U.S. inflation runs cooler than forecast, easing pressure on Fed
Inflation decelerated in July by more than expected, reflecting lower energy prices.
Economic news
U.S. productivity falls for a second quarter, labor costs surge
Labor costs are staying elevated, which could prolong inflation in the U.S.
Qantas asks execs to temporarily work as baggage handlers to ease labor crunch
Qantas COO is asking office employees to step into service roles like luggage hauling because of stubborn labor shortages at airports.
Meta delays job offers for summer interns, making Gen Z sweat
In the face of a recession, companies are freezing recruitment, cutting jobs and tightening budgets.
Labor hoarding holds key to how severe a U.S. recession may get
Considering how tough of a time businesses had in securing workers during a labor shortage, the question is now how staffing will work in the face of a recession
Worried you’re going to lose your job? Here’s what to do
An approaching recession means that employees need to be prepared for layoffs
U.S. job openings fall to 10.7 million, lowest since September
The number of job openings in the U.S. fell to its lowest in nine months.
Shopify cuts jobs, joining Netflix and Apple in slowdown
Tech companies are reevaluating their staffing needs by instituting hiring freezes, rescinding offers and making rounds of layoffs.
Great Resignation is slowing amid high inflation, Randstad says
Workers less likely to quit their jobs because of increasing living costs and inflation
Older Americans go back to work in next frontier of labor force
A mixture of high-inflation and periodic recessions are gouging one of America's most vulnerable populations, seniors.
Just graduated? These 10 industries have the most job vacancies
Both new graduates and job seekers without degrees have plenty of options as the talent market stays hot.
Teens flock back to summer jobs
The participation rate for teens in the job market last month increased to 42.9%, the highest for any June since 2009.
Remote work fueled U.S. productivity growth during pandemic, study says
U.S. economic productivity increased thanks to pandemic-era WFH policies in sectors like finance and and information
Is the U.S. in a recession? How to prepare for an economic downturn
More than half of Americans believe the country is currently in a recession.
Almost 80% of U.S. workers fear losing their job in a recession
American employees are feeling anxious that their jobs are no longer secure with the looming threat of a recession.
How to protect retirement savings from inflation and economic downturns
Inflation and stock market volatility are impacting employee confidence around retirement, but employees don't always need to react to get through challenging financial times.
Inflation pushes Apple to boost pay for U.S. workers
Apple is raising salaries for workers in the US by 10% or more as it faces a tight labor market and the spread of unionization efforts across its retail stores.
U.S. jobless claims fall to lowest levels since 1968
Weekly unemployment claims have been falling for most of the year alongside declining COVID-19 cases and solid consumer demand that’s supporting business growth, including hiring.
U.S. hiring stays robust as jobless rate falls and wages pick up
The U.S. added close to half a million jobs in March and the unemployment rate fell by more than expected.
U.S. initial jobless claims decline to lowest since 1969
Demand for labor far exceeds supply and rampant inflation keeps the incentive to work high.
