Quick Facts
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Latest Sign of Softening Labor Market Emerges
US jobless claim applications jumped to their highest level in almost four years last week, reports the AP , the latest sign that the labor market is softening. The number of Americans filing for unemployment benefits for the week ending Sept. 6 rose 27,000 to 263,000, the Labor Department... Go to Source Author:
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First Jobs Report Since Trump Fired Official Is Due
The Bureau of Labor Statistics is set to drop its latest jobs report on Friday, and there's more than usual riding on the numbers. This is the first report since President Trump abruptly fired the agency's commissioner , Erika McEntarfer, after an unexpectedly weak July jobs tally and sharp downward revisions... Go to Source Author: Rob Quinn with Newser.AI
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New Jobs Report Is Weaker Than Expected
The new jobs report is out, the first one since President Trump fired the head of the Bureau of Labor Statistics and accused her of rigging the numbers. The August report hasn't changed the narrative much, however: It suggests the labor market continued to cool off over the summer. Details:... Go to Source Author: John Johnson
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Americans’ Outlook on the Future Isn’t So Perky
A new Wall Street Journal -NORC poll paints a dim picture of Americans' faith in upward mobility. Just 25% of respondents believe they have a decent shot at improving their standard of living—a record low since the survey began in 1987. More than three-quarters of those who responded to... Go to Source Author: Jenn Gidman with Newser.AI
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Young Chinese People Are Paying for Pretend Jobs
Nobody wants to work for free, let alone pay for the privilege. But, in China, where unemployment is a massive problem for young people, more and more are waking up, getting dressed, commuting, and clocking into "pretend-to-work offices" where they can convince themselves—or others—that they're gainfully employed. The... Go to Source Author: Tim Karan
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Job Hunts Are Taking Longer
As job openings dry up and companies pull back on hiring, unemployed Americans are facing the longest waits for work in years. New federal data show that more than 1.8 million people have been out of work for at least 27 weeks, the longest period outside the coronavirus pandemic... Go to Source Author: Bob Cronin with Newser.AI
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Gen Z Job-Seekers Have Big New Problem: AI
Recent college graduates hoping to snag an entry-level corporate job are running into a new, digital hurdle: artificial intelligence. According to the career platform Handshake, job postings for entry-level white-collar positions—long seen as the first step for new grads—have fallen by 15%, reports CBS News . Meanwhile, competition is... Go to Source Author: John Johnson with Newser.AI
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College Grads Find the Current Job Market ‘Stings’
While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. "It stings a little bit," she said. "I never imagined... Go to Source Author:
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Hiring Comes in Stronger Than Expected
The new jobs report beat expectations, showing that employers added 177,000 jobs in April, reports CNBC . Analysts anticipated about 133,000. The new figure is down from 228,000 in March, though it was positive enough to cheer Wall Street: Dow futures were up more than 300 points in... Go to Source Author: Rob Quinn
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Hiring Remains Steady, but Wildcards Loom
The new jobs report shows that employers continued to hire at a solid pace in February, but a wave of federal firings, along with possible tariffs, may start clouding the picture going forward. Details: Employers added 151,000 jobs in February, up from 125,000 in January though below expectations... Go to Source Author: John Johnson
