The Labor Department report may put pressure on the Federal Reserve to raise interest rates further to stem inflation.
Category: Layoffs and Job Reductions
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Cathay Pacific Struggles With Aftermath of Covid, and China Crackdown
Pandemic lockdowns, on the heels of the turmoil of pro-democracy protests, hurt an airline that relied on Hong Kong as a vibrant gateway to Asia.
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A.I.’s Threat to Jobs Prompts Question of Who Protects Workers
Tens of millions of jobs could be automated by generative artificial intelligence. The makers of new technologies are looking to the government to step in.
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Airlines and F.A.A. Try to Head Off Summer Travel Meltdowns
Having angered travelers and lawmakers, airline executives and aviation officials said they were reducing flights, hiring staff and making other changes to avoid disruptions this summer.
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How MTV Broke News for a Generation
MTV News bridged a gap between news and pop culture without talking down to its young audience. As it prepares to shut down, Kurt Loder, Tabitha Soren, Sway Calloway and others reflect on its legacy.
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U.S. employers added 253,000 jobs in April.
The unemployment rate fell to 3.4 percent as the labor market showed enduring strength.
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Job Openings Slipped in March as Labor Market Continued Easing
The ratio of open jobs to available unemployed workers fell to the lowest level since October 2021.
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The Unemployment Gap Between Black and White New Yorkers Is Widening
The unemployment rate for Black New Yorkers rose to 12.2 percent in the first quarter of the year, while the white unemployment rate dropped to 1.3 percent, a new report says.
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Microsoft Beats Financial Expectations Despite Worries About Economy
Quarterly revenue was up 7 percent and profits were up 9 percent as the company embarked on an aggressive plan to embrace artificial intelligence.
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Nate Silver, FiveThirtyEight Founder, Expects to Depart ABC News Amid Layoffs
Mr. Silver, who founded the data-driven news site in 2008, said on Twitter that layoffs at the Walt Disney Company had “substantially impacted” FiveThirtyEight.
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Lyft Will Lay Off About 1,200 People as It Looks to Cut Costs
The cuts come as the company tries to lower prices and remain competitive with Uber, its larger rival.