Forecasters estimate that employers added 200,000 jobs in December, a robust number though a bit below the average in recent months.
Category: Labor and Jobs
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Markets Rise as Investors Like the Look of Hiring and Wage Trends
Traders are betting that a slowdown in job growth and wage gains could reduce the pressure on prices and make the Federal Reserve less aggressive in raising interest rates.
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A slowing job market poses risks for those who’ve been out of work for a while.
The number of people receiving unemployment benefits has been rising, even as new claims remain low.
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U.S. Moves to Bar Noncompete Agreements in Labor Contracts
A sweeping proposal by the Federal Trade Commission would block companies from limiting their employees’ ability to work for a rival.
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Kevin McCarthy’s Business Ties Complicate His Rise to Power
To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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Labor Market Strength Persisted Heading Into the Holidays
Government data from November showed job openings remained high, with rates of quitting and layoffs holding steady.
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Salesforce to Lay Off 10 Percent of Staff and Cut Office Space
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
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Video Game Workers Get a Union Foothold at Microsoft
The outcome, involving about 300 employees, is one of organized labor’s biggest victories at a major U.S. tech company.
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Japan’s Business Owners Can’t Find Successors. This Man Is Giving His Away.
An owner’s struggle in Japan’s northern dairy region illuminates one of the potentially devastating economic impacts of an aging society.
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Wave of Job-Switching Has Employers on a Training Treadmill
The rise in turnover since the pandemic started has a cost in productivity: “It’s taking longer to get stuff out the door.”
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U.K. Rail Strike May Scuttle Post-Holiday Plans to Return to Work
Public sympathy for striking nurses and other health workers is particularly strong, posing a challenge for Prime Minister Rishi Sunak, who has promised to confront trade unions.