Showing posts tagged economy

1.7 million people apply for 1,500 bank jobs

AFP India’s largest state-run bank has received 1.7 million applications for just 1,500 entry-level clerk jobs — and has promised to examine all of them, a report said on Tuesday.

State Bank of India chairman Pratip Chaudhuri said all 1.7 million applicants — more than 1,100 per position available — would be assessed.

US Postal Service to cut Saturday mail delivery
JUST IN: The U.S. Postal Service is expected to announce later today that it will stop delivering mail on Saturdays but continue to deliver packages six days a week, The Associated Press reports.The plan is aimed at saving about $2 billion. Photo: U.S. Postal Service letter carrier Anthony Ow places letters in a mailbox as he walks his delivery route on July 30, 2009, in San Francisco, California. (Getty Images North America)

US Postal Service to cut Saturday mail delivery

JUST IN: The U.S. Postal Service is expected to announce later today that it will stop delivering mail on Saturdays but continue to deliver packages six days a week, The Associated Press reports.

The plan is aimed at saving about $2 billion.

Photo: U.S. Postal Service letter carrier Anthony Ow places letters in a mailbox as he walks his delivery route on July 30, 2009, in San Francisco, California. (Getty Images North America)

Exxon once again ‘world’s most valuable company’ as Apple stock sinks

Mashable reports: Apple’s market cap plummeted below $420 billion on Friday after a disappointing earnings report earlier in the week, allowing Exxon Mobil to regain its title as the most valuable company by market cap.

Apple first overtook Exxon in August 2011. At its peak in September 2012, Apple’s market cap was $656 billion, about $240 billion more than Exxon at that time.

Read more updates on Apple’s earnings report on BreakingNews.com.

Photo: Image from Andrew* on Flickr, via Mashable

BREAKING: US economy adds 146,000 jobs in November

The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.

AP reports:

Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than initially estimated. And the unemployment rate fell from 7.9 percent in October mostly because more people stopped looking for work and weren’t counted as unemployed.

Photo: A man walks past destroyed homes on the Rockaway Peninsula in the Queens borough of New York on Nov. 27, 2012. (Seth Wenig/AP Photo)

US unemployment rate falls to 8.1% in August
U.S. employers added 96,000 jobs in August. The unemployment rate fell to 8.1%, from 8.3%, but only because more people gave up looking for work, The Associated Press reports.Photo: Job seekers fill out applications during the 11th annual Skid Row Career Fair in Los Angeles, California, on May 31, 2012. (David Mcnew / Reuters)

US unemployment rate falls to 8.1% in August

U.S. employers added 96,000 jobs in August. The unemployment rate fell to 8.1%, from 8.3%, but only because more people gave up looking for work, The Associated Press reports.

Photo: Job seekers fill out applications during the 11th annual Skid Row Career Fair in Los Angeles, California, on May 31, 2012. (David Mcnew / Reuters)