#million-jobs

#million-jobs

Google CEO Sundar Pichai, who's currently hard at work automating human labor at an incredible scale, is very confused as to why anyone might suggest that AI might replace human workers.Fresh on the heels of Google's Wall Street-winning and heavily AI-focused I/O conference, Pichai made an appearance on The Verge's Decoder podcast.

The economy wasn't supposed to add half a million jobs in January.In fact, a consensus poll of 81 economists expected job gains to land at around 185,000, according to Refinitiv.After 11 months of aggressive rate hikes from the Federal Reserve, the experts were naturally expecting the economy's job gains to slow as higher borrowing costs percolated through the economy, slowing investment and growth and pushing companies to pull back on spending and hiring.

The fact that the number of union members grew points to the growing strength of the labor movement.Members of the Amazon Labor Union and others protest outside of the New York Times DealBook Summit on November 30, 2022, in New York City.Spencer Platt / Getty Images Despite the remarkable successes of the resurging labor movement in recent years, newly released data shows that union membership hit an all-time low in 2022 - demonstrating the dire need for pro-worker reforms in labor laws, advocates say.

President Joe Biden will take his case for raising the debt ceiling without conditions on the road to Valhalla, New York, Wednesday as he seeks to ramp up the public pressure campaign on lawmakers with the threat of default and potential economic catastrophe just over three weeks away.The trip comes as the president is set to reconvene with House Speaker Kevin McCarthy and congressional leaders on Friday after a one-hour meeting in the Oval Office on Tuesday reinforced the monthslong standoff over the debt ceiling with each side dug in on their positions.

Two new analyses are backing Treasury Secretary Janet Yellen's forecast that the nation could default on its debt and unleash economic chaos as soon as early June if Congress doesn't act.The projections, which are roughly in line with those issued last week by Yellen and the Congressional Budget Office, add to the pressure on House Republicans and President Joe Biden, who may have only a few weeks to hammer out their vast differences over addressing the debt ceiling.

Nobel-prize-winning economist, Sir Christopher Pissarides is arguing that ChatGPT will have a long-term positive impact on the workplace.Likely, it could trigger the four-day workweek.With all the news of ChatGPT replacing workers, with Goldman Sachs reporting up to 300 million jobs could be impacted, many worry AI could reduce the need for labor.

Since generative AI burst into the public consciousness last year, people have been worried about how fast the technology would impact the workforce.Increasingly, the answer seems to be: A lot faster than anyone imagined.IBM is the latest to lean into AI at the expense of human workers, with CEO Arvind Krishna telling Bloomberg this week the company plans to pause hiring for roles it believes could be done by artificial intelligence.

IBM Chief Executive Officer Arvind Krishna has revealed plans to halt hiring for about 7,800 positions that could be replaced by artificial intelligence systems in the near future, according to a Bloomberg news report published Monday.Krishna said that hiring in back-office functions like human resources will be suspended or slowed, affecting roughly 26,000 non-customer-facing roles.

Research from global investment bank Goldman Sachs claims that as many as 300 million jobs could be at risk from automation powered by generative AI.The tech industry has seen burgeoning releases based on large language models, from the likes of Google and OpenAI, in partnership with Microsoft.Impressively aping human language and even producing working computer code, LLMs are at the centre of a media frenzy right now.

The temporary labor market has for decades been a reliable barometer of recession risk, and it's once again flashing warning signals that a downturn lies ahead.But it's probably still a bit early to make too much of the leading indicator.Clearly, the emphasis on temp jobs is well-founded in historical data and logic.

Employers want workers in the office.But job candidates prefer remote or hybrid work.Recruiters say it's hard to find people for full-time in-office roles amid a tight labor market.But workers might see their position weaken as the economy softens and recession fears loom.Keith Wolf, a recruiter in Houston, tries to be diplomatic with clients, but lately, he's been having a lot of what he calls "tough conversations."

A typical morning at the Schnitzler household starts with David and Allison feeding their 17-month-old Winston.Allison, 33, and David, 32, play with Winston as they both get ready to go to work.Allison heads out the door  to her family medical practice  and David, an insurance underwriter, starts his day as an at-home dad.

Even after adjusting for whopping restaurant price increases, consumer spending on what government statisticians call food services and drinking places is up more than 7% from what it was before the pandemic.Meanwhile, employment at food services and drinking places is down more than 4%.That can be irritating for diners.

Minister of Immigration, Refugees and Citizenship Sean Fraser makes an announcement in Ottawa on Friday, October 7, 2022.The federal government is planning a massive increase in the number of immigrants entering Canada every year.(Patrick Doyle/The Canadian Press) The federal government is planning a massive increase in the number of immigrants entering Canada, with a goal of seeing 500,000 people arrive each year by 2025.

With ZipRecruiter's AI personal recruiter Phil, you find out which open positions from about nine million jobs are best suited to your skills.New technology can improve the job search and hiring processes, but sometimes it makes it more challenging.For instance, the FBI alerted the public not long ago that deepfakes were being used in some video interviews.