Employers across the U.S. announced 62,075 job cuts in July, a 29% increase from June and a 140% surge over July 2024, ending the typical midsummer lull.
With America's workforce in a demographic crunch and historic changes in immigration policy under way, it is "quite possible that the next five years will see no growth in workers at all."
Juan Carlos, waiting outside Home Depot, carries a message on his T-shirt, 'We built this city,' representing hard-working individuals who constructed the urban landscape of New York.
"Artificial intelligence is going to replace literally half of all white-collar workers in the US," Farley said. That's why, he said, more people are looking to the skilled trades.
In the market for goods and services, consumers of all ages are more likely to support brands with purpose built on sustainability, fair prices, good business practices, and positive contributions to society. People are willing to pay more for these products and services, and their willingness to engage with these brands over others increases each year.
The holding companies for banks such as Bridgewater Bancshares and Heartland Bank and Trust Company mentioned deportations may affect their 'forward looking statements' but weren't clear on the outcomes.
Besides the obvious repercussions of Brexit, there have also been more specific repercussions in many different industries, including the tech industry.
