#labor-market

#labor-market

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

Unemployment rate in Britain rose to 4.3% - highest in nearly a year. Average earnings growth remained at 6%. Challenges in labor supply persist due to pandemic impacts. [ more ]

British employers expect 4% wage rise, public sector median pay at 3%. [ more ]

Powell emphasizes the need for data-driven decisions on monetary policy based on labor market strength and inflation progress. [ more ]

Americans feel slightly better about the economy, but President Biden's approval rating has fallen.

Inflation remains a concern for many Americans despite signs of improvement in the labor market. [ more ]

U.S. job openings dropped in April, resulting in fewer available jobs per job-seeker, impacting labor market conditions and potentially aiding the Federal Reserve's inflation efforts. [ more ]

CPI inflation data missed estimates, leading to a decrease in bond yields. [ more ]

Fed Chairman Powell hinted at softened labor market, leading to volatile bond yields post CPI report and Fed meeting. [ more ]

Small businesses face challenges in navigating the current labor market due to a shortage of workers and the need to attract and retain top talent. [ more ]

Working from home is becoming a permanent practice for many employees post-pandemic. [ more ]

Revealing suppressed data about high unemployment levels reflects governmental reluctance to acknowledge economic challenges. [ more ]

The red-hot labor market showed signs of cooling in March, with the fewest job openings and hires in over a year. [ more ]

Mustafa Suleyman, co-founder of DeepMind, is working on a new company called Inflection AI that offers personalized AI assistants

Suleyman expressed concerns about the negative effects of AI on workers, stating that AI tools can both replace existing jobs and create new ones [ more ]

Unemployment in the UK is rising rapidly, outpacing other wealthy countries. [ more ]

Unemployment has risen to 4.4% with concerns of a cooling labor market while wage growth remains strong at 5.9%. [ more ]

UK unemployment rate rises to 4.2%, showing a cooling job market with potential interest rate cuts on the horizon. [ more ]

Canadian economy lost 2,200 jobs in March, unemployment rate rose to 6.1%.

Job losses concentrated in accommodation, food services, wholesale, retail trade, professional, scientific, technical services. [ more ]

Employers added 272,000 jobs in May, wages rose 4.1% from the previous year, but unemployment ticked up to 4% for the first time since January 2022. [ more ]

The labor market is tight with skills shortages, especially in STEM fields, and employers need to prepare for a potential hiring bounce back. [ more ]

Pay attention to hires and quits data to gauge the labor market and retention rates.

Track input costs through the Producer Price Index and energy prices to predict cost increases. [ more ]

Companies are cutting staff as the labor market shows signs of cooling off.

Hiring has slowed and open positions have dropped compared to the beginning of the year. [ more ]

European companies are considering cutting salaries for remote workers as a cost-saving measure.

Some companies suggest that remote working can reduce office costs, but others are considering reducing remote worker salaries. [ more ]

Employers are decreasing remote job postings while emphasizing returning to the office, potentially affecting recruitment and competitive positioning in the labor market. [ more ]

The Figure-01 Humanoid Robot is designed to help with daily chores and is powered by artificial intelligence.

The robot can learn, think, and interact within human environments, improving its capabilities over time. [ more ]

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 ]

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 ]

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 ]

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 ]

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 ]

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 ]

ChatGPT has revolutionized tasks such as article crafting and creating construction plans in a matter of minutes.

Millions of people have used ChatGPT since its launch, with a significant increase in usage via other apps.

AI systems like ChatGPT could automate up to 300 million jobs worldwide, but many jobs are more likely to be complemented rather than substituted by AI. [ more ]

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 ]