Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year.
Category: Layoffs and Job Reductions
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The Metropolitan Opera Guild Will Wind Down Amid Financial Woes
The organization, founded in 1935 to support the opera house, will lay off 20 employees and stop publishing Opera News as a stand-alone monthly magazine.
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China Suspends Youth Unemployment Report
The Chinese government said it would no longer release monthly data about unemployment in young people, which had risen each month this year and reached 21.3 percent.
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Is More Job Hopping Among Younger Workers a Good Thing?
Repeatedly switching jobs has long been a red flag for employers. That’s changing as Gen Z and younger Millennials embrace the upsides, but downsides persist.
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A Trucking Giant Is Bankrupt, and Finger-Pointing Begins
Yellow, which received billions in federal pandemic aid, failed after being a laggard for years in a part of the industry where rivals are doing well.
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The economy added 187,000 jobs in July.
Economists project employment expanded at a healthy but slowing pace in July as the economy coasts into a steadier state.
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Job Turnover Eased in June as Labor Market Cooled
Openings were little changed, but hiring and quitting both declined.
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Uber Posts 14% Rise in Revenue as Growth Slows
The company’s growth decelerated as the rebound from the pandemic normalized and its freight business declined. It also swung to a profit.
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After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
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Nonprofit Theaters Are in Crisis. A Times Reporter Spoke With 72 of Them
Michael Paulson spoke with producers and artistic directors at nonprofit theaters across the country about the crisis their industry is facing.