Apprenticeships: The number of apprenticeships has been rising, could they go mainstream?
According to the latest data there were more than 250,000 new apprentices in the US in 2019, marking the highest number in more than a decade. The resurgence of apprenticeships is interesting in the c...
50 years of US unemployment: Biden has inherited the reins of a fragile economy — we get some historical context
Joe Biden is officially in the Oval Office. In his first few days as President, Biden focused his attention on repealing a number of Executive Orders put in place by his predecessor, before turning hi...
Better together: Unions have been dying out across the developed world for decades, could they mount a comeback?
This week more than 200 Google employees did something quite unusual for employees at a tech company — they formed a union. Officially called the Alphabet Workers Union , the goals of the group are si...
US weekly unemployment: Claims have hit levels never seen before
Until now there have been few hard data points that reveal anything about the true economic impact of coronavirus. Economists have opined, journalists have guessed, and the stock market has reacted. T...
HSBC has announced an even bigger raft of job cuts -- aren't the banks meant to be doing okay now?
At the start of this week HSBC announced it was to cut approximately 35,000 jobs over the next 3 years, as part of a $4.5bn cost saving programme. That announcement sees HSBC not only join, but rise t...
Market wrap: S&P 500 ends week with sharp losses after weak jobs report
The S&P 500 plunged 1.8% on Friday after the US unemployment rate rose to its highest level in more than two years in July. The tech-heavy Nasdaq 100 dropped 2.4% and the Russell 2000 sank 3.5%, more ...
There’s a big weather-related asterisk behind the weak US jobs data
Fewer non-farm jobs were added than expected in July, as the unemployment rate rose. And the weather is partially to blame. Hurricane Beryl caused power outages in the US Gulf Coast early in July, dur...
Investors are freaking out that the Fed is too late to save the economy
The US consumer is the engine of the domestic – and the global – economy. The US consumer needs jobs and income growth to spend money and propel corporate profits and the stock market higher. Right no...
10-year Treasury yields sink below 4% for the first time since February
10-year Treasury yields breached the 4% threshold for the first time in about half a year on Thursday morning, as: 1. Initial jobless claims jumped, the latest in a series of data that show the labor ...
All these charts on the US job market are telling the Fed to cut rates
In deciding whether, when, and how much to cut rate s, the Federal Reserve must judge whether the potential for inflation to re-accelerate is more likely, or would be more painful, than the risk of th...
As video game workers organize, SAG-AFTRA strikes against game studios
After nearly two years of talks, the 160,000-member SAG-AFTRA union declared a strike against 10 major video game studios including Microsoft-owned Activision Blizzard, "Grand Theft Auto" publisher Ta...
California gig economy will remain as is after state’s top court upholds Prop. 22
Gig companies like , and can keep classifying their drivers and delivery workers as independent contractors instead of employees in California, after the state’s Supreme Court voted to uphold a law ...
Study shows that universal basic income may not be the greatest idea
In the 2020 election cycle, darkhorse Democrat candidate Andrew Yang popularized the idea of a monthly $1,000 “universal base income” to fight poverty and offset job displacement due to automation, an...
Tech firms are getting more flexible with where people work
Tech companies are already more likely than those in any other industry to offer flexibility in where people work , and they’re getting even more flexible. The share of tech companies considered “full...
Internship opportunities are dropping off
As ambitious students everywhere will know, there’s been a lot of talk around the decline of internships this year, as top companies have looked to cut costs by reducing the amount of young workers th...
The tech companies with the worst work-life balance
Between pivots to AI, layoffs , and attempted returns to the office , the landscape of tech employment has been changing rapidly. To get a picture of what it’s like to work at tech companies these day...
Jobless claims jump up to highest levels of the year
The number of Americans filing for initial jobless claims for the week ending July 13 popped up to 243,000 in seasonally adjusted terms, tying their highest level of the year. But with the pandemic ha...
More US women are working than ever before
As the labor market bounces back from a pandemic slump, America’s female workforce is seeing a strong recovery… but not without consequences for some working women, per the WSJ . New data released by ...
Pay is way up and tipping is down after NYC's delivery wage hike. Takeout prices are flat.
Requiring food delivery apps to pay their drivers a minimum wage doesn't dramatically change the cost of takeout, according to data released by New York City. New York raised the minimum wage for app-...
Corporate mentions of ESG and diversity have dropped sharply amid backlash
These days companies are afraid to do good — or at least to talk about it. Most recently, rural lifestyle retailer Tractor Supply cut its diversity, equity and inclusion (DEI) efforts following conser...