#labor market
#labor market

Artificial intelligence

You don't have to be a programmer to cash in on artificial intelligence. AI skills in these non-tech professions come with massive wage increases

U.S. workers with AI skills have up to a 25% wage premium, sometimes doubling, varying by profession and country. [ more ]

Harvard Business Review

Artificial intelligence

AI Is Making Economists Rethink the Story of Automation

Economists historically believe technology creates new jobs and raises productivity, leading to a more positive impact on the labor market. [ more ]

Axios

Business

Exclusive: San Francisco Fed's Daly says no "urgency" to adjust interest rates

Inflation's receding not definitive, no need for rate adjustments yet. [ more ]

ReadWrite

Artificial intelligence

IMF chief warns of AI "tsunami" facing six in 10 jobs

AI impact on labor market highlighted by IMF chief Georgieva, requiring swift preparation and adaptation. [ more ]

Fast Company

Business

The luckiest generation? Why Gen Z is entering the workforce at the perfect time

Gen Z is experiencing a faster bounce-back in the labor market compared to previous generations, with stronger wage growth. [ more ]

London Business News | Londonlovesbusiness.com

3 weeks ago

Business

The Italian labour market and bonds support the Euro - London Business News | Londonlovesbusiness.com

The euro strengthened against the US dollar due to positive Italian labor market data and successful Eurozone bond auctions, indicating potential economic recovery. [ more ]

Fortune

Artificial intelligence

You don't have to be a programmer to cash in on artificial intelligence. AI skills in these non-tech professions come with massive wage increases

U.S. workers with AI skills have up to a 25% wage premium, sometimes doubling, varying by profession and country. [ more ]

Harvard Business Review

Artificial intelligence

AI Is Making Economists Rethink the Story of Automation

Economists historically believe technology creates new jobs and raises productivity, leading to a more positive impact on the labor market. [ more ]

Axios

Business

Exclusive: San Francisco Fed's Daly says no "urgency" to adjust interest rates

Inflation's receding not definitive, no need for rate adjustments yet. [ more ]

ReadWrite

Artificial intelligence

IMF chief warns of AI "tsunami" facing six in 10 jobs

AI impact on labor market highlighted by IMF chief Georgieva, requiring swift preparation and adaptation. [ more ]

Fast Company

Business

The luckiest generation? Why Gen Z is entering the workforce at the perfect time

Gen Z is experiencing a faster bounce-back in the labor market compared to previous generations, with stronger wage growth. [ more ]

morelabor-market

www.mercurynews.com

5 months ago

Parenting

US child care costs at $40,000 force parents to get second jobs

By Kelsey Butler, Bloomberg News A dramatic increase in child care costs since the pandemic is forcing parents to find new ways of making ends meet, from working part time at a daycare for a discount to driving for a ride-share service on weekends.

#Federal Reserve

www.nytimes.com

Business

U.S. Job Growth Holds Up as Economy Gradually Cools

The U.S. economy added 199,000 jobs in November, indicating there is still strength in the labor market despite a slight slowdown

Wages increased by 0.4% over the month and the unemployment rate dropped to 3.7% [ more ]

Axios

Business

U.S. unemployment rate falls to 3.7% in November

The U.S. labor market added more jobs than expected in November, easing concerns about a slowdown in the economy.

Average hourly earnings rose by 0.4% last month, indicating strong wage growth. [ more ]

www.nytimes.com

Business

U.S. Job Growth Holds Up as Economy Gradually Cools

The U.S. economy added 199,000 jobs in November, indicating there is still strength in the labor market despite a slight slowdown

Wages increased by 0.4% over the month and the unemployment rate dropped to 3.7% [ more ]

Axios

Business

U.S. unemployment rate falls to 3.7% in November

The U.S. labor market added more jobs than expected in November, easing concerns about a slowdown in the economy.

Average hourly earnings rose by 0.4% last month, indicating strong wage growth. [ more ]

moreFederal Reserve

WSJ

World news

How China Made a Youth Unemployment Crisis Disappear

China's youth unemployment rate hit a record 21.3% in June.

China's ministry of statistics stopped publishing the statistic, leading to a lack of data on the state of China's youth labor market. [ more ]

#AI

IMF

Artificial intelligence

The Macroeconomics of Artificial Intelligence

Our decisions today will determine how AI affects productivity growth, income inequality, and industrial concentration

AI has the potential to transform the economy, but its future is uncertain and depends on policy decisions [ more ]

Axios

7 months ago

Artificial intelligence

A taste of AI labor battles to come

AI provisions in Hollywood actors' union contract indicate the larger impact of AI on various industries and jobs.

Nonunionized workers, particularly white-collar workers, will also face significant changes due to AI.

Policymakers and employers need to be prepared for how AI will impact labor in the future. [ more ]

IMF

Artificial intelligence

The Macroeconomics of Artificial Intelligence

Our decisions today will determine how AI affects productivity growth, income inequality, and industrial concentration

AI has the potential to transform the economy, but its future is uncertain and depends on policy decisions [ more ]

Axios

7 months ago

Artificial intelligence

A taste of AI labor battles to come

AI provisions in Hollywood actors' union contract indicate the larger impact of AI on various industries and jobs.

Nonunionized workers, particularly white-collar workers, will also face significant changes due to AI.

Policymakers and employers need to be prepared for how AI will impact labor in the future. [ more ]

moreAI

WSJ

Business intelligence

Signs of a Weakening Job Market, in Five Charts

The hot labor market in the US is showing signs of cooling, which could indicate a slowdown in economic growth.

Data on job openings and the November jobs report will provide more insight into the state of the labor market. [ more ]

BBC News

UK news

Robert Jenrick insists UK workers will fill labour gaps after migration crackdown

New immigration plans in the UK aim to cut net migration by at least 300,000, with the aim of filling labor market gaps with British workers.

Businesses are no longer able to rely on foreign labor to fill these gaps, according to the immigration minister. [ more ]

WSJ

Business

Need a Job? America's Smallest Employers Have a Record Share of Openings

Small businesses have a high share of job openings, indicating a potential shift in the labor market.

Smaller businesses may have an advantage in hiring due to less competition from larger companies. [ more ]

www.dw.com