Challenger Gray and Christmas News

Pikesville High School senior Josh Borris is working this summer, but he won't be paid.

Bank of America Corporation : Layoffs in the financial services industry increased in May, says the Wall Street Journal .

Another report by outplacement firm Challenger, Gray and Christmas found employers cut 62,000 jobs this month - the most since last September.

Florida employers announced 1,428 job cuts in May, according to data from global outplacement firm Challenger, Gray & Christmas.

U.S. Market Stocks fell this morning after a series of disappointing economic data points muted U.S. growth hopes.

U.S. stocks were struggling for direction at the open Thursday after reports showed that companies created fewer jobs in May and that jobless claims rose unexpectedly.

The Labor Department's report Thursday on weekly unemployment claims showed first-time filings rose to 383,000 for the week ending Saturday.

Two key economic indicators released Thursday showed that the nation's declining unemployment in recent months might have stalled a bit.

The number of planned layoffs at U.S. firms rose to an eight-month high in May after computer maker Hewlett-Packard said it planned to cut about 8 percent of its workforce, a report on Thursday showed.

A recent decline in gas prices and improving job security could entice more Americans to take advantage of vacation days during the upcoming peak travel season, which begins with the Memorial Day holiday.A An increase in summer travel is likely to result in more job creation, according to one employment expert, who noted that the leisure and ... (more)

This year's college graduates might have an easier time entering the workforce than their recent predecessors, thanks to local companies' hiring plans and grads' in-demand skills.

President Obama can thank baby boomers at least in part for the drop in the U.S. unemployment rate with the first post-World War II generation hitting retirement age at a rate of 10,000 a day.

According to Challenger, Gray & Christmas Inc., which crunched the numbers, if Hewlett-Packard cut that many people , year-to-date tech layoffs would reach about 50,500. That's higher than the 37,038 jobs cut in the full year of 2011 and the 46,825 tech sector jobs cut in the full year of 2010.

AAA expects more than 700,000 Arizonans to travel more than 50 miles from home during Memorial Day weekend, a 1.6 percent increase from last year.

Pupils Rachel Yang, left, Michael Gore and Katie Fellows play with teacher Jeremy Loerch after classes at Billings Middle School in Seattle.

Gasoline prices in Massachusetts dropped 6 cents this week to an average of $3.65 per gallon, compared to last week, according to AAA Southern New England.

With most of the nation's colleges and universities quickly nearing the end of the spring semester, tens of thousands of students and new graduates across the country are preparing to embark on summer internships, which are increasingly vital to career development.

Internships take summer jobs and turn them up a notch. They can be a great place for college students to gain valuable experience in their chosen field.

Graduation ceremonies are increasingly turning into sendoffs for gainful employment rather than a sobering reminder of mounting student debt and job rejections for the newest members of the real world in the Washington area.

With most of the nation's colleges and universities quickly nearing the end of the spring semester, tens of thousands of students and new graduates across the country are preparing to embark on summer internships, which are increasingly vital to career development.