Job growth crushes estimates in January, unemployment rate unexpectedly dips to 4.3%
The American labor market, ladies and gentlemen. The January jobs report was a blockbuster, with nonfarm payrolls growth of 130,000. Economists polled by Bloomberg expected nonfarm payroll growth of 6...
A new rule from the Trump administration could make it easier to dismiss senior government workers
The government is carving out a new job category for high-ranking federal employees that could make it easier for them to dismiss about 50,000 workers, The Wall Street Journal reported last week. Fed ...
New study finds AI doesn’t reduce work — it intensifies it
The rapid adoption of AI by businesses was fueled by the promise of huge productivity boosts that could supercharge workers. A new study has found that while it did indeed boost workers’ productivity,...
AI is becoming a go-to reason for layoffs — but is it actually replacing workers?
The US labor market is at an interesting place. On the one hand, unemployment remains pretty low . But Corporate America is still unwinding some of the pandemic-era hiring binge — data out yesterday f...
Amazon cuts another 16,000 roles after laying off 14,000 workers in October
announced Wednesday that it’s cutting 16,000 roles across the company, having laid off 14,000 workers only three months ago . “As I shared in October, we’ve been working to strengthen our organization...
12% of American workers use artificial intelligence in their roles every day
When Anthropic this month announced Claude Cowork, an AI agent designed to help the everyman’s working day run a little smoother, it certainly caused a splash, sinking software stocks and scaring the ...
Amazon to lay off thousands more office workers on path to 30,000 cuts
plans to axe thousands of corporate workers next week, after laying off 14,000 back in October, according to Reuters. The new cuts could be “roughly the same” number as last time and may hit Amazon We...
AI has given public markets the software scaries... and it’s spreading to private markets, too
Since ChatGPT burst onto the scene, it has been blamed (or credited ) for reshaping just about everything it touches, from knocking down college kids’ favorite homework shortcut to upending the job ma...
Survey: CEOs and workers have wildly different thoughts on AI productivity gains
One of the main reasons companies are rushing to adopt AI is to give their workers the miraculous productivity boost that AI companies have been promising — and believe will quickly earn back their in...
Nurses are still America’s most trusted workers
As the US mulls its slowing labor market , at least Americans seem to agree on a few job-related things: healthcare workers tend to be pretty honest, and the only occupation less trustworthy than work...
RIP the metaverse
Today confirmed that it’s laying off more than 1,000 people in its Reality Labs division — the latest in a series of nails in the coffin for the company’s virtual reality and metaverse ambitions as it...
Meta reportedly plans to cut about 10% of employees in Reality Labs metaverse business
is planning to cut roughly 10% of its Reality Labs employees, according to a report from The New York Times. The division is home to products related to the namesake of the company — the metaverse — ...
Unemployment rate drops by more than expected in December, even with weak job growth
The jobless rate dipped down to 4.4% in December, even as employment grew by just 50,000. Economists anticipated 70,000 jobs would be added, with the unemployment rate edging down to 4.5%. Ahead of th...
America now has more job seekers than available jobs
US job openings fell to 7.15 million in November, down from 7.45 million in the previous month, marking the lowest level since September 2024, according to the Bureau of Labor Statistics’ Job Openings...
Double dose of long-delayed jobs data weighs on US stocks
A messy trove of jobs data landed Tuesday morning with the release of nonfarm payrolls for October and November, showing a higher-than-expected unemployment rate of 4.6% in November. The US unemployme...
Frontier sinks as longtime CEO, who regularly feuded with United, suddenly departs
Shares of ultra-budget airline are down more than 10% on Tuesday morning following the carrier’s announcement that it would replace its longtime CEO, Barry Biffle. Frontier President James Dempsey wi...
US unemployment rate rises for 4 consecutive readings, first time since 2009
A double dose of long-delayed jobs data landed this morning, with the release of nonfarm payrolls for October and November. The unemployment rate rose by more than expected to 4.6% in November, while ...
Budget airline stocks dip as Spirit pilots ratify contract that’ll help the carrier stay afloat
Low-cost airlines and are trading lower on Thursday following the news that Spirit Airlines pilots ratified modifications to their labor contract that will lower costs for the carrier, which filed f...
Pilot shortages might only get worse for airlines in years to come
As the International Air Transport Association released its global outlook for air travel on Tuesday , a pitfall mentioned in the report was unfolding on the ground in real time. The trade body projec...
What prediction markets think will happen with Apple’s CEO
Silicon Valley insiders — including executives — increasingly believe longtime Apple CEO Tim Cook may be nearing the end of his tenure, The Information reports . The murmurs follow a Financial Times ...