The US economy added 162,000 jobs in August, according to the Bureau of Labor Statistics (BLS).…
Tag: labor market
AI Productivity Boom Drives Record Low Labor Income Share
The productivity boom driven by artificial intelligence (AI) is widening the gap between corporate profits and…
U.S. Energy Sector Needs 500,000 Workers by 2030 Amid AI
The U.S. energy sector will need about 500,000 more workers by 2030 due to rising demand…
UK Unemployment Steady at 4.9% as Job Vacancies Decline
UK unemployment remained steady at 4.9% in the three months to June, according to the Office…
U.S. Jobs Report Shows Modest Gains Amid Stagnant Wages
The U.S. job market showed signs of modest improvement in July, with economists projecting the addition…
Major Companies Shift Hiring Strategy Amid AI Layoffs
Several large U.S. companies are reversing their hiring strategies as they begin to recognize the limitations…
Record 105.8 Million Americans Out of Workforce in June
The number of Americans outside the labor force reached a record 105.8 million in June, according…
June Private Payrolls Rise 98,000 Amid Labor Market Slowdown
Private sector payrolls increased by 98,000 in June, according to data released by ADP on Wednesday.…