Employers added 115,000 jobs and the unemployment rate remained at 4.3 percent despite higher energy prices and instability spurred by the war with Iran.
Category: Layoffs and Job Reductions
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What to know about the report.
The New York Times – Business: -
How Prepared Are We for A.I. Layoffs?
The New York Times – Business:Our chief economics correspondent, Ben Casselman, describes how A.I.-related layoffs are testing the resilience of the government’s safety net programs.
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Coinbase Lays Off 14% of Employees as A.I. Changes Work
The New York Times – Business:The largest U.S. crypto exchange said it was cutting jobs because of cryptocurrency market volatility and to “optimize” for the artificial intelligence era.
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China’s Economy Starts to Show Cracks From Iran War
The New York Times – Business:China’s strategic reserves of oil and natural gas have insulated it somewhat, but its manufacturing-based economy is beginning to falter.
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Nike to Cut 1,400 Jobs as Part of Its Turnaround Plan
The New York Times – Business:Most of the layoffs will affect tech workers as the athletic giant tries to reverse a yearslong sales slump. It’s the second round of cuts this year.
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A.I. Is Eliminating Jobs on Wall Street
The New York Times – Business:“A.I. gives us places to go we haven’t gone,” said one bank’s chief executive.
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A Year After U.S.A.I.D.’s Death, Fired Workers Find Few Jobs and Much Loss
The New York Times – Business:People have plowed through savings, cashed out retirement funds and moved in with relatives. Former U.S.A.I.D. workers estimate that less than half have found full-time work.
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This Is a Hard Time to Start a Career. These Two Words Can Help.
The New York Times – Business:Advice on building a rewarding work life, even amid employment gloom.