Employees

U.S. Unemployment Claims Fall to 12-week Low

The number of Americans seeking unemployment benefits dipped to a 12-week low at the start of February, a sign of a stable job market for U.S. workers. The Labor Department says claims for jobless aid fell 12,000 last week to a seasonally adjusted 234,000, the best reading since this past November. The less-volatile four-week average decline 3,750 to 244,250, which…

Overtime Pay to Become Reality For More US Workers

More than 4 million U.S. workers will become newly eligible for overtime pay under rules issued Wednesday by the Obama administration. The policy changes are intended to counter an erosion in overtime protections, which date from the 1930s and require employers to pay 1 ½ times a worker’s regular salary for any work past 40 hours a week. Vice President…

Nordstrom to Cut From 350 to 400 Jobs

Nordstrom Inc. says it will be cutting about 350 to 400 jobs as it looks to be more nimble at a time where shoppers are shifting their spending more online. The upscale department store, based in Seattle, says the cuts will be primarily in its corporate center and regional support teams. The process should be completed by the end of…