marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
labor market
04/18/2024
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By Laura Harris
Tesla plans to lay off 10% of workforce after dismal quarterly sales
Tesla has announced its plan to lay off approximately ten percent of its workforce after the release of its dismal first-quarter sales report. In that quarter, Tesla experienced a significant decline in sales due to heightened global competition, a slowdown in electric vehicle sales growth and unsuccessful attempts to attract more buyers, including with price reductions. Tesla has […]
02/21/2024
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By Ava Grace
Biden’s post-pandemic “job recovery” driven almost entirely by MIGRANT LABOR, study finds
A study from the Center for Immigration Studies (CIS) has found that the “job recovery” following the Wuhan coronavirus (COVID-19) pandemic touted by President Joe Biden is driven almost entirely by migrant labor. The Feb. 13 study noted that the entry of foreign-born workers into the U.S. labor force is responsible for Biden’s “job recovery.” […]
02/12/2024
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By Olivia Cook
LAYOFF season continues: PayPal cuts off 9% of its global workforce – roughly 2,500 jobs
PayPal has begun a series of company-wide layoffs that will cut about nine percent of its global workforce – or roughly 2,500 jobs. These job cuts came after new CEO Alex Chriss took over, and came on top of a prior round of dismissals of seven percent last year. In a letter sent to employees, Chriss noted that […]
12/05/2022
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By Ramon Tomey
Unemployment in Germany continues to increase, government data show
The unemployment rate in Germany continues to increase, according to data from the German Federal Employment Agency (BA). Figures from the BA showed that the number of unemployed Germans increased to 2.54 million in November after 17,000 people lost their jobs. The figures released on Nov. 30 also showed the country’s unemployment rate increased to […]
11/30/2022
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By Belle Carter
Companies no longer require college degree for some higher-paying jobs, preferring more extensive work experience instead
Some major players in the industry are taking out the college degree requirement for many high-paying jobs amid the tightening of the labor market. The Wall Street Journal reported that Alphabet Inc.’s Google, Delta Air Lines Inc. and International Business Machines (IBM) Corp. have lowered the educational attainment required for some positions. The big companies leaned toward hiring […]
09/30/2022
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By Kevin Hughes
Bank of America: US unemployment will climb to 5.6% by end of 2023
Unemployment in the U.S. will rise to 5.6 percent by the end of 2023, warned Bank of America (BofA). Its prediction followed Federal Reserve officials who expressed belief that the central bank’s interest rate target will approach five percent next year. A research note from BofA’s U.S. economics team headed by chief economist Michael Gapen […]
07/31/2022
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By Arsenio Toledo
Initial unemployment claims remain high as recession fears affect labor market
Unemployment claims for the fourth week of July fell slightly, but remain higher than expected, indicating that employers remain hesitant to fill their vacancies due to fears of a recession. According to a report released by the Department of Labor, the seasonally adjusted initial unemployment claims for the week ending July 23 was 256,000. This is […]
06/23/2022
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By Arsenio Toledo
Economist: America about to enter next stage of inflation, which will be so much worse
An expert economist warned that the United States’ inflation crisis is about to enter a new stage and the economy will become even more precarious. Inflation is already at a 40-year record-high, according to the Department of Labor‘s Consumer Price Index for May. Secretary of the Treasury Janet Yellen is already warning that high inflation is […]
02/03/2022
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By Mary Villareal
Despite wage increases, the average US worker lost money in 2021 due to soaring inflation
Despite historically high raises that brought hourly wages to a record peak of $31.31, American workers still lost money last year due to price increases for commodities like food and gas, and even services. In reality, according to the Bureau of Labor Statistics (BLS), the massive pay hikes turned into a 2.4 percent pay cut for the average employee […]
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