Alberta jobs show steady employment despite slower growth
May 2001 unemployment in Lethbridge Medicine Hat at 4.8 percent contrasts with 7 percent nationally. Full-time work dropped 41,000 from April while 51,000 part-time positions rose. Analysts warn lower quality of new jobs may signal weaker future growth. Alberta has the lowest rate at 4.5 percent. Newfoundland highest at 15.6 percent. GDP growth for five months sits around 0.3 percent. Hours worked fell to 33.9 in May from 34.5 in January.
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Lethbridge Medicine Hat
Statistics Canada
Jeff Cheah
Standard and Poor
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Alberta
Newfoundland
Teleglobe buys fibre capacity from U S rivals
Teleglobe Inc. agrees to purchase up to 350 million US dollars of network capacity from Williams Communications and Broadwing in a move to extend its U S reach to 63 of the top 100 markets. Analysts note short term benefit but question long term rationale.
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NYSE Halts Trading For Hour Amid Software Glitch
The New York Stock Exchange suspended trading for about 90 minutes Friday due to computer problems affecting roughly half of its 3,500 stocks. Full market activity resumed by 2:26 p.m. with delays noted for IBM Corp and Anheuser-Busch Cos. until early afternoon.
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New York Stock Exchange
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Richard Grasso
Ex-employees sue Wal-Mart over unpaid overtime in Iowa
A class-action suit filed in Clinton County District Court accuses Wal-Mart of brainwashing employees to work overtime without pay. Plaintiffs Taylor Vogue and Sally Mussmann say the company pressures workers to forfeit earned wages and act as “team players” while tasks exceed scheduled hours. The suit seeks unpaid wages and damages for all Iowa Wal-Mart employees.
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Iowa
Wal- Mart
Clinton County
Wal-Mart
Clinton
Taylor Vogue
Camanche
Vogue
Sally Mussmann
Mother Wal-Mart
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