Your job is now Fed Chair Jay Powell's full-time job
Two Federal Reserve officials laid out wildly competing visions for the US job market in the mountains of Wyoming over the past two days. And we should probably be glad that the more pro-labor view is...
818,000 US jobs disappeared. That shouldn’t change your view on the economy.
The Bureau of Labor Statistics just released updated estimates that show the US economy had 818,000 fewer jobs than previously thought as of March 2024. Economists were expecting a big negative revisi...
Politicians want to give you money for having kids. They should also consider giving you time.
My colleague Jamie Wilde notes that on the campaign trail, there’s bipartisan support for giving Americans more money for having children. That’s a useful incentive in a world where the financial burd...
No one wants to talk about diversity in tech anymore
Groups that advocated for diversity in tech, like Women Who Code and Girls in Tech, have been shutting down as Silicon Valley distances itself from the efforts amid right-wing backlash, The Washington...
The states with the most Americans working from home
Schmidt's tweak In July, ex-Google CEO Eric Schmidt told a roomful of Stanford students that his former company “decided that work-life balance, going home early and working from home was more importa...
The mystery of the Virginia-sized gap in US job numbers
The two main employment indicators for the US economy are at odds with one another because of how they account for the surge in immigration surge or fail to do so. Between November 2021 and June 2024,...
Bank of America keeps pushing its workers past their physical limits
Banking is widely known to be a work-hard, play-hard industry, but there’s a point at which it gets legitimately inhumane. A Bank of America employee died in May after working 100-hour weeks for a mon...
CEOs now make 268 times as much as their workers, on average
The average CEO pay for S&P 500 company increased 6% in 2023 from the previous year, according to a report released Thursday by the AFL-CIO, a national trade union. The average CEO pay for S&P 500 com...
Teen summer jobs are back... and now they pay more than ever
Every year, thousands of American teenagers use their summer vacation as an opportunity to become camp counselors, lifeguards, tutors, hospitality workers, and babysitters for a few months, before sta...
I Don't: Japanese marriage rates are plummeting
The Big 3 At the start of last year, Japan’s Prime Minister Fumio Kishida said it was “ now or never ” to undo the country’s declining birth rate — but national data out yesterday revealed that birth...
Bag receivers: The NFL salary cap is going up
Bag receivers The NFL is allowing teams to boost their already bumper wage bills next season, raising the salary cap by more than $30 million to take it north of $255 million, the league announced on...
Silver tsunami: Rising retirement rates, as a record number of Americans are set to turn 65
Twilight zone With markets rising, consumer confidence holding up, and a wave of companies enforcing return-to-office mandates, for many Americans, it seems like the perfect time to finally hang up t...
Tokyo drift: Japan is attracting foreign workers, as it grapples with an aging population
Tokyo drift In recent years, Japan has increasingly relied on external manpower to make up for labor shortages, with the country’s working age population having steeply declined since 1995. However, ...
Disunited
Un-unionized The share of US workers who are members of a union has fallen again, according to new data from the Bureau of Labor Statistics — hitting a new low of just 1 in 10 employees being unioniz...
Entrepreneurs, unleashed: New businesses are booming
Hustle culture A swathe of fledgling entrepreneurs have taken the plunge and set up their own companies, with review site Yelp counting a record number of new business openings last year. All told, Y...
Young money: How many of America's teenagers are working?
Minor jobs America’s next generation of workers has already started punching in. New data from the Labor Department reveals that US teenagers today are increasingly picking up part-time jobs, with 37...
Downsizing
Downsizing Macy’s has joined the ever-expanding list of companies that are kicking the new year off with rounds of job cuts, with the iconic department store chain announcing some 2,350 roles, or ~3.5...
Shrinking incentives: Bonuses took a hit in 2023
Where’s the rest? If the end-of-year bonus you were banking on last month came in a little lighter than expected, you’re not alone: cash bonuses shrunk more than 20% in 2023 compared with the previou...
Slipping streams: Twitch is wildly popular, but remains unprofitable
Put bluntly Last week, online streaming platform Twitch announced it would be laying off over 500 workers, or some 35% of its workforce, with CEO Dan Clancy conceding in a post-announcement stream : ...
Pretty vacant: Nearly 20% of America's offices are lying unused
Pretty vacant The push from corporate execs to get employees back into the office hasn’t yet translated into queues at the watercooler... new data from Moody’s Analytics has revealed that nearly 20% ...