US employment growth slowed in June, with nonfarm payrolls increasing by 209,000, lower than the expected growth of 240,000. While the job market remains strong, the figure marked a considerable drop from May's revised total and was the slowest month for job creation since December 2020, with the unemployment rate declining slightly to 3.6%.
New research from Indeed reveals a significant shift in job postings, indicating a decline in the requirement for formal education qualifications.
In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.
UPS is set to cut 12,000 jobs in a cost-saving move aimed at reducing expenses by $1 billion.
Amazon is undergoing layoffs in its Prime Video and MGM Studios divisions, with hundreds of employees affected.
General Motors (GM) is laying off 1,314 workers at two Michigan plants, including one that produced the discontinued Chevy Bolt EV.
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, 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 creation in November continued to slow, with companies adding 103,000 workers, slightly below October's 106,000 and missing estimates.
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.
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.
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.
The US truck transportation jobs declined in both June and July, marking the first back-to-back monthly drops since the pandemic began.
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.
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 slowed in June, with nonfarm payrolls increasing by 209,000, lower than the expected growth of 240,000.
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.
US job growth defied expectations in May, with employers adding 339,000 jobs, surpassing the forecasted 190,000 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.
For the first time in nearly two years, the number of available job positions fell by 632,000 compared to the previous month.
The GOP is pushing back, stating that rampant inflation and prices of household staples like gasoline and groceries are crippling the country.
A trucker's job satisfaction matters because it can have a significant impact on their overall well-being and quality of life.
Supply chain workers are tired of jobs: they want careers, instead.
After 150,000 workers were hired over the 2021 holiday season, Walmart is scaling back a bit as they plan to take on 40,000 new hires for the 2022 holiday season.
Signs of a weakening economy and still-growing inflation are worrying Federal Reserve officials, especially after July reports show growing job vacancies.
The term “quiet quitting” is making the rounds on the popular social media app, TikTok - but some are unsure of what it exactly means.
Kiss your job, goodbye… If you’re working at Ford Motor.
The American job market continues to perplex experts.
Driver feedback is one of the most valuable assets a company can have, encouraging loyalty and an open chain of communication.
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.