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.
Automotive battery plant
Toyota to invest $8 bln more in North Carolina EV battery plant
Toyota said it would invest $8 billion more and add about 3,000 jobs at its electric-vehicle battery manufacturing plant in North Carolina.
JOBS
LinkedIn lays off 668 employees in second cut this year
LinkedIn said on Monday it would lay off 668 employees across its engineering, talent and finance teams in the second round of job cuts this year.
Biden
Biden Attacks Trump’s Record During Labor Day Speech
President Biden went after former President Trump while touting his own accomplishments during the annual tri-state Labor Day parade in Philadelphia.