Private payroll growth slowed to 122,000 in July, less than expected, ADP says

Private payroll growth slowed to 122,000 in July, less than expected, ADP says

A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City.  Michael M. Santiago | Getty Images Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday. Companies added just 122,000 jobs on … Read more

Worst states to retire in the U.S.—No. 1 isn’t California or New York

Worst states to retire in the U.S.—No. 1 isn’t California or New York

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate’s study of the best states to retire in … Read more

Stellantis to offer buyouts to U.S. salaried workers

Stellantis to offer buyouts to U.S. salaried workers

CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China’s Zhejiang province on May 14, 2024.  – | Afp | Getty Images DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as … Read more

Family offices give staff equity, profit shares in battle for talent

Family offices give staff equity, profit shares in battle for talent

Thomas Barwick | Digitalvision | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are increasingly offering lucrative shares of equity and deal profits to staff … Read more

In-demand jobs companies are hiring for now—some pay over $100,000

In-demand jobs companies are hiring for now—some pay over 0,000

Finding a new job is getting harder.   Last month, the unemployment rate ticked up to 4.1%, the first time it has crossed above 4% since 2021. Fewer people are quitting their jobs, and recent college graduates are having a hard time breaking into the market. Hiring might have fallen beneath its pre-pandemic levels, but there … Read more

Gen X reaches retirement withdrawal age; experts say don’t use the money

Gen X reaches retirement withdrawal age; experts say don’t use the money

Fg Trade | E+ | Getty Images Gen Xers are starting to reach age milestones that give them penalty-free access to certain retirement funds. The eldest members of that generation will be turning 59 this year. And once they reach a certain milestone — age 59½ — they can withdraw money from their individual retirement … Read more

Education Department forgives $1.2 billion in PSLF student debt

Education Department forgives .2 billion in PSLF student debt

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024.  Andrew Caballero-reynolds | AFP | Getty Images The Biden administration announced it will cancel $1.2 billion in student debt for 35,000 workers, as a result of its recent fixes to a popular debt relief program for … Read more

Amazon’s Prime Day causes worker injuries, Senate probe finds

Amazon’s Prime Day causes worker injuries, Senate probe finds

An Amazon workers pull a cart of packages for delivery on E 14th Street on July 12, 2022 in New York City. Michael M. Santiago | Getty Images Amazon Prime Day, the 48-hour discount blitz that kicks off Tuesday, is a “major” cause of worker injuries, according to the preliminary results of a Senate probe. … Read more

How AI and automation will reshape grocery stores and fast-food chains

How AI and automation will reshape grocery stores and fast-food chains

AI isn’t just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend. Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such services as self-checkout kiosks and even AI ordering in drive-thru lanes. … Read more