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Initial Jobless Claims Fall: Tight Labor Market Pushes Back Fed Rate Cut Expectations
Thursday, February 22, 2024 - 1:21pm | 552The number of U.S. citizens filing new claims for unemployment benefits fell more sharply than expected last week, underpinning the Federal Reserve’s faith in the resilience of the country’s labor market. Data from the Department of Labor on Thursday showed that in the week ending Feb....
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Australia To Introduce 'Right To Disconnect' Laws: Workers Can Ignore After-Hours Calls And Messages Without Penalty
Thursday, February 8, 2024 - 5:27am | 443Australia is set to implement laws that will allow workers to disregard unreasonable calls and messages from their employers outside of work hours without facing any repercussions. This is part of a broader set of changes to industrial relations laws proposed by the federal government. What...
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General Motors Investors Welcome $10B Buyback, But Goldman Sachs Says Automaker Must Show EV Progress
Thursday, November 30, 2023 - 2:24pm | 420General Motors was riding high today following its announcement on Wednesday of further shareholder returns and the reinstatement of its full-year guidance. Shares in General Motors Co (NYSE:GM) were up 0.76% at $31.83 on Thursday, following a 9.4% surge in the previous trading session. The company...
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UAW's Fain Says GM's 10% Offer 'Insulting' As Contract Negotiations Break Down
Thursday, September 7, 2023 - 1:59pm | 534UAW President Shawn Fain did not mince words in a Thursday pushback against General Motor Company’s (NYSE: GM) wage offer, branding it as "insulting" during tense negotiations between the United Auto Workers union and Detroit's automotive giants. What Happened: GM's offer...
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UPS, Teamsters Union Reach Agreement, Avoiding Potentially Disastrous Strike
Tuesday, July 25, 2023 - 12:31pm | 481The Teamsters union reached a deal with United Parcel Service Inc (NYSE: UPS) in what the package delivery company is calling a "win-win-win agreement." What Happened: The International Brotherhood of Teamsters, which represents approximately 330,000 UPS employees...
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What Recession? New Jobs Data Doubles Expectations, What You Need To Know
Wednesday, May 3, 2023 - 11:21am | 343Private sector employment in the U.S. surged in April, with a total of 296,000 jobs added during the month, according to data issued in the ADP National Employment Report. What Happened: The job additions are a significant increase compared to the revised 142,000 jobs added in March, and are more...
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New Unemployment Claims Grow As Tech Layoffs Escalate, Fed Tries To Cool Economy
Thursday, March 9, 2023 - 9:58am | 716The number of Americans submitting new claims for unemployment benefits grew last week. For the week ending March 4, initial claims for state unemployment benefits jumped 21,000 to a seasonally adjusted 211,000, according to Labor Department statistics released Thursday. Read on for a breakdown of...
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Everybody Wants The 4-Day Work Week, But Could Wall Street Ever Make It Happen?
Friday, March 3, 2023 - 10:06am | 977The notion of a four-day work week is gaining traction, as a pilot program in the U.K. proved unexpectedly successful last week. Could this new scheme ever reach the meat grinder corridors of Wall Street? “We have observed some interest in compressing the workday in the stock market, but...
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New Unemployment Claims Jump, Marking The Longest Weekly Streak Since The Great Recession
Thursday, December 8, 2022 - 3:39pm | 457The number of Americans submitting new claims for unemployment benefits grew marginally last week, marking the eighth straight week of flat or higher continuing jobless claims, the longest trend since the 2009 financial crisis. What Happened: For the week ending Dec. 3, initial claims for state...
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US Adds 263,000 Jobs In September As Labor Market Tightens: How Will The Fed Respond?
Friday, October 7, 2022 - 8:43am | 341The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday morning after the Labor Department reported soft U.S. jobs market numbers from September. What Happened: The U.S. added 263,000 jobs last month, outpacing average economist estimates of 250,000 jobs, according to Benzinga Pro. New...
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With More Cannabis Industry Layoffs Likely, What Can You Do To Stay Employed?
Monday, October 3, 2022 - 10:56am | 944With layoffs affecting the national workforce, cannabis staffing leaders forecast that more dismissals are expected in the sector over the next few months. Layoffs in recent months have included the likes of Aurora Cannabis Inc (NASDAQ: ACB) and Dutchie, among numerous others. Karson...
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Great Resignation? There Are Twice As Many Job Openings As Available Workers In The US Now
Tuesday, August 30, 2022 - 12:03pm | 314Millions of Americans quit their jobs in 2021 and 2022 in what has been dubbed “The Great Resignation.” July was no different, with 5.9 million workers departing from their employers, according to the Bureau of Labor of Statistics. Read more about the Great Resignation here....
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Why Are Execs Musk, Zuckerberg, Smith Concerned About The Future Of The US Workforce?
Monday, July 18, 2022 - 2:38pm | 457Microsoft Corporation (NASDAQ: MSFT) President Brad Smith expressed concern about the future of the workforce in a recent interview with Reuters. U.S. companies are in a “new era,” with few people entering the workforce and employees pressuring employers to pay higher salaries, he...
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Leaked Report Says Amazon May Run Out Of People To Hire In US by 2024
Saturday, June 18, 2022 - 11:27am | 312According to a new report, a leaked Amazon.com, Inc (NASDAQ: AMZN) internal memo from mid-2021 suggests that the company may face a resource crunch and may run out of people to hire at the company's U.S.-based warehouses by 2024. The memo estimated that Amazon would exhaust its labor...
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How To Hire People Across The Globe
Wednesday, January 26, 2022 - 2:24pm | 1662By Dmitriy Zubkov Since we decided to go global, our lives were not the same anymore. I wouldn’t say that it was extremely difficult, but it was completely different from the experience we used to have. The level of complexity has been significantly increased because now we have to take into...