The Job market in the U.S. continues to be buoyant, despite rising prices and a sharp spike in borrowing costs weighing on the economy. Employers added 339 thousand jobs, but the unemployment rate rose to 3.7 percent, from April’s unusually low 3.4 percent. The increase in number exceeded expectations, thus showing a long run in hiring, notwithstanding the Fed’s attempt […]
International Business Machines Corp (IBM) plans to pause hiring, as roughly 7,800 jobs could be replaced by Artificial Intelligence in the coming years. The company’s CEO, Arvind Krishna, told Bloomberg News that hiring specifically in back-office functions such as human resources will be suspended or slowed. He added that AI and automation could replace 30 percent of non-customer-facing roles in […]
TEHRAN, IRAN — Four thousand Iranian petrochemical workers on strike over pay and conditions in an energy-producing region of the country’s south will be sacked and replaced, state media reported. The employees in Bushehr province have demanded salary increases and improved conditions for accommodation and transport, an official in charge of the Islamic Republic’s oil and gas sector in the region […]
Meta Platforms, Inc., doing business as Meta and formerly named Facebook, Inc., has announced that it will cut 10,000 jobs. The cuts come less than six months after the company disclosed 11,000 layoffs in November as CEO Mark Zuckerberg seeks to make the business more efficient. Meta’s chief executive officer, Mark Zuckerberg, said the cuts would be tough and were […]
Jobs growth showed no sign of a slowdown in the U.S. in January, defying fears that the economy is heading for a downturn. The Labor Department said employers added 517000 jobs. That was far more than expected, pushing the unemployment rate down to 3.4% — the lowest rate in 54 years. Support The Readers Bureau. Buy A T-Shirt Today (4 […]
The U.S. economy added 315,000 jobs in August, much more than economists anticipated, albeit way below July’s mega numbers, when employment surged by a revised 526,000 positions. The nation’s unemployment rate rose to 3.7 percent as more people entered the labor market looking for work, the Bureau of Labor Statistics reported. The labor force participation rate ticked up by 0.3 […]
According to the latest Job Openings and Labor Turnover Survey, U.S. job openings fell by the most in just over two years in June as demand for workers eased in the retail and wholesale trade industries. But overall, the labor market remains tight, allowing the Federal Reserve to continue raising interest rates. The total of employment vacancies fell to about […]
Employers added 372,000 jobs in June as the labor market shows off its strength in a slowing economy, where high inflation and rising interest rates continue to raise their ugly heads. The unemployment rate held at 3.6% for the fourth straight month, just above a 50-year low, the Labor Department said Friday. Economists surveyed by Bloomberg had estimated that about […]
The Ministry of Tourism is looking to tap into the local labor force to identify, recruit and deploy at least 10,000 of 90,000 workers required in the global cruise industry. Portfolio Minister, Hon. Edmund Bartlett, says the demand stems from a shortage of workers occasioned by the COVID-19 pandemic’s disruption of tourism activities worldwide, which resulted in a reduction in […]
U.S. stocks dip on the back of a stronger-than-expected jobs report. Investors are left in doubt about the fed’s monetary policy going forward. The Dow Jones Industrial Average fell about 330 points or 1%. The S&P 500 slipped 1.6%. The technology-heavy Nasdaq Composite fell 2.5%. Support The Readers Bureau Buy A T-Shirt Today (4 different colors)! click https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew Readers Bureau, […]
