Job Market Monitor
JPMorgan Chase
JPMorgan Chase – 3,000 mortgage jobs cut in Q1 2014
US-based global bank JPMorgan Chase has eliminated approximately 3,000 mortgage jobs during the first quarter of 2014, as part of its strategy to streamline the mortgage business amid sluggish demand for home financing in the country. The latest cuts are in addition to the 13,000 to 15,000 positions, which primarily were supposed to be implemented … Continue reading
JPMorgan Chase / To cut 5,000 jobs
US banking giant JPMorgan Chase Tuesday said it would eliminate 5,000 jobs from its global workforce this year. JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 in 2013 and 280,000 in 2011, according to a presentation posted to the JPMorgan website ahead of an investor day. A major unit … Continue reading
JPMorgan Chase / To Lay Off 730 In San Diego and 475 In North Texas
JPMorgan Chase said Thursday it plans to lay off 730 San Diego workers from its loan-servicing business and 475 mortgage-related employees in North Texas Continue reading
Banks aren’t the big jobs machines they used to be
One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley revealed that they have slashed more than 31,000 jobs, or 3.5 percent of their combined workforce, in the past year. For three of those banks, it was the … Continue reading
JPMorgan / 4,000 jobs to be cut
JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff. The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank … Continue reading
UPDATE – Wall Street cuts jobs | 459,400 jobs in four years
U.S. financial sector loses 459,400 jobs in four years – The Business Journals The recession may officially be over, but its effects are lingering in the financial sector. The nation’s 100 biggest metropolitan areas lost a collective total of 459,400 financial-activities jobs during the past four years, according to an On Numbers analysis. The U.S. … Continue reading
Wall Street preparing to cut jobs
Having already slashed bonuses, banks including Citigroup Inc.,Goldman Sachs Group Inc., J.P. Morgan Chase and Morgan Stanley are preparing to cut dozens of jobs, including some held by senior bankers, according to people familiar with the matter. As they pursue this targeted round of trims as soon as next month, they and rivals are also … Continue reading
Middle class is getting left behind U.S. jobs recovery
Americans at the top and bottom of the income scale are benefiting most from the jobs recovery while those in the middle are getting left behind. Employees making above-average wages, like doctors and energy-industry workers, and those at the other extreme, including home-health aides and restaurant staff, have seen outsized gains in hiring since the … Continue reading
Jobless disability claims soar to record $200B as of January, research from JPMorgan Chase shows – NYPOST.com
Standing too many months on the unemployment line is driving Americans crazy — literally — and it’s costing taxpayers hundreds of billions of dollars. With their unemployment-insurance checks running out, some of the country’s long-term jobless are scrambling to fill the gap by filing claims for mental illness and other disabilities with Social Security — … Continue reading
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