Employment Costs Rise in 4th Quarter
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U.S. employment costs rose a  slightly less-than-expected 0.7 percent in the fourth quarter  of 2004, as salaries and wages grew at their slowest rate in  nearly six years, a government report showed on Friday.
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U.S. business productivity mounted at a much stronger-than-expected 3.0 percent annual pace in the fourth quarter, according to government data on Wednesday, while unit labor costs rose slightly less than predicted.
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The number of unemployed U.S.  workers claiming an initial week of jobless aid unexpectedly  rose last week by 7,000, taking a four-week average of claims  to the highest level since October, the government said on  Thursday.
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AT&T Corp., the No. 4 U.S. telephone company, said on Thursday its fourth-quarter earnings increased due to cost-cutting through job cuts and a tax benefit from the writedown of its assets.
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BellSouth Corp. BLS.N said on  Wednesday its new labor contract had triggered a $3.3 billion  increase in its estimates of future retiree medical costs,  reducing fourth-quarter earnings by 3 cents to 4 cents a share.
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The number of U.S. workers filing initial claims for jobless aid rose last week, suggesting some softening in the U.S. labor market, but a forward-looking economic gauge released on Thursday pointed to a pick-up in growth.
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The number of U.S. workers applying for jobless benefits rose a higher-than-expected 34,000 to a seasonally adjusted 357,000, according to a government report on Thursday.
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U.S. employment costs rose by  slightly less than expected in the third quarter this year, up  0.9 percent, as benefit costs posted their smallest rise since  early 2002, a government report showed on Friday.
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Health insurance premiums for workers are rising around three times faster than their wages, and health costs eat up a quarter of earnings
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Productivity in the fourth quarter rose at a stronger-than-expected pace as the biggest cutback in working hours in nearly five years helped restrain growth in labor costs, a U.S. Labor Department report showed on Wednesday.
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WASHINGTON - Initial unemployment claims rose last week for the first time in four weeks, boosted by more filings related to Hurricane Charley, a government report showed yesterday.
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Employers boosted payrolls by a respectable 132,000 in November, but the unemployment rate edged up to 4.5 percent as jobseekers streamed into the labor market by the thousands with the approaching holidays.
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The number of Americans filing for unemployment assistance rose by 16,000 last week, the government reported, coming in below economists&#39; estimates.
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Federated Investors Inc  said on Friday it recorded a charge in the fourth quarter due to the cost of employment contracts for three employees from the previously acquired Edgemont Asset Management Corp.
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Business productivity growth was  revised down sharply in the fourth quarter to an annualized 1.6  percent pace, government data on Tuesday showed, suggesting  inflation pressures as labor costs soared.
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U.S. jobless claims rose  unexpectedly last week in more worrying news for the labor  market, government data showed on Thursday, while other  indicators offered more positive signals for the economy.
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The U.S. economy grew at its fastest  rate in four years during the third quarter, the government  confirmed on Thursday, but a surge in new claims for jobless  benefits showed the labor market is softening.