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Category: Layoffs and Job Reductions
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JOLTS Report Shows Job Openings Rose in August
The report from the Labor Department is the latest reading on how the economy is withstanding the escalation of interest rates.
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U.A.W. Strike Strains a Fragile Auto Supply Chain
Prolonged and expanding strikes by the United Automobile Workers union could hurt drivers, car dealers and auto parts suppliers.
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New York Public Radio to Cut 12% of Work Force
The chief executive of New York Public Radio, which operates WNYC and the classical music station WQXR, said the organization was facing a “free fall” in advertising.
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Hollywood Strikes Send a Chill Through Britain’s Film Industry
Many U.S. studios’ blockbusters are filmed in Britain, so the walkouts by actors and screenwriters have caused thousands of U.K. film crews to lose work.
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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
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UAW Union and Ford, General Motors and Stellantis Resume Talks
The United Auto Workers said it had “reasonably productive conversations with Ford” but did not mention G.M. or Stellantis.
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Why Some Ex-Workers at Bed Bath & Beyond Face 401(k) Losses
Federal law generally protects retirement savings when a company files for bankruptcy. But that’s not always the case.
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U.S. Added 187,000 Jobs in August and Unemployment Rose to 3.8%
Employers added 187,000 jobs in August and unemployment rose to 3.8 percent as the economy continued to lose momentum built up after pandemic lockdowns.
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Job Openings Dropped in July as Labor Market Cooled
Vacancies fell to 8.8 million, the lowest level since March 2021.
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China’s Economic Outlook: Pep Talks Up Top, Gloom on the Ground
Beijing has characterized concerns about the economic slowdown as being inflated by Western critics. Widespread anxiety and pessimism paint a different picture.
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A Crisis of Confidence Is Gripping China’s Economy
China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.