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fromLondon Business News | Londonlovesbusiness.com
1 week ago

Stocks drift up, Ocado up on Kroger retrenchment - London Business News | Londonlovesbusiness.com

Layoff announcements this year top 1.1 million, the most since 2020 when the pandemic hit, according to the Challenger jobs report, which has taken on a bit more significance lately due to the patchy official labour market data in the wake of the US government shutdown. The firm said layoff plans hit 71,321 in November, a down from the huge (22yr high for the month) cuts announced in October...the 1.17mn total is 54% higher than the same 11-month period a year ago
World news
Artificial intelligence
fromFortune
2 weeks ago

MIT report: AI can already replace nearly 12% of the U.S. workforce | Fortune

Current AI systems can economically perform tasks equivalent to about 11.7% of U.S. jobs, affecting roughly 151 million workers and about $1.2 trillion in wages.
Business
fromFortune
1 month ago

Welcome to the era of 'low-hire, more-fire,' warns top economist-the days of talent hoarding are over | Fortune

Absent official BLS data, private indicators show limited softening but unemployment poses a 2026 risk as firms shift to productivity and may shed labor.
US news
fromFortune
1 month ago

'Yikes': Top investment bank looks under the hood of the economy and finds 'the labor market doesn't look that good' | Fortune

The U.S. labor market shows mounting weakness with rising layoffs, slowing hiring, and increasing risk to households and the economic recovery.
Business
fromFortune
2 months ago

The job market is weak and getting weaker, top economists says, while Trump looks to the future | Fortune

Private payroll measures show the U.S. job market was weak in September, with little to no net job growth and signs of deterioration.
Artificial intelligence
fromIT Pro
2 months ago

AI isn't taking anyone's jobs, finds Yale study - at least not yet

Generative AI has caused only modest, uneven employment changes in the US labor market over 33 months since ChatGPT's launch.
US politics
fromSlate Magazine
3 months ago

Trump's Economy Is Finally Here-and It's Even Worse Than You Imagined

U.S. job growth collapsed in August with only 22,000 jobs added, unemployment rising to 4.3 percent, and Black unemployment reaching 7.5 percent.
fromFortune
3 months ago

Jamie Dimon isn't convinced by the market's theory that huge job revisions aren't a recession indicator | Fortune

It's not like there's going to be a recession ... right?
US news
US politics
fromFast Company
3 months ago

Job growth revised down by nearly 1 million jobs through March, new data shows

U.S. employers added 911,000 fewer jobs in the year ended March 2025 than previously reported, signaling a weaker labor market and slowing job growth.
US news
fromFortune
3 months ago

Labor market is at a 'turning point' says new study-and it hasn't been this difficult to land a job since the height of the pandemic | Fortune

Multiple U.S. labor indicators are weakening: falling employment trends, large payroll revisions, declining temporary hiring, and minimal job gains suggest a potential turning point.
fromenglish.elpais.com
3 months ago

Trump ends four uninterrupted years of job creation in the US

Donald Trump returned to the White House promising to boost job creation. So far this hasn't happened: the labor market is weakening and, for the first time since the Covid pandemic, is beginning to show negative job growth. According to indicators released on Friday, 22,000 non-farming jobs were added in August, far lower than the 76,000 new positions economists had been expecting to see.
US news
US politics
fromwww.aljazeera.com
3 months ago

US job growth slows as Trump policies weigh on labour market

US labor market is stalling as unemployment rises and tariffs plus immigration crackdowns reduce hiring, with only healthcare and social assistance showing significant job gains.
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