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.
Disney has begun the process of laying off thousands of employees around the world as the company seeks to drastically reduce its workforce.
Large tech companies are continuing to gut their workforces as economic fears mount.
A government jobs report has provided some positive economic news amid the banking crisis, causing regional bank stocks to rebound sharply.
Tech giant IBM is stopping all new hires of human workers for jobs that can be filled by artificial intelligence (AI), according to reports.
Goldman Sachs economists have warned that two-thirds of all occupations across America could be partially automated by artificial intelligence (AI).
The United States added 236,000 new jobs in March, slightly below the market estimate of 238,000, according to the latest government data.
Facebook’s parent company Meta is due to slash “thousands more jobs” on Wednesday, according to reports.
The U.S. economy added 311,000 new jobs in February, according to the latest figures.
America’s low labor participation rate has become a problem for the U.S. economy, experts are warning.