Markets
Remote Work, Not AI, Drives 20% Unemployment Rise for Young Grads, Fed Research Finds
New research from the New York Fed indicates remote work, not AI, is behind a 20% rise in unemployment for recent college...
#labor market 18 articles
Economy
May Jobs Report Forecasts Solid Payroll Gains, 4.3% Unemployment
Economists project the upcoming US May jobs report will reveal a steady 4.3% unemployment rate and a significant 89,000 increase in payrolls,...
Economy
Inflation Gauge Hits 3-Year High, Consumer Confidence Declines
A key inflation gauge accelerated in April to a three-year high of 3.8%, squeezing American finances as consumer confidence slides and mortgage...
Economy
US Jobless Claims Edge Up to 215,000, Layoffs Stay Low Amid Geopolitical Strain
Initial US jobless claims increased to 215,000 last week, yet overall layoffs remain historically low despite economic uncertainty fueled by the Iran...
Economy
US Teens Face Toughest Summer Job Market Since 1948
Teenage job-seekers are projected to encounter the most challenging summer employment landscape since 1948, driven by inflation and soaring fuel costs. Employers...
Markets
UK Businesses Increase Temp Staffing to Counter Volatility
British employers are increasingly turning to temporary workers, a recent survey shows, as they navigate economic turbulence exacerbated by geopolitical events. Permanent...
Economy
US Jobless Claims Dip as Layoffs Remain Subdued
U.S. applications for unemployment benefits fell last week, signaling continued low layoff rates amidst global economic uncertainty.
Finance
US Tailoring: High Demand, Aging Workforce Creates Economic Gap
The U.S. faces a critical shortage of skilled tailors and dressmakers as an aging workforce retires, despite surging consumer demand for custom...
Stocks
Job Cuts Jump 25% in March, Challenger Report Details
Employers announced 60,620 job cuts in March, a 25% increase from February's 48,307 reductions, according to Challenger, Gray & Christmas.