a net 3,700 jobs during the month of December, the Employment Development Department reported Friday.  The unemployment rate was 5.2%, down from 5.3% in November. The national jobless rate was 5% in December.  “An unemployment...

  • American Apparel starts mass layoffs as company winds down operations

    American Apparel starts mass layoffs as company winds down operations

    American Apparel was once a fashion industry trailblazer with its colorful basics, provocative marketing and commitment to U.S. manufacturing. But after years of financial strife and corporate intrigue, the company began laying off 2,400 workers in Southern California on Monday — kicking off its...

  • California Inc.: A lucrative 'Joshua Tree' to grow in Pasadena

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week. On Friday, we learned that auto buying and online shopping rose in December. The spending...

  • Weinstein Co. serves up 'The Founder' amid smaller film slate and shift to TV

    In Weinstein Co.'s "The Founder," opening nationwide this week, McDonald's executive Ray Kroc (Michael Keaton) uses strong-arm tactics to wring gold from the golden arches, turning them into a ubiquitous symbol of American success. But in the process, he alienates associates and burns his share...

  • What to expect in the workplace in 2017

    Like so many things for the year ahead, changes probably are coming to the workplace. We asked several human resources experts and employment lawyers what they think we'll be talking about regarding compensation, benefits and how bosses manage their people. Some predictions: More companies will...

  • How the University of California exploited a visa loophole to move tech jobs to India

    How the University of California exploited a visa loophole to move tech jobs to India

    Using a visa loophole to fire well-paid U.S. information technology workers and replace them with low-paid immigrants from India is despicable enough when it’s done by profit-making companies such as Southern California Edison and Walt Disney Co. But the latest employer to try this stunt sets a...

  • Job growth slows in 2016, but wages are rising

    Job growth slows in 2016, but wages are rising

    The U.S. economy finished 2016 with a slowdown in job growth but a surge in wage gains, a mixed picture that has come to mark President Obama’s stewardship of the nation’s long but relatively weak recovery from the Great Recession.   Employers added 156,000 jobs in December — the 75th straight...

  • Stocks mostly slip as banks slump and retailers dive

    Stocks mostly slip as banks slump and retailers dive

    Stocks slipped Thursday as interest rates dropped and banks took sharp losses. Department stores tumbled as Macy's and Kohl's plunged following weak holiday-season reports that led the chains to cut their profit forecasts. After a solid but uninspiring report on private hiring in December, bond...

  • Private-sector job growth slows, jobless claims plunge in mixed labor market data

    Private-sector job growth slows, jobless claims plunge in mixed labor market data

    Private-sector employers unexpectedly slowed their hiring in December, but jobless claims fell to near a four-decade low as new data sent mixed signals about the labor market ahead of Friday’s jobs report. U.S. companies added 153,000 net new jobs last month, down significantly from 215,000 in...

  • Macy's to close stores and cut more than 10,000 jobs

    Macy's to close stores and cut more than 10,000 jobs

    After a disappointing holiday season, Macy’s said it is cutting more than 10,000 jobs and going ahead with plans to close 68 stores — including locations in San Diego and Santa Barbara. The department store chain reported Wednesday that same-store sales in November and December dropped 2.1% compared...

  • On Obamacare repeal, GOP ideology is colliding with reality

    On Obamacare repeal, GOP ideology is colliding with reality

    If there weren’t so much at stake, one would be amused at the spectacle of Republican politicians writhing as they try to make good on their ideological promise to “repeal and replace” Obamacare without ruining the lives of millions of their own constituents. In the few short weeks since the GOP...

  • SeaWorld eliminates hundreds of jobs

    SeaWorld eliminates hundreds of jobs

    SeaWorld Entertainment Inc. announced Tuesday that it is eliminating 320 jobs, part of an ongoing effort to sharply cut its costs. In Southern California, about 60 employees will be laid off, according to a notice filed Tuesday with the California Employment Development Department. The affected...

  • American Apparel warns 3,500 Southern California workers of possible layoffs

    American Apparel warns 3,500 Southern California workers of possible layoffs

    American Apparel has told nearly 3,500 employees in Southern California that they may lose their jobs in January depending on the outcome of a likely sale to Canadian clothing maker Gildan Activewear. The maker of colorful basics, which in November filed for bankruptcy for the second time, has...

  • Warehouses promised lots of jobs, but robots are invading the workforce

    Warehouses promised lots of jobs, but robots are invading the workforce

    When Skechers started building a colossal distribution center in Moreno Valley six years ago, backers promised a wave of new jobs. Instead, by the time the company moved operations to the Moreno Valley, the company had closed five facilities in Ontario that employed 1,200 people and cut its workforce...

  • Stocks little changed as investors seek safety

    Stocks little changed as investors seek safety

    Investors made a small move back to safer assets Friday afternoon after the government's November jobs report showed continued hiring but weak wage growth. Stock indexes finished little changed after real estate and household goods companies rose, but banks, which have soared since the presidential...

  • What November's solid jobs report means for interest rates and Donald Trump

    What November's solid jobs report means for interest rates and Donald Trump

    Solid job gains and a nine-year low unemployment rate in November put the Federal Reserve on track for an interest rate hike this month and indicate that President-elect Donald Trump will inherit a steadily growing labor market — although one that still needs some key improvements. The U.S. economy...

  • Transamerica to close L.A. and Folsom offices, cutting hundreds of jobs

    Transamerica to close L.A. and Folsom offices, cutting hundreds of jobs

    Financial services and insurance company Transamerica said Thursday that it will close its office in Los Angeles, cutting about 315 jobs. The Baltimore company will also close its office in Folsom, where 30 employees will be affected. Transamerica will no longer have operations in California, though...

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