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.
Category: Layoffs and Job Reductions
-
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.
-
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.
-
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.
-
Job Turnover Eased in June as Labor Market Cooled
Openings were little changed, but hiring and quitting both declined.
-
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.
-
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.
-
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.
-
Anchor Brewery Workers Want to Save Their Company by Buying It
About 39 unionized workers, who represent two-thirds of the brewery’s employees, agreed to pursue a bid to run it as a co-op, a union official said.
-
The Pandemic’s Labor Market Myths
Amid the pandemic, people thought the labor market had permanently changed in important ways. It was a bad bet.