Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.
Category: Layoffs and Job Reductions
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U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy
The New York Times – Business: -
U.S. employers added 263,000 jobs in November, the latest sign of the economy’s strength.
The New York Times – Business:The Labor Department report gauged the impact of the Federal Reserve’s campaign to tame inflation by tamping down hiring.
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For Young Job Seekers, Stability Is a Top Priority
The New York Times – Business:People entering the work force amid inflation, pandemic uncertainty and layoffs are recalibrating what a dream job looks like.
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Why Are Middle-Aged Men Missing From the Labor Market?
The New York Times – Business:Men ages 35 to 44 are staging a lackluster rebound from pandemic job loss, despite a strong economy.
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Gannett Starts Another Round of Staff Cuts
The New York Times – Business:The largest newspaper chain is cutting roughly 6 percent of its 3,440-person U.S. media division.
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CNN Cuts Jobs as Cost-Cutting Pressure Mounts
The New York Times – Business:Chris Licht, the network’s chairman, said that the company would be notifying affected employees later this week.
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Job Openings Ease, but Layoffs Are Little Changed
The New York Times – Business:Government data for October shows the labor market is still strong, though cooling slightly.
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Business Travel’s Rebound Is Being Hit by a Slowing Economy
The New York Times – Business:By the early fall, domestic business travel was back up to nearly two-thirds of its prepandemic level. But companies have now begun to cut back.