Jobs Archives - Page 3 of 5

Regional Bank Stocks Rebound as Jobs Report Beats Forecasts

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…

IBM to Replace 8,000 Workers with Artificial Intelligence

Tech giant IBM is stopping all new hires of human workers for jobs that can be filled by artificial intelligence (AI), according to reports. IBM CEO Arvind Krishna has revealed that the company is planning to replace almost 8,000 employees with AI over the next five years. According to Bloomberg,…

Goldman Sachs: AI Could Automate Two-Thirds of All American Occupations

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,…

U.S Adds 236,000 Jobs as Labor Market Slows in March

The United States added 236,000 new jobs in March, slightly below the market estimate of 238,000, according to the latest government data. The jobs numbers, from the Bureau of Labor Statistics (BLS), show the labor market weakened last month. The number of jobs added to the economy in March is…

Facebook to Slash ‘Thousands More Jobs’ as Company Continues to Struggle

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,…

U.S Economy Adds 311,000 New Jobs as Labor Growth Continues

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,…

Falling Labor Participation Rate ‘Really Troubling’ for Economy, Experts Warn

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…

Biden’s Economy Lost 2.5 Million Jobs in January, despite Media Claims of 517,000 ‘Gain’

The United States economy suffered a whopping 2.5 million job losses in January despite efforts by the corporate media to try to spin the numbers in Democrat President Joe Biden's favor. The mainstream media praised Biden's economy while cheering employment figures showing that the U.S. saw a "gain" of 517,000…

Job Openings Rose Unexpectedly in December, Demand for Tech Workers Fell

The jobs market increased at the end of last to beat expectations, according to the latest data from the Bureau of Labor Statistics (BLS). Job openings increased to 11 million in December, up from 10.5 million the previous month. Meanwhile, the number of quits declined slightly, to 4.1 million, down from…

Biden Admin Admits Keystone Cancelation Cost Tens of Thousands of U.S Jobs

The Biden administration has admitted that the cancelation of the Keystone XL Pipeline has cost tens of thousands of jobs in the United States. The Biden admin released a congressionally required report on the impact on jobs of the president’s decision to cancel the Keystone XL Pipeline. The report reveals…