[ad_1] CBS News business analyst Jill Schlesinger on “killer” January jobs report CBS News business analyst Jill Schlesinger on “killer” January jobs report 02:41 The first jobs report of the year emphatically underlined the surprising strength of the U.S. labor market, with robust hiring despite the highest interest rates in two decades. The U.S. economy … Read more
[ad_1] The job market remains one of the U.S. economy’s main engines, with the nation’s unemployment rate near a 50-year low and wages finally pulling ahead of inflation. At the same time, major companies in technology, finance, media and other key sectors have all recently announced sizable job cuts, with layoffs nationwide more than doubling in … Read more
[ad_1] Poll shows people pessimistic about economy despite positive indicators – CBS News Watch CBS News Inflation has cooled in recent months and the unemployment rate remains low. Still, a CBS News poll has found that most Americans are pessimistic about the economy. Mark Strassmann takes a look. Read more here. Be the first to … Read more
[ad_1] For those wondering when AI will start replacing human jobs, the answer is it already has. Artificial intelligence contributed to nearly 4,000 job losses last month, according to data from Challenger, Gray & Christmas, as interest in the rapidly evolving technology’s ability to perform advanced organizational tasks and lighten workloads has intensified. The report released … Read more
[ad_1] Changing jobs has long been the surest way to get a raise, a phenomenon that gained momentum early in the pandemic when the “Great Resignation” saw millions of workers quit their jobs and decamp to better-paying employers. But those days may be over. Job-hoppers’ pay gains are fading, according to a new analysis from Bank … Read more
[ad_1] Two months ago, Republican Rep. George Santos of New York co-sponsored a bill that seeks to clamp down on a pandemic swindle: People falsely claiming generous unemployment aid enacted to help struggling workers in the pandemic. Now, he’s been accused of the same type of fraud. The Protecting Taxpayers and Victims of Unemployment Fraud Act would … Read more
[ad_1] Latest jobs report shows strong economic growth – CBS News Watch CBS News The U.S. added 253,000 jobs in April, according to a report released Friday by the Labor Department, well above estimates from economists. Unemployment also fell to 3.4%, and wages were also higher. Ed O’Keefe has the details. Be the first to … Read more
[ad_1] A lively U.S. labor market in the past two years has been a rare bright spot in a fitful economic recovery from the pandemic, with robust job growth bringing the nation’s unemployment rate close to a 50-year low. But with a possible recession looming, many companies are now slamming the brakes on hiring in … Read more
[ad_1] BuzzFeed is shutting down its BuzzFeed News operation, with CEO Jonah Peretti writing in a company memo that it “can no longer continue to fund” the site. The company, known for a millennial-friendly site filled with listicles and viral videos, said it is also cutting 15% of its employee base, or about 180 workers. … Read more
[ad_1] Employers across the U.S. continued to hire at a steady pace last month, but the labor market showed signs of cooling in the face of the Federal Reserve’s efforts to slow the economy. The economy added 236,000 jobs in March, the Labor Department reported Friday, in line with forecasters’ expectations of about 240,000 payroll … Read more