employment
PlayStation’s Sony To Cut 900 Jobs, As Layoffs Continue To Increase In Gaming Sector
Tech and video game giant Sony has announced a major round of layoffs.
Barbara Lee
Calif: Dem Rep. Barbara Lee Defends Demand To Make Minimum Wage $50/Hour
Rep. Barbara Lee justified her call for a $50 federal minimum wage this week by pointing out how expensive living expenses are in her state.
2024 campaign
U.S. Economy Added 353,000 Jobs In January, Labor Department Report Claims
In a surprising increase, the U.S. economy added an influx of new career positions even though unemployment rates have stayed steady.
argentina
Argentinian Pres. Milei Cuts 5K Gov’t Jobs In One Day
Argentina’s new president continues to pursue his “shock” reforms to the country’s economy as unions vow to fight the change.
Analysts
U.S. Inflation Rose 3.1% In November, Above Federal Reserve’s Target
The Federal Reserve’s long-term objective for U.S. inflation was persistently exceeded in November, with 3.1% growth, supporting central bankers’ arguments to maintain current interest rates this spring.
Bill Adams
US job openings hit more than 2-1/2-year low as labor market cools
U.S. job openings fell to more than a 2-1/2-year low in October, the strongest sign yet that higher interest rates were dampening demand for workers.
16 European countries
AI threatens wages, not jobs – so far, ECB paper finds
The rapid adoption of artificial intelligence could reduce wages, but so far is creating, not destroying jobs.
James Meyers
U.S. Economy Added 150K Jobs In October, Less Than Expected
In the latest job reporting for the month of October, the United States economy saw job creation decrease.