#labor-market
#labor-market

Bullish momentum in indexes amid signs of labour slowdown

U.S. indexes surged due to weak economic data, fueling expectations for a Federal Reserve rate cut. [ more ]

Fast Company

4 days ago

Unemployment claims are at their highest in 8 months, but the Fed has yet to cut interest rates

Labor market cooling with rising unemployment claims signaling economic slowdown. [ more ]

www.housingwire.com

1 week ago

U.S. hiring slowed in April, missing estimates - HousingWire

The U.S. economy added 175,000 jobs in April, below expectations and a decrease from March. [ more ]

www.nytimes.com

1 week ago

Job Openings and Hiring Are at a 3-Year Ebb

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

www.housingwire.com

3 weeks ago

Powell makes it clear: No rate cuts anytime soon

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

www.housingwire.com

The labor report gives the Fed a clear pathway to land the plane - HousingWire

Jobs report beat estimates but shows softening labor market, pleasing the Federal Reserve.

Wage growth cooling down, job openings quits rate below pre-COVID-19 levels bode well for soft landing, lower mortgage rates. [ more ]

morefederal-reserve

unemployment-rate

London Business News | Londonlovesbusiness.com

6 days ago

April 2024 US employment report: Cooling, but still tight

The April US employment report reflected a cooler labor market with sub-expectations in payrolls growth and slightly higher unemployment. [ more ]

www.independent.co.uk

3 weeks ago

UK news

Unemployment rate hits six-month high amid fears of a stalling economy

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

www.cbc.ca

Canada news

Canada's job numbers almost unchanged in March, while unemployment rose to 6.1% | CBC News

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 ]

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unemployment

www.dw.com

6 days ago

India: High youth unemployment poses massive challenge DW 05/07/2024

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

Fortune

DeepMind co-founder Mustafa Suleyman warns AI is a 'fundamentally labor replacing' tool

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 ]

www.nytimes.com

Brighter Economic Mood Isn't Translating Into Support for Biden

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 ]

Entrepreneur

Economist Explains What Companies Need to Watch For in 2024 | Entrepreneur

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 ]

moreeconomy

labor market

IMF

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

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 ]

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 ]

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 ]

WSJ

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

ChatGPT one year on: How has it affected the way we work? DW 11/30/2023

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 ]

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www.mercurynews.com

4 days ago

Education

Granderson: Here's one way to bring college costs back in line with reality

Children of first-generation college graduates facing changing education landscape. [ more ]

Entrepreneur

2 days ago

Remote teams

How Small Businesses Can Master a Complex Labor Market | Entrepreneur

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 ]

euronews

2 months ago

Remote teams

Remote work in 2024: Should you earn less for working from home?

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 ]

Axios

11 hours ago

How early retirement became realistic

Working longer is becoming more necessary due to demographic shifts, but Americans are increasingly retiring earlier due to various reasons. [ more ]

London Business News | Londonlovesbusiness.com

9 hours ago

Employers are expecting wages to increase by 4%

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

www.theguardian.com

1 week ago

Oil prices head for steepest weekly drop in three months; markets brace for US jobs report business live

FTSE 100 nearly hits all-time high, sparked by Glencore's potential approach for Anglo American. [ more ]

Axios

2 weeks ago

Federal regulators just passed two new worker-friendly rules

Regulations like noncompete bans are helping rebalance power towards workers in the U.S. [ more ]

London Business News | Londonlovesbusiness.com

2 weeks ago

Trade body launches 'Manifesto to beat the skills crisis'

APSCo launched a manifesto to strengthen the UK's economy by enhancing the labor market through regulatory reforms and skill development. [ more ]

WSJ

4 months ago

The Companies Cutting Jobs in 2024: Here's the List

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 ]

www.housingwire.com

2 weeks ago

Experts share insights about the Fed, data vibes' and housing trends

Americans are in a better position than during the financial crisis, Fed unlikely to reduce interest rates soon, focus should be on labor market indicators for potential rate cuts. [ more ]

London Business News | Londonlovesbusiness.com

3 weeks ago

Business intelligence

Vacancies may be down again, but the labour market is still tough

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

WIRED

No One Actually Knows How AI Will Affect Jobs

Generative AI tools may transform the labor market, with varying opinions on outcomes.

Companies are using generative AI to augment rather than replace workers. [ more ]

www.fastcompany.com

9 workplace trends for 2024 that will change our work lives

The labor market ended 2023 on a quiet note, with a slight decrease in open jobs and people quitting their jobs.

47% of respondents on LinkedIn are less optimistic about the labor market compared to a year ago. [ more ]

SiliconANGLE

Google CEO Sundar Pichai warns more job cuts will be necessary to achieve 'ambitious goals' this year - SiliconANGLE

Google is likely to make more layoffs in 2024 as it focuses investments on artificial intelligence.

Last year's job cuts had a positive impact on Google's parent company, Alphabet Inc., with shares rising 58% from the year prior. [ more ]

www.yankodesign.com

Humanoid robot can make you coffee and eventually more - Yanko Design

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 ]

www.fastcompany.com

4 months ago

The ultimate guide to what's in and what's out for workers in 2024

The labor market ended 2023 with a slight decrease in job openings and people quitting their jobs.

2023 was marked by clashes between CEOs and workers, with CEOs pushing for return to office and workers going on strike for better pay and conditions. [ more ]

Axios

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 ]

BKReader

NYC politics

DiNapoli: NYC Immigrant Workforce Below 2015 Peak

New York City's immigrant workforce decreased by 10,000 compared to 2015.

Foreign-born labor force in NYC declined 0.6% through 2023, still making up 44.3% of the total labor force, double the national share. [ more ]

www.nytimes.com

US politics

Bernie Sanders Proposes Reducing Americans' Workweek to 32 Hours

Americans working long hours for less pay despite advances in technology and productivity.

Senator Bernie Sanders proposing legislation to reduce the standard workweek from 40 hours to 32 without reducing pay. [ more ]

Axios

2 months ago

Women in technology

There are more women in the global workforce now than before COVID

The share of women in the workforce is exceeding pre-pandemic levels globally.

Tighter labor markets and flexible work options have contributed to the increase in women's workforce participation. [ more ]

Entrepreneur

Career

AI Is Changing How We Look at Jobs - Here's How to Prepare | Entrepreneur

By 2030, half of new car sales in the US will be electric, making millions of jobs redundant and creating the need for new roles.

Companies need to shift from focusing on rigid job descriptions to a skills-based approach for managing talent. [ more ]

www.mercurynews.com

4 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.

www.nytimes.com

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 ]

BBC News