Labor and Jobs – Page 155

Fed Holds Interest Rates Steady and Pledges to Proceed Carefully

The Federal Reserve left interest rates at 5.25 to 5.5 percent, but its chair, Jerome Powell, said policymakers could still raise rates again.

By Jeanna Smialek

Federal Reserve System Hiring and Promotion Inflation (Economics) Interest Rates Labor and Jobs Layoffs and Job Reductions Unemployment United States Economy

JOLTS Report Shows U.S. Job Openings Steady in September

The Labor Department report is a gauge of how well the labor market can withstand the highest interest rates in two decades.

By Santul Nerkar

Company Reports Conde Nast Publications Inc Labor and Jobs Layoffs and Job Reductions Lynch, Roger New Yorker Social Media Vanity Fair Video Recordings, Downloads and Streaming Vogue Wired (Magazine)

Condé Nast, Publisher of Vogue, Will Cut 5% of Its Work Force

Roger Lynch, the chief executive, said the company was grappling with digital advertising pressures, a decline in social media traffic and shifting audience behaviors.

By Katie Robertson and Benjamin Mullin

Careers and Professions China Hotels and Travel Lodgings Labor and Jobs Layoffs and Job Reductions Shanghai (China) Unemployment

For China’s Jobless Young People, Hostels Are the Place to Be

Chinese backpacker hostels offering bunk beds for a few dollars a night have become hubs for the anxiety and ambitions of job-seeking youth.

By Vivian Wang