Jobs Archives - Page 5 of 5

Elon Musk Has ‘Super Bad Feeling’ about Economy, Plans to Slash 10% of Jobs at Tesla

Elon Musk has warned he has a “super bad feeling” about Democrat President Joe Biden’s economy and plans to slash 10 percent of the workforce at Tesla. Musk says he will also "pause all hiring worldwide," according to a leaked email obtained by Reuters. In the email, Musk raised concerns…

US Economy Adds 428,000 New Jobs in April, Beating Forecasts

America's economy added 428,000 jobs in April, beating previous employment forecasts, according to the Bureau of Labor Statistics (BLS). The figure tops the market forecast of 391,000 for the month, the latest figures show. The unemployment rate is unchanged at 3.6 percent, however. Average hourly earnings rose at an annualized…

Renault Production May Be Impacted by Supply Chain Issues in Russia

French automaker Renault has warned that its production may be severely impacted due to supply chain issues in Russia. The company is concerned about the stability of its supply chains in Russia amid rising tensions between the country and Ukraine. Should a conflict break out, it will have repercussions for…

Weekly Unemployment Claims Soar, Indicating Omicron Hit to Jobs Recovery

The number of weekly unemployment claims for American workers has spiked, indicating that the recent Omicron surge has hit the U.S. jobs recovery hard. In the first week of the year, the number of U.S. workers filing weekly jobless claims—a proxy for layoffs—rose by 23,000 from the prior week. The…