Jobs
Private payroll growth slowed to 122,000 in July, less than expected, ADP says
A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. Michael M. Santiago | Getty Images Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday. Companies added just 122,000 jobs on […]
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Microsoft tells employees it will hand out one-time cash awards of up to 25% of annual bonus
Satya Nadella, CEO of Microsoft Bernd Von Jutrczenka | picture alliance | Getty Images Microsoft said on Tuesday it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file to employees. Salaried and hourly workers at the senior director level and below will be eligible for the award, Kathleen […]
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Job seekers are sour on the cooling labor market
Key Points Job seekers are feeling less confident about their ability to land a new gig. The labor market has cooled from a red-hot pace in 2021 and 2022. The unemployment rate has increased and businesses aren’t hiring as readily. While data suggest the labor market remains strong, further cooling could be troublesome, economists said. […]
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Here’s why you may get a smaller pay raise next year
Key Points The typical worker will get a 4.1% annual raise for 2025, down from 4.5%, according to a WTW survey. That growth is still high relative to the recent past. Company pay increases are largely dictated by supply-and-demand dynamics in the labor market. The job market has cooled from a scorching level in 2021 […]
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Autonomous AI workers that talk to each other will arrive in 2025, Capgemini predicts
Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | Getty Images Artificial intelligence-powered agents will be able to work together and solve tasks in a so-called “multi-agent AI” system by 2025, according to technology services giant Capgemini. Such a system would entail a collection of agents that work together to solve tasks […]
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Harris hits the campaign trail under spotlight as Biden faces mounting pressure to drop out
U.S. Vice President Kamala Harris campaigns at Westover High School in Fayetteville, North Carolina, U.S., July 18, 2024. Kevin Mohatt | Reuters Vice President Kamala Harris touted the nation’s domestic manufacturing resurgence under President Joe Biden on Thursday at a campaign stop in North Carolina, where the intense media interest reflected her status as the […]
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What would a second Trump presidency mean for China? Goldman Sachs weighs in
Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. Artyom Ivanov | TASS | Getty Images BEIJING — If Donald Trump wins the U.S. presidential election, his plans for 60% tariffs on Chinese goods could be a “major downside growth risk” to China, according to Goldman Sachs. Chances of […]
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Occupation scams surged 118% in 2023, aided by AI. This is how to quit them
Key Details Work frauds are an rising risk. They surged 118% in 2023 from 2022, according to the Id Theft Useful resource Heart. Scammers could pose as recruiters or article bogus position advertisements in buy to get sensitive personalized and economic information and facts from occupation seekers. Advancements in synthetic intelligence and the increase of […]
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U.S. financial system extra 206,000 employment in June, unemployment fee rises to 4.1%
The U.S. economic system once again added somewhat far more work opportunities than predicted in June though the unemployment rate amplified, the Labor Office noted Friday. Nonfarm payrolls greater by 206,000 for the thirty day period, much better than the 200,000 Dow Jones forecast however considerably less than the downwardly revised attain of 218,000 in […]
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‘Early innings’ of a U.S. manufacturing boom: Tema ETFs CEO delivers bull scenario for industrials
ETF Edge ‘Early innings’ of a U.S. producing increase: Tema ETFs CEO delivers bull case for industrials Released Wed, Jul 3 20242:44 PM EDT Emily Glass Watch Dwell Supply
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