Employment

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Men employed in the oil industry wait in line for food at a service station in Odessa, Texas, Feb. 4, 2015.

The fall to six-year lows in oil prices has been swift and unexpected. The pace of energy sector layoffs in recent weeks has been similarly quick, if not so surprising. Job cuts are inevitable as oil and gas companies watch commodity prices tumble, but layoffs today could have significant ramifications for the sector tomorrow. For …

Photo: Brad Houston
Student in a UAV lab at Embry-Riddle Aeronautical University

In a field a few miles from Florida’s Daytona Beach, some college students are flying drones. The scene is nothing out of the ordinary except these students are not doing it because it’s their hobby, but because it’s part of a course of study that will eventually earn them a bachelor’s degree in, well, drones. …

Randall Hill | Reuters
A worker installs brake cables at the Bicycle Corporation of America plant in Manning, South Carolina.

The unemployment rate edged higher but the U.S. economy added a better-than-expected 257,000 jobs in January, according to the latest data from the Bureau of Labor Statistics. The number of new jobs created in January was expected to total 234,000, while the unemployment rate was seen coming in at 5.6 percent. Full-time workers surged, gaining …

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Traders work on the floor of the New York Stock Exchange, Dec. 24, 2014.

Let’s run through the jobs report: 257,000 jobs created in January, above expectations of 237,000; upward revisions in November (423,000!) and December; wage growth up 0.5 percent; year-over-year growth of 2.2 percent. Job growth and wage growth? We haven’t seen this in a long time. The S&P 500 and bond yields are up, while gold …

Source: Whole Foods

“I’ll eat anything … except parsley.”—Elly Truesdell, center, Whole Foods forager Discover foods from family-run dairy farms, local bakeries and small-batch chocolatiers. Ride on an oyster boat, eat, feed a cow, eat, shop, eat, drink, eat. Sound like a brochure for a foodie vacation? Well, it’s actually part of the job description for a regional …

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Getting more cash out of your employer this year doesn’t necessarily require asking for a raise. Workers are potentially leaving thousands of dollars on the table in work perks, from discounts on cellphone service to cheap amusement park tickets and free cash for getting fit. “Most people aren’t up on those things,” said Bob Nelson, …

Layoffs hit the oil patch

The steady decline in oil prices is now prompting some energy companies to scale back, not only on production, but also on their workforce.

Mario Anzuoni | Reuters
Vivint Solar technicians install solar panels on the roof of a house in Mission Viejo, Calif.

The U.S. solar industry employs nearly 174,000 Americans, up nearly 22 percent in a year. “Solar employment grew nearly 20 times faster than the national average employment growth rate,” said The Solar Foundation, which released the numbers Thursday in its annual census on solar jobs. While 174,000 jobs is little more than one-tenth of 1 …

Mediaphotos | Getty Images

Dentists have the best job in the U.S., according to U.S. News and World Report’s rankings, which were released on Tuesday. The jobs selected are based on the U.S. Bureau of Labor Statistics’ predictions on which 100 jobs will grow the most between 2012 and 2022, the report said. “Those top 100 jobs, from the …

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A transmission for a Chrysler Ram 1500 truck goes through the assembly line at the Warren Truck Assembly Plant in Warren, Michigan.

Job creation kept the pace in December, with the U.S. economy creating 252,000 jobs to close out the year, while the unemployment rate dropped to 5.6 percent. The U.S. was expected to create 240,000 jobs in December, after adding an unexpectedly strong 353,000 jobs the prior month. The unemployment rate was seen falling to 5.7 percent …

Manan Vatsyayana | AFP | Getty Images
An attendant checks bottles on a production line at the Coca-Cola bottling plant in Nilai on the outskirts of Kuala Lumpur on November 3, 2014.

In the next few months, Coca-Cola plans to layoff about 1,600 to 1,800 employees globally, according to Dow Jones. The move is a part of the beverage giant’s effort to cut $3 billion in costs, which was announced in October. Shares for Coca-Cola rose nearly 1 percent in morning trading after the report. The world’ …

Daniel Acker | Bloomberg | Getty Images
A man walks past a sign at the entrance to a Princeton Area Chamber of Commerce job fair in Princeton, Illinois.

Private-sector job creation popped in December, with companies adding a better-than-expected 241,000 workers, according to payroll processor ADP. The count topped economist estimates, according to Reuters, of 226,000 and helped continue a trend of solid aggregate job numbers. Services led the way, adding 194,000, while goods-producing industries contributed the remaining 46,000, according to the report …

Minimum wage hikes

Millions of workers will ring in 2015 with a little bit more money in their pockets because of new minimum wage increases.

Brittany Sowacke | Bloomberg | Getty Images
Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.

Although plummeting oil prices are considered an overall benefit to the U.S. economy, not everyone in the country will enjoy benefits. Oil and gas jobs are at stake, reports the Wall Street Journal—an unanticipated downturn after the industry became a leading beacon of job growth during the Great Recession. If oil remains around $56 a …

Ben Stansall | AFP | Getty Images

A bitter war of words has erupted between a workers’ union and the owners of a U.K. delivery company that notified its workers of impending redundancies in an email on Christmas Day. More than 2,000 staff at City Link will be let go on New Year’s Eve, as the company goes into administration due to …