Workers

New Job Numbers Plummet in May, Way Below Expectations

New Job Numbers Plummet in May, Way Below Expectations

American businesses added far fewer new jobs in May than expected, making the month the worst of the year so far, a new report shows. According to payroll giant ADP, U.S. businesses added just 152,000 new jobs in May. The figure fell far short of the 175,000 new jobs economists…
Read More
IBM to Replace 8,000 Workers with Artificial Intelligence

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

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,…
Read More
50% of American Workers Say They Plan to Quit Their Jobs in 2023

50% of American Workers Say They Plan to Quit Their Jobs in 2023

Amid widespread layoffs and hiring freezes under Democrat President Joe Biden's economy, around 50 percent of American workers say they plan to quit their jobs in 2023, new data shows. The uncertain economy is driving key players in the tech, automobile, media, and food industries to make unprecedented cutbacks in…
Read More