employment

Experts have been debating the artificial intelligence-driven impact on employment with contradicting views. While market veteran like Jim Cramer thinks that “AI is still not trusted,” others see trouble brewing in the labor market due to the automation of several human-led jobs. What...

As artificial intelligence (AI) accelerates job displacement, economist Craig Shapiro warns that the Federal Reserve's traditional tool of interest rate cuts is ill-equipped to address the looming labor crisis. What Happened: In an X post and a detailed Substack essay published today, Shapiro...

Monopoly maker Hasbro Inc. (NASDAQ:HAS) announced that it has cut 3% of jobs amid higher tariffs on imports from China. Here’s a list of five other publicly traded companies that have either reduced their workforce or intend to do so due to the impact of tariffs. What Happened: After...

After a steady May jobs report that was released Friday, economists are at a crossroads about their view on the monetary policy. While some believe that the Federal Reserve should hold onto its “wait and see” stance, others affirm that the central bank can start cutting interest rates....

April’s better-than-expected job openings data hinted that businesses were looking past the tariff-induced tension. However, the Bureau of Labor Statistics (BLS) called it "little changed" as analysts assessed its impact on the stock market. What Happened: Job openings rose to 7.391 million...

Upwork, Inc.  (NASDAQ:UPWK) released its first-quarter results after Monday's closing bell. Here's a look at the details from the report.  The Details: Upwork reported quarterly earnings of 34 cents per share which beat the analyst consensus estimate of 26 cents....

‘Black Swan’ author Nassim Nicholas Taleb has said that the Treasury Secretary, Scott Bessent, has the worst job in the world today because he understands the relevancy and implications of tariffs more than anyone else. What Happened: According to his X post, Taleb has pointed out that...

Big tech companies are employing the majority of approved H-1B visa workers in the U.S., according to research from the Pew Research Center.  Here's a look at which companies top the list. Amazon.com, Inc. (NASDAQ:AMZN) came in first with 11,000 H-1B visa approvals in 2023, marking the third...

Risk assets tumbled as a wave of bearish sentiment gripped markets, with escalating trade tensions, disappointing earnings and signs of economic fragility weighing on investor confidence. President Donald Trump confirmed a 25% tariff on imports from Mexico and Canada, effective March 4, while also...

Editor’s note: This story has been updated with additional details. U.S. employment growth lost steam in January, with job growth coming in well below expectations and marking a significant slowdown from the previous month. Nonfarm payrolls rose by 143,000 in January 2025, marking a sharp...

Private employers created 183,000 new jobs in January 2025, marking a slight acceleration from December’s upwardly revised 176,000 and beating market expectations of 150,000. The ADP National Employment Report, released Wednesday by Automatic Data Processing Inc., highlighted continued...

U.S. retail sales edged higher in December, showing that consumers kept spending through the holiday season, but the increase wasn't as strong as economists had hoped. At the same time, an unexpected rise in weekly jobless claims hinted at a cooling labor market. Retail and food services sales rose...

The December jobs report jolted financial markets during early Friday trading. Stronger-than-expected employment growth and a drop in the unemployment rate to 4.1% raised fears the Federal Reserve may hold off on cutting interest rates for most of 2025. December Jobs Report Fuels Fed Hawkishness:...

The labor market ended 2024 on a strong note, adding 256,000 jobs in December, exceeding economist forecasts and showcasing once again the resilience of the U.S. economy. Nonfarm payrolls rose by 256,000 last month, up from the downwardly revised 212,000 in November and sharply surpassing...

Private employers added 122,000 new jobs in December, marking a slowdown from November's 146,000 and falling short of expectations. With hiring contracting in key industries like manufacturing, the labor market appears to be losing steam heading into 2025. In a report published Wednesday, Automatic...