by Christine Moukazis | Jun 30, 2022 | Latest News
Michael Burry said on Tuesday that the U.S. labor market is about to be sliced in half, with blue-collar workers remaining a sought-after commodity, while white-collar workers see job losses and falling wages. In other words, the good times are ending for office...
by Christine Moukazis | Jun 29, 2022 | Latest News
At a macro level, the job market is still hot and companies aren’t yet shedding jobs in earnest. Layoffs were at a historic low in April, unemployment claims are around pre-pandemic levels and the unemployment rate is hovering near a five-decade low. But cracks are...
by Christine Moukazis | Jun 29, 2022 | Latest News
The dominos are starting to fall in the U.S. economy. As the Federal Reserve pumps the brakes on the economy, many American companies are retrenching. There is a growing fear that as the central bank aggressively hikes interest rates to fight high inflation, it could...
by Christine Moukazis | Jun 29, 2022 | Latest News
A lot of people are worried about the prospect of competing with AI for their jobs, but this probably isn’t what they were expecting. The FBI has warned of an uptick in cases where “deepfakes” and stolen personal information are being used to apply for jobs in the...
by Christine Moukazis | Jun 29, 2022 | Latest News
How long has Eric Adams been mayor now? You’d think at some point he would have taken the time to have a tour of his own city, but it looks like that may not have ever been the case – until he rode the subways for 3 hours last week. That’s because...
by Christine Moukazis | Jun 28, 2022 | Latest News
Recruiting and economic experts say they aren’t seeing a slowdown in the tech labor market despite some recession fears. They say layoffs and hiring slow-downs are few, leaving the market mostly unmoved. Workers are still “in the driver’s seat”...
by Christine Moukazis | Jun 28, 2022 | Latest News
The job market is strong. Layoffs are happening. Businesses are pessimistic. Consumers are still spending. If you’re having a hard time figuring out this economy, you’re not alone — it’s sending all sorts of mixed signals. Why it matters: The...
by Christine Moukazis | Jun 28, 2022 | Latest News
With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet. As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report. That’s down slightly from 61% who...
by Christine Moukazis | Jun 28, 2022 | Latest News
Tesla workers say Elon Musk’s plans for staff to return to the office have been complicated by a lack of space at the company’s Fremont Factory, according to a report from The Information. Several workers who prefer to remain anonymous told the publication...
by Christine Moukazis | Jun 27, 2022 | Latest News
Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs. Now, thanks to a confluence of factors that have cast a pall over markets and caused most deal categories to plunge this year, broad-based job cuts loom...
