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U.S. job growth surged in January and wages increased further, recording their largest annual gain in more than 8-1/2 years, bolstering expectations that inflation will push higher this year as the labor market hits full employment. The unemployment rate was unchanged at a 17-year low of 4.1 percent. The robust employment report underscored the strong…

Mich. unemployment rates drops to lowest level since 2001 LANSING, Mich. (NEWSCHANNEL 3) – Michigan’s unemployment rate has dropped to its lowest level since February 2001. The state’s seasonally adjusted unemployment rate for June fell to 4.6 percent. Michigan’s unemployment rate has now fallen more than 10 … Read more on WWMT LETTER: Mitchell needs…

Canada Unemployment Hits Lowest Since July on Full-Time Jobs (2) (Bloomberg) — Canada’s jobless rate unexpectedly fell in June to the lowest in a year as full-time work increased and people left the workforce. The unemployment rate fell to 6.9 percent in May from 7.1 percent in April, Statistics Canada said Friday … Read more…

Pimco Cuts Jobs After Decline in Assets Since Gross’s Exit Pacific Investment Management Co. cut its workforce by 68 people, or about 3 percent, and is offering buyouts as assets under management have fallen in recent years, according to a memo obtained by Bloomberg. “Like any responsible business, Pimco … Read more on Bloomberg