Employers added far fewer jobs in May and June than previously reported. Such downgrades have historically meant trouble for the labor market.
Category: Labor and Jobs
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Big Downward Jobs Revisions Could Be a Warning Sign for the Economy
Employers added far fewer jobs in May and June than previously reported. Such downgrades have historically meant trouble for the labor market.
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Weak Jobs Report Raises Chances of a September Interest Rate Cut
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.
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Where Human Labor Meets ‘Digital Labor’
In a still largely speculative vision of the future, A.I. tools would be full employees that work independently, with a bit of management.
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Cambodia Agrees to a Reduced Tariff and Breathes a Sigh of Relief
Initially 49%, it was lowered to 19%, easing worries of a damaging hit to the country’s garment and footwear production industries.
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Trump’s Fight With the Fed Won’t End With Rate Cuts
President Trump wants the Fed to slash borrowing costs, but the central bank is unlikely to take such aggressive steps even once it begins to lower interest rates.
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Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure
The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.
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A Maine Resort Town Feels the Pressure of Trump’s Immigration Crackdown
Wells, like many U.S. tourist spots that rely on foreign labor, is fearful of immigration raids. The local police department’s agreement to collaborate with federal agents only adds to the anxiety.
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Trump’s Immigration Crackdown Hits Senior Care Work Force
Nursing homes and home care agencies have lost workers as the Trump administration has moved to end deportation protections for migrants with temporary legal status.