labor

Private Sector Adds 122K Jobs as Wage Growth Slows
Private Sector Adds 122K Jobs as Wage Growth Slows
July 31, 2024  |  Economy

American companies added 122,000 jobs this month, while wage growth continued to slow. That’s according to the latest monthly employment report from ADP, released Wednesday (July 31),...

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Global Freight Recession Drives UPS Profits Down by Over 30%
Global Freight Recession Drives UPS Profits Down by Over 30%
July 23, 2024  |  Earnings

Softened pricing, heightened labor cost, and a freight demand pullback are battering the shipping sector. And add to that dynamic operating landscape the recent delays...

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Auto Plant Closures, Hurricane Drive Increase in Initial Unemployment Claims
Auto Plant Closures, Hurricane Drive Increase in Initial Unemployment Claims
July 18, 2024  |  Economy

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...

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AI Whisperers: Bright Spots in a Shifting Job Landscape
AI Whisperers: Bright Spots in a Shifting Job Landscape
July 08, 2024  |  artificial intelligence

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...

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Citi Sees AI Impacting More Than Half Of All Finance Jobs
Citi Sees AI Impacting More Than Half Of All Finance Jobs
June 19, 2024  |  Personnel

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 —...

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Small Merchants Struggle to Provide Delivery Affordable Enough for Consumers
Small Merchants Struggle to Provide Delivery Affordable Enough for Consumers
June 12, 2024  |  Delivery

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...

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Small Business Owners’ Optimism Rises, but Inflation Remains a Problem
Small Business Owners’ Optimism Rises, but Inflation Remains a Problem
June 11, 2024  |  Economy

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...

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Job Creation Slows Amid Big Cuts in Manufacturing
Job Creation Slows Amid Big Cuts in Manufacturing
June 05, 2024  |  Economy

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...

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Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
June 04, 2024  |  Economy

The number of job openings in the United States declined by 4.8% in April. There were 8.1 million job openings available on the last business...

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