Personnel
Trump revealed some of Friday’s jobs data early in post the prior day
President Donald Trump in a social media post Thursday evening indirectly revealed data from Friday’s market-moving nonfarm payrolls count, an apparent violation of long-standing federal policy on statistical releases. In a Truth Social post around 9 p.m. ET, the president indicated that private sector payrolls had expanded by 654,000 for the full year of 2025, […]
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Champagne sales surge at New Year — but labor abuses and tariffs have clouded the industry
Bulgarian grape harvesters work in the vineyards of Chateau de Meursault in Meursault, in the Burgundy region of central-eastern France, on August 26, 2025. (Photo by ARNAUD FINISTRE / AFP) (Photo by ARNAUD FINISTRE/AFP via Getty Images) Arnaud Finistre | Afp | Getty Images It’ll come as no surprise that sales of Champagne peak in […]
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Here’s how AI could influence the Fed’s economic outlook
Key Points Members of the Federal Open Market Committee are factoring rising labor productivity in their economic forecasts. In a long-run “unbounded growth” scenario where AI is fully developed, up to 23% of workers may lose employment and labor productivity increases by as much as three to four times, according to a May 2025 research […]
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AI was behind over 50,000 layoffs in 2025 — here are the top firms to cite it for job cuts
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the […]
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Waller had a ‘strong interview’ for Fed chair with Trump as president appears to turn focus to job market
Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller had a “strong interview” for the central bank chair position […]
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CNBC Daily Open: Beauty is in the eye of the U.S. jobs report beholder
Business representatives staff a table at a career fair in Harlem hosted by Assemblymember Jordan Wright on Dec. 10, 2025, in New York City. Spencer Platt | Getty Images The U.S. November jobs report has something for everybody. Those convinced of weakness will highlight the higher-than-expected unemployment rate as well as the number of jobs […]
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New York AG sues UPS for allegedly shorting Christmas season workers’ wages
New York Attorney General Letitia James accused delivery giant UPS of cheating seasonal holiday workers out of millions of dollars in legally owed wages, according to a new lawsuit filed Monday. James’ office said that an investigation “found that for years, UPS has shortchanged seasonal workers who keep the company running during peak holiday demand […]
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Trump admin to hire 1,000 specialists for ‘Tech Force’ to build AI, finance projects
The Trump administration on Monday unveiled a new initiative dubbed the “U.S. Tech Force,” comprising about 1,000 engineers and other specialists who will work on artificial intelligence infrastructure and other technology projects throughout the federal government. Participants will commit to a two-year employment program working with teams that report directly to agency leaders in “collaboration […]
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The case for more Fed rate cuts could rest on a ‘systemic overcount’ of jobs numbers
In the Federal Reserve’s battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers. In the immediate term, worries over the employment situation meant a vote, albeit divided […]
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Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows
While markets expect Kevin Hassett to be named the next Federal Reserve chair, he is pointedly not the choice of respondents to the CNBC Fed Survey. The December survey shows 84% believe President Donald Trump will tap Hassett, director of the National Economic Council, to head the central bank. But only 11% think that’s what the […]
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