Blog
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Fed Holds Key Rate Steady After Warsh’s First Meeting
Federal Reserve Chairman Kevin Warsh has chaired his first meeting on interest rates, and nothing has moved despite the change at the top. The central bank has kept its key interest rate parked in the 3.5% to 3.75% range, where it has sat all year. The decision was... Go to Source Author: Rob Quinn with Newser.AI
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Remote Work Is Hurting Young Workers’ Chances
The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday found. The study, by the Federal Reserve Bank of New York, compared occupations that can... Go to Source Author:
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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
