As the U.S. job market shows signs of gradual cooling, one group is experiencing an unexpected surge in demand: artificial intelligence (AI) prompt engineers. These specialists, who craft phrases to elicit specific responses from AI, are commanding six-figure salaries and sparking fierce competition among employers....
Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half — 54% — of jobs in the banking sector have a higher potential for automation, while another 12% could be augmented...
With the high labor costs of delivery, smaller merchants are struggling to find ways to compete on convenience without excessively compromising their margins and without alienating customers. National Retail Solutions (NRS), a point-of-sale (POS) company providing systems geared toward independent retailers, said Thursday (June 6)...
Small business owners are more optimistic than they’ve been throughout 2024 but they remain less optimistic than they have been historically. The NFIB Small Business Optimism Index rose 0.8 point to 90.5 in May, a figure that is the highest level of the year but...
July 24, 2023
As restaurants struggle with ongoing labor challenges, technology can help those with less experienced staff offer the kind of personalized service that many customers expect, according to new Paytronix CEO Jeff Hindman. On Tuesday (July 18), Paytronix announced that Hindman is taking over the position previously held by Andrew Robbins, who is assuming the role […]
July 17, 2023
At Chipotle Mexican Grill, automation is slowly taking over kitchens as part of the fast-casual giant’s efforts to boost back-of-house efficiency and mitigate labor challenges. Most recently, the brand announced...
June 29, 2023
As labor-crunched restaurants seek to get more productivity out of their workforce, one tech startup is offering a remote work solution, even as diners demand just the opposite — more...
March 02, 2023
Construction firms facing lower housing starts and rising mortgage rates that are turning off potential home buyers are increasingly turning to digital payment solutions as a way to increase cash...
July 18, 2024
The number of initial claims for unemployment insurance increased by 20,000 during the week ended Saturday (July 13), driven by temporary closures of automobile plants and the effects of Hurricane Beryl. The total of 243,000 initial claims filed during the week was up from the previous week’s revised figure of 223,000, the Department of Labor (DOL) […]
June 19, 2024
Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half — 54% — of jobs in...
June 11, 2024
Small business owners are more optimistic than they’ve been throughout 2024 but they remain less optimistic than they have been historically. The NFIB Small Business Optimism Index rose 0.8 point...
June 05, 2024
Job creation in the U.S. is demonstrating signs of slowing as wages remain flat. That’s according to the monthly report on private sector employment released Wednesday (June 5) by ADP....
