Jobs
Wage growth is doing something odd in 2025 — the last time it happened was around the Great Recession
Key Points Job “switchers” typically see their wages grow at a faster rate than workers who stay in their current roles. However, that trend has reversed for the past six months, since February, data shows. Such a reversal rarely occurs outside of periods of weakness in the labor market, economists said. Source
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Former Walmart U.S. CEO Bill Simon questions stock drop: ‘It was about as good of a quarter as any retailer could have in any environment’
Fast Money Former Walmart U.S. CEO Bill Simon questions stock drop: ‘It was about as good of a quarter as any retailer could have in any environment’ Published Thu, Aug 21 20257:37 PM EDT Stephanie Landsman@stephlandsman WATCH LIVE Source
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‘Job hugging’ has replaced job hopping, consultants say
Key Points Workers are “job hugging,” or clinging to their jobs “for dear life,” according to consultants. They may be nervous to move to new opportunities in the current labor market. Employers have also pulled back on hiring. Source
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Qantas to pay record fine of $58 million for pandemic sackings criticized by judge
A court ordered Australia’s largest airline, Qantas Airways, on Monday to pay a record fine of A$90 million ($58.64 million) for illegally sacking 1,800 ground staff during the COVID-19 pandemic and criticized it for a lack of contrition. In imposing the penalty, the largest ordered by a court on a company in the history of Australia’s labor […]
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Trump pick for BLS commissioner recently called for suspending monthly jobs report
E. J. Antoni, Ph.D., Former Economist, Texas Public Policy Foundation Courtesy: Texas Public Policy Foundation Heritage Foundation economist E. J. Antoni, who President Donald Trump picked Monday to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports. Antoni, in an interview last week with Fox […]
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Tesla is hiring robotaxi test drivers in New York City, but company hasn’t applied for permits
A Tesla robotaxi drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. Joel Angel Juarez | Reuters Tesla is recruiting test drivers in New York to operate cars with “automated driving systems,” but the company hasn’t applied for the permits it would need to test autonomous vehicles in the […]
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Trump says he’s nominating E.J. Antoni as Bureau of Labor Statistics commissioner
Dr. E.J. Antoni, nominee for the Commissioner of the Bureau of Labor Statistics stands next to Donald Trump in the Oval Office. Courtesy: Donald J. Trump via Truth Social President Donald Trump said Monday that he will nominate the economist E. J. Antoni as commissioner of the Bureau of Labor Statistics. Antoni would replace Erika […]
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AI is already impacting the labor market, starting with young tech workers, Goldman economist says
A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Changes to the American labor market brought on by the arrival of generative AI are already showing up in employment data, according to […]
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CNBC Daily Open: Markets appear to have gotten over the July jobs report — unlike Trump
U.S. President Donald Trump speaks to reporters ahed of boarding Marine One to depart for New Jersey, at the White House in Washington, D.C., U.S., August 1, 2025. Jonathan Ernst | Reuters The U.S. Bureau of Labor Statistics’ July’s jobs report revised previous months’ figures down so dramatically that U.S. President Donald Trump on Monday […]
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CNBC Daily Open: Trump doubles down on criticism of jobs report — but markets bounce back
U.S. President Donald Trump speaks to reporters near Air Force One at the the Lehigh Valley International Airport on August 03, 2025 in Allentown, Pennsylvania. Anna Moneymaker | Getty Images The U.S. Bureau of Labor Statistics’ July’s jobs report revised previous months’ figures down so dramatically that U.S. President Donald Trump called it “RIGGED” and […]
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