Employers Slash Payrolls in January
Employers cut 17,000 jobs in January, the first reduction since August 2003, in yet another sign that the nation's economy is weakening. However, the nation's unemployment rate slipped to 4.9% from 5%. The jobless rate is calculated from a different statistical survey than the payroll figures. Job losses were felt among manufacturers, construction firms, government workers and a variety of professional and business services. Those cuts offset job gains in education, health care, retailing and elsewhere. Taken together, the figures suggested that employers have grown cautious as they try to cope with fallout from housing and credit problems and fears of a pending recession. In addition, average hourly earnings for employees rose to $17.75 in January, a 0.2% increase from the previous month, but less than what economists were expecting. Over the last 12 months wages grew 3.7%, although high energy and food prices have siphoned more dollars from people's paychecks.
Return to:
Factoring, Credit and
Economy News
|
 |
|
|
|
|
|
|
|
|
|
Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing company with unlimited payroll funding ,
whether you're a start up or a multi-million dollar
temp-staffing agency. Our
clients provide staffing for various industries including Professional, Office
Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared
to gain your share with a FactorLine facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor,
packaging company, or
any business that invoices to credit worthy customers, then a FactorLine from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding service, enabling you to increase your cash flow without the need
for bank loans. We are always adding new industries and will consider factoring
service providers in any industry.
|
|
|
|
