Jobs/page/17 news and trends

Beneath Data Distortions, Jobs Market Shows Signs of Normalizing
Economy // November 01, 2024

The U.S. economy added the equivalent of a large company in October, according to data released Friday (Nov. 1) from the Bureau of Labor Statistics. More than 12,000 positions were added last month, which missed estimates of 100,000 roles. Stocks roared out of the gate,...

Job Openings Drop to Lowest Level Since Early 2021
Economy // October 29, 2024

The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in September 2023. The Bureau of Labor Statistics (BLS) released these figures Tuesday (Oct. 29) in a press release and table...

Insured Unemployment Reaches Highest Level in 3 Years
Economy // October 24, 2024

The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said in a Thursday (Oct. 24) press release. There were 227,000 initial claims for unemployment insurance during the week ended Saturday...

Jobless Claims Rise Amid Hurricanes, Automaker Layoffs and Boeing Strike
Economy // October 10, 2024

The effects of Hurricane Helene, cutbacks in the auto industry and furloughs related to a strike at Boeing drove U.S. jobless claims to their highest total in a year. During the week ended Saturday (Oct. 5), there were 258,000 initial claims for unemployment insurance — a...

Interviews & Exclusives
Mixed Economic Signals: Strong Jobs Report, but Declining Confidence

October 07, 2024
Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1% pace, down sharply from 6.3% in the previous month. Mix […]

AI Superintelligence: Big Hype or Personalization Superpower?

September 27, 2024
OpenAI CEO Sam Altman’s Monday (Sept. 23) prediction that the world could be “a few thousand days” away from creating artificial superintelligence is sparking discussions among industry experts about the...

Consumer Confidence Drops to 2-Year Low as Paycheck-to-Paycheck Segment Struggles

September 24, 2024
For lower-income consumers, the most vulnerable subset of the paycheck-to-paycheck economy, the outlook is, in a word … gloomy. As measured in the latest reading by The Conference Board, the...

3 Big Ideas From PYMNTS Intelligence’s Restaurants’ Digital Transformation Report

July 24, 2024
The restaurant industry faces a pivotal opportunity with the rise of frictionless digital payments, responding to growing customer demand for convenience. Despite these advancements, adoption rates lag due to entrenched...

Quick Reads
Job Openings Drop to Lowest Level Since Early 2021

October 29, 2024
The number of job openings in the United States declined to 7.4 million in September, down from 7.9 million in August and 9.3 million in September 2023. The Bureau of Labor Statistics (BLS) released these figures Tuesday (Oct. 29) in a press release and table about its Job Openings and Labor Turnover Summary (JOLTS). The […]

Insured Unemployment Reaches Highest Level in 3 Years

October 24, 2024
The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest level in about three years, the Department of Labor said in a Thursday (Oct. 24)...

Jobless Claims Rise Amid Hurricanes, Automaker Layoffs and Boeing Strike

October 10, 2024
The effects of Hurricane Helene, cutbacks in the auto industry and furloughs related to a strike at Boeing drove U.S. jobless claims to their highest total in a year. During the...

HSBC Cutting Top Managers in $300 Million Savings Plan

October 10, 2024
Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges Elhedery plans to restructure HSBC’s...