Author Archive
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American Men Continue to Leave the Workforce
American men are bowing out of the workforce in record numbers, and not just because they're hitting retirement age. Labor Department data show that in April, one-third of men were neither working nor looking for work, pushing male labor-force participation to a historic low outside the first months of the... Go to Source Author: John Johnson with Newser.AI
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Musk: I Know How to Contend With AI-Driven Job Loss
Elon Musk has a fresh spin on universal basic income, and it's not small change. In a post on X , the billionaire argued that the "best way" to handle job losses from artificial intelligence is "universal HIGH INCOME via checks issued by the Federal government." Per Mandatory , Musk's proposal goes... Go to Source Author: Jenn Gidman with Newser.AI
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For This Group, Unemployment Could Hit 66%
While the Iran war dominates headlines, World Bank President Ajay Banga is trying to steer eyes toward a quieter but potentially far larger threat. In the next 10 to 15 years, 1.2 billion people in developing countries will reach working age, but current trends point to only about 400... Go to Source Author: Arden Dier with Newser.AI
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Jobs Report Is Much Better Than Expected
American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal February. And the unemployment rate dipped to 4.3%. The Labor Department reported Friday that hiring marked a rebound from the loss of 133,000 jobs in February, the AP reports. The February loss... Go to Source Author:
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Jobs Report Comes in Unexpectedly Weak
American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4.4%, the AP reports. The Labor Department reported Friday that hiring deteriorated from January, in which companies, nonprofits, and government agencies added 126,000 jobs.... Go to Source Author:
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GDP Comes In Much Weaker Than Expected
Economic momentum took a clear hit at the end of last year, with the record-long government shutdown and a slowdown in consumer spending taking the blame. New data from the Commerce Department shows the US economy expanded at a 1.4% annual rate in the fourth quarter—barely more than... Go to Source Author: John Johnson with Newser.AI
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Tight Job Market Births ‘Reverse Recruiters’
Job hunting has gone pay-to-play. The Wall Street Journal reports that as white-collar hiring freezes spread and applicant pools swell, a growing number of candidates are now paying recruiters directly—reversing a system in which employers traditionally footed the bill to find talent. "Reverse recruiters" pitch themselves to job seekers... Go to Source Author: Tim Karan with Newser.AI
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Young Workers’ Job Woes Aren’t All in Their Heads
Landing that first "real" job is getting tougher for new grads—and the data suggests it's not just in their heads. The Washington Post reports that as employers grow more cautious in an uncertain economy and AI reshapes roles, they're increasingly favoring experience over potential. Revelio Labs finds the typical... Go to Source Author: Kate Seamons with Newser.AI
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Sluggish Jobs Numbers Lower Than Expected
Sluggish hiring last month closed out a year of weak employment gains even as layoffs and unemployment have also been low, per the AP . It was, in other words, a "low hire, low fire" year, as the Wall Street Journal puts it. The details: Numbers: Employers added 50,000 jobs... Go to Source Author:
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Unemployment Now at Highest Level Since 2021
The United States gained a decent 64,000 jobs in November, but it lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports. The unemployment rate rose to 4.6%, the highest level since 2021, per the AP . Both... Go to Source Author:
