Generation Z—those born between 1997 and 2012—is set to become the largest cohort in the workforce by the end of 2024. But with the growing presence, the young generation is already gaining a reputation for being the most challenging to work with. A new poll conducted by Redfield & Wilton Strategies for Newsweek highlighted that […]
Tag: jobs
US jobs growth slows in August
US employers added 315,000 new jobs in August, far fewer than in July, as fears rise that the labour market is heading for a slowdown. The jobless rate rose to 3.7% from 3.5%, according to the figures from the US Labor Department. The report comes on the back of recent data which showed the world’s […]
Economy Adds 467K Jobs Even With Omicron Surging
The U.S. gained 467,000 jobs in January despite fears the economy lost jobs amid the omicron-driven surge of COVID-19 cases, the Labor Department reported Friday. While the unemployment rate ticked up slightly to 4 percent, January job growth far exceeded the expectations of many economists, who feared the U.S. would lose jobs last month for […]
Economy Adds 325,000 Jobs LESS Than Anticipated In November
The economy added just 210,000 jobs in the month of November, the Bureau of Labor Statistics said Friday, and the unemployment rate fell to 4.2 percent from 4.6 percent. Economists had been expecting a gain of 535,000 jobs and the unemployment rate to fall to 4.5 percent. “At this point in the year, we’re looking at […]
Record Number Of Americans Quit Their Jobs In September
The number and percentage of U.S. workers voluntarily leaving their jobs reached an all-time high in September, according to data released Friday by the Labor Department. Roughly 4.4 million U.S. workers quit their jobs in September and the “quits rate” rose to 3 percent, according to the latest edition of the Job Openings and Labor […]
Labor Shortages Forcing Fed Ex To Re-Route Over 600,000 Packages A Day
FedEx is rerouting hundreds of thousands of packages every day while it scrambles to cope with the labor shortage plaguing many businesses in the U.S. FedEx Chief Operating Officer Raj Subramaniam said during an earnings call this week that there have been “widespread inefficiencies” in its operation due to “constrained labor markets” which have ultimately […]
Ted Cruz Tells Unemployed Americans “Get A Job”
Sen. Ted Cruz (R-Texas) reacted to news of millions of Americans losing their unemployment benefits over the weekend by suggesting out-of-work people should “get a job.” In a tweet sent late Monday night, Cruz shared with his followers a headline from the Associated Press reading “Jobless Americans have few options as benefits expire.” “Um, get […]
Jobless Claims Rise Unexpectedly In June
Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen in the first half of 2021 could face hurdles in the months ahead, the Labor Department reported Thursday. First-time jobless claims totaled 373,000 for the week ended July 3, compared with the 350,000 Dow Jones estimate. The […]
US Economy Adds 850,000 Jobs; Unemployment Up
The U.S. economy gained 850,000 jobs in June and the unemployment rate rose to 5.9 percent, from 5.8 percent, a sign that the recovery of the world’s largest economy is building momentum after misses in April and May. Economists had expected gains of roughly 700,000 jobs and a drop of 0.1 to 0.2 percent in […]
Fraud And Errors Give Biden Improved Job Market Numbers
Initial jobless claims for the week ending on Feb. 20 dropped dramatically to a seasonally adjusted 730,000, one of the lowest readings since the pandemic began and well below expectations. Dow Jones economists expected 845,000 new claims, similar to the 841,000 seen the previous week. The figure remains higher than the highest pre-pandemic record for […]
Economy Adds Measly 49,000 Jobs In January
The U.S. added 49,000 jobs in January and the unemployment rate fell to 6.3 percent, a 0.4 percentage point drop, according to data released Friday by the Labor Department. The uptick in jobs shows the recovery from the coronavirus recession resumed last month after December job losses, but the report underscored the deep damage yet […]
Jobless Claims Soar As Economy Faces Sharp Decline
Jobless claims in the first full week of January spiked to a seasonally adjusted 965,000, a 23 percent increase from the previous week, and the highest weekly amount since August. The increase in jobless claims follows a December jobs report that showed the economy shedding jobs, putting the recovery of the labor market in reverse. […]