The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 3, 2024, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
A worker at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty Images Hiring in the private sector rose at a faster than expected pace in December, closing out a strong 2023 for the resilient U.S. jobs market, ADP reported Thursday. Private … Read more
Presidential candidates Anies Baswedan, Prabowo Subianto, and Ganjar Pranowo, along with their vice presidential candidates, are posing for photos after the first presidential candidate debate at the General Election Commission (KPU) office in Jakarta, Indonesia, on December 12, 2023. Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period … Read more
Xavier Lorenzo | Moment | Getty Images If you’re looking for a new job, get ready for more competition in the new year. “We see many more job seekers come and use our site in mid- to late-January,” said Scott Dobroski, career trends expert at Indeed. “It aligns to that new year, new you mentality,” … Read more
Scott Olson | Getty Images News | Getty Images There will be no fooling California fast-food workers come April 1. That’s the day they can honestly believe the minimum wage in the Golden State will jump to $20 an hour from $16, and only in that sector. The pay raise exclusive for that workforce, estimated … Read more
Job postings mentioning artificial intelligence are surging as the technology is booming. Gorodenkoff | Istock | Getty Images In the niche battle of software engineers versus capital, many company leaders are voting software engineers as more valuable — even at a time of high interest rates and pricey borrowing. Will generative artificial intelligence change this? … Read more
YANTAI, CHINA – SEPTEMBER 8, 2023 – Students conduct an industrial robot training at Yantai Cultural and Tourism Vocational College in Yantai, East China’s Shandong province, Sept 8, 2023. At present, China has built the largest vocational education system in the world, and the middle and higher vocational schools train about 10 million high-quality technical … Read more
Srdjanpav | E+ | Getty Images When it comes to the holidays, there’s one thing most workers don’t want to receive: a pink slip. But that’s exactly what some employees are getting this year. Citigroup is in the midst of layoffs as part of a corporate overhaul. Other companies to recently shed workers include e-commerce … Read more
