Fed Finds Comfort in Cooler Job Growth and Wage Increases
On Friday, Federal Reserve officials breathed a sigh of relief as April’s job data revealed a cooling in wage growth and hiring rates that hark back to pre-COVID-19 days.
Decline in Formal Education Requirements Reflects Changing Employer Attitudes
New research from Indeed reveals a significant shift in job postings, indicating a decline in the requirement for formal education qualifications.
Strong Job Growth and Wage Increases Continue in U.S. Economy Amidst Rising Interest Rates
In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.
UPS Plans to Cut 12,000 Jobs in Cost-Saving Effort Amid Revenue Decline
UPS is set to cut 12,000 jobs in a cost-saving move aimed at reducing expenses by $1 billion.
Amazon Initiates Job Cuts in Prime Video and MGM Studios Divisions
Amazon is undergoing layoffs in its Prime Video and MGM Studios divisions, with hundreds of employees affected.
GM Announces Layoffs at Michigan Plants Amid Restructuring and EV Transition
General Motors (GM) is laying off 1,314 workers at two Michigan plants, including one that produced the discontinued Chevy Bolt EV.
Cruise Sheds 900 Jobs and Refocuses Strategy Amid Challenges, While Waymo Expands
Cruise, the robotaxi company, has announced the layoff of 900 employees following the firing of nine executives amid the fallout from an October incident involving a pedestrian.
Hasbro Cuts 1,100 Jobs Amidst Sales Slump as Mattel Shines with Barbie
Hasbro, known for Monopoly and Play-Doh, is cutting 1,100 jobs, approximately 20% of its workforce, due to disappointing sales ahead of the holiday season.
Private Sector Job Growth Slows in November, Wages Stagnate
Private sector job creation in November continued to slow, with companies adding 103,000 workers, slightly below October's 106,000 and missing estimates.
US Job Openings Plummet to 8.7 Million in October, Stirring Concerns for Fed's Interest Rate Policy
In October, job openings in the United States decreased significantly to 8.7 million, marking the lowest level since March 2021, according to the Labor Department.
US Job Growth Slows in October as Auto Strikes Impact Manufacturing Payrolls
In October, U.S. job growth decelerated partly due to strikes by the United Auto Workers (UAW) against major Detroit car manufacturers, resulting in a drop in manufacturing payrolls.
Private Sector Job Growth slowed sharply in September, Marking the Slowest Pace Since 2021
In September, U.S. companies added only 89,000 jobs, well below the expected 153,000 and a significant drop from August's revised 180,000.
US Trucking Jobs Dip Below October 2022 Levels After Revisions and Declines
The US truck transportation jobs declined in both June and July, marking the first back-to-back monthly drops since the pandemic began.
Resilient U.S. Job Market Defies Recession Predictions Amid Cooling Conditions
The job market in the United States has shown signs of cooling over the summer, but it remains strong enough to dispel fears of a recession despite higher interest rates.
June Services Economy Shows Growth, Marking Sixth Consecutive Month of Expansion
The latest ISM Report on Business reveals that the services economy experienced growth in June, marking the sixth consecutive month of expansion.
US Employment Growth Slows in June, Nonfarm Payrolls Rise by 209,000
US employment growth slowed in June, with nonfarm payrolls increasing by 209,000, lower than the expected growth of 240,000.
Transition in the Job Market as the Great Resignation Subsides
The Great Resignation, a trend characterized by a surge in job resignations amid the pandemic, is coming to an end as the job market stabilizes.
Surprising Surge in US Job Growth as Economy Adds 339,000 New Positions in May
US job growth defied expectations in May, with employers adding 339,000 jobs, surpassing the forecasted 190,000 jobs.
American workforce grows with the addition of 236,000 jobs
Despite the nine interest rate hikes imposed by the Federal Reserve over the last year, American employers have added over 236,000 new jobs.
Number of Job Openings Drops Below 10 Million
For the first time in nearly two years, the number of available job positions fell by 632,000 compared to the previous month.