White House Press Secretary Karine Jean-Pierre has claimed that the American people "feel better about their personal finances" thanks to Democrat President Joe Biden's handling of the economy. Jean-Pierre was swiftly, and brutally, fact-checked over the claim, however. During the White House press briefing, CNN reporter Jeremy Diamond asked why…

Disney has begun the process of laying off thousands of employees around the world as the company seeks to drastically reduce its workforce. According to a Thursday report from Deadline, the layoffs are impacting staffers in the United States and the EMEA region (Europe, the Middle East, and Africa). Deadline…

Large tech companies are continuing to gut their workforces as economic fears mount. The mass layoffs that started late last year have continued into 2023. Major firms are announcing mass layoffs due to recession fears and economic slowdowns. So far this year, the number of tech layoffs globally has exceeded…

A government jobs report has provided some positive economic news amid the banking crisis, causing regional bank stocks to rebound sharply. Regional bank shares rallied premarket and extended those gains in early trading Friday. The spike comes after a bruising session on Thursday. The turnaround came as a government jobs…

Goldman Sachs economists have warned that two-thirds of all occupations across America could be partially automated by artificial intelligence (AI). Top economists Joseph Briggs and Devesh Kodnani issued the warning in a report published on April 5. According to the report, a new wave of AI systems, such as ChatGPT,…

Facebook's parent company Meta is due to slash "thousands more jobs" on Wednesday, according to reports. The move comes after the company fired around 11,000 employees in November. Meta is reportedly coming down hard on "projects that aren't performing" as the company continues to struggle. Meta, which owns Facebook, WhatsApp,…

The U.S. economy added 311,000 new jobs in February, according to the latest figures. Economists had projected 205,000 new positions last month. However, the number was down from 504,000 in January, according to the Bureau of Labor Statistics (BLS). The unemployment rate climbed to 3.6 percent, up from 3.4 percent,…

America’s low labor participation rate has become a problem for the U.S. economy, experts are warning. A large number of American workers have failed to return to work since the Covid pandemic. Economists are saying that an unprecedented drop in labor participation across the country has become widely noticeable. Health…