Jobs

Tech layoffs may not be a bad omen for the US economy at large

10’000 Hours | Digitalvision | GettyImages A recent wave of layoffs in the tech sector may lead American workers to wonder whether their next job is on the chopping block. So far, evidence is scant that the thousands of cuts at major technology firms — Meta, Amazon and Twitter, to name a few — are …

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Tech layoffs may not be a bad omen for the US economy at large

10’000 Hours | Digitalvision | GettyImages A recent wave of layoffs in the tech sector may lead American workers to wonder whether their next job is on the chopping block. So far, evidence is scant that the thousands of cuts at major technology firms — Meta, Amazon and Twitter, to name a few — are …

Tech layoffs may not be a bad omen for the US economy at large Read More »

The November jobs report is the most important data for inflation this year – and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal had expected an addition of 200,000 jobs. Wages jumped 0.6% in November, double the expected pace. Below are some initial reactions from economists and …

The November jobs report is the most important data for inflation this year – and not in a good way Read More »

November job growth slowed but will still show strength despite layoffs

Workers sort packages at a FedEx Express facility on Cyber ​​Monday in Garden City, New York, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | GettyImages Job growth in November was expected to have slowed while remaining strong, even in the face of layoffs and job freezes at major companies. The economy is expected …

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Employees to shift focus to ‘career cushioning’ as job cuts rise

Holger Scheibe | The Image Bank | GettyImages The rate of job cut announcements at US employers in November was more than five times greater than a year ago, according to a report by Challenger, Gray & Christmas. Overall, US-based firms announced 76,835 job cuts in November, led by the technology sector. So far this …

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After Great Resignation and quiet quitting, ‘loud layoffs’ are here

Shocking layoff news is overshadowing a bright job market. Within weeks, mass layoffs primarily in tech, including at Twitter, Meta, Amazon, Salesforce, HP, Lyft, Doordash and more, have flooded headlines. More than 50,000 tech workers lost their jobs in November, up from 12,600 in October, according to Layoffs.fyi. To be clear, overall layoffs remain historically …

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Job openings fall amid Fed efforts to cool labor market

Workers sort packages at a FedEx Express facility on Cyber ​​Monday in Garden City, New York, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | GettyImages Job openings dipped in October amid the Federal Reserve’s efforts to cool off a red-hot employment market, the Labor Department reported Wednesday. The Job Openings and Labor Turnover …

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Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports

Private hiring slowed sharply during November in a sign that the historically tight labor market could be losing some steam, according to a report Wednesday from payroll processing firm ADP. Companies added just 127,000 positions for the month, a steep reduction from the 239,000 the firm reported for October and well below the Dow Jones …

Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports Read More »