The current rules around preventing a revolving door of former ministers being rewarded with plum jobs in the industry they previously presided over are “toothless” and needed strengthening, a peer has said. Lord Pickles, chairman of the Advisory Committee on Business Appointments (Acoba), has welcomed measures to apply fines for those found in breach of…
27 Percent of Jobs at High Risk From AI Revolution, Says OECD
PARIS—More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday. The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly wealthy nations but…
Clear Signs US Jobs Market is Cooling: Analyst
July 7, 2023
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Business & MarketseconomyEpochTVFederal Reserveinflationjobslabor marketMarketsNTD Businessrecession
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The U.S. economy added 209,000 jobs last month. This is the lowest number of jobs added in over 2 years, and comes in below analyst expectations for the first time in 13 months. Is the U.S. economy’s growth slowing? Are the federal reserve’s interest rate hikes finally having an impact? NTD speaks with a labor…
Jobs Prints Lower Than Expected, Core Inflation Remains Stubborn
July 7, 2023
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Business & MarketsBusiness Columnistseconomic policieseconomyenergyFederal ReserveinflationjobsrecessionstagflationUSwages
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Commentary Total nonfarm payroll employment, relased this morning, increased by 209,000 in June, and the unemployment rate changed little at 3.6 percent. Just 149,000 of those jobs were in the private sector; 60,000 were in government. Revisions from April and May resulted in 110,000 fewer jobs than originally reported for those two months. That’s the…
Job Growth Slows to 209,000 in June Below Expected
The U.S. economy created 209,000 new jobs in June, down from a downwardly revised 306,000 in May, according to the Bureau of Labor Statistics (BLS). This also came in below the consensus estimate of 225,000. The unemployment rate slipped to 3.6 percent, down from 3.7 percent, and matched economists’ expectations. BLS noted that the change…
Job Growth Slows to 209,000 in June, Falling Below Expectations
The U.S. economy created 209,000 new jobs in June, down from a downwardly revised 306,000 in May, according to the Bureau of Labor Statistics (BLS). This also came in below the consensus estimate of 225,000 and represented the lowest level of job creation of President Joe Biden’s time in the White House. Employment growth has…
KPMG to Cut 5 Percent of US Jobs in Fresh Round of Layoffs
KPMG is laying off 5 percent of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting giant said on Monday. The firm had over 39,000 employees in the United States at the end of its last fiscal year on Sept. 30. KPMG,…
Orange County Jobs Increasing, Home Prices Declining: Cal State Fullerton Study
June 6, 2023
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Cal State fullertonCaliforniahome pricesjobsOrange CountyRegional & State NewsSouthern CaliforniaState NewsUS
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Jobs are on the rise in Orange County, California, while home prices are headed in the other direction, according to the recent Spring Economics Forecast released by the Woods Center for Economic Analysis and Forecasting at California State University–Fullerton. “In some cases, the actual data itself seem to spew a mixture of confusing narratives,” the…
Labour Will Create Jobs in Nuclear, Renewables, Says Starmer Amid Union Concerns
Workers are at the heart of Labour’s mission to decarbonise Britain’s economy, party leader Sir Keir Starmer said, vowing to avoid the mistakes of the mass closure of coal mines in the UK. Speaking at the GMB union’s Congress in Brighton on Tuesday, Starmer promised decent pay, safer work, and better infrastructure, as “new nuclear,…
US Labor Market Remains Resilient as Economy Adds 339,000 New Jobs
The U.S. economy added created 339,000 new jobs in May, up from 294,000 in April, according to the Bureau of Labor Statistics (BLS). This was higher than the consensus estimate of 190,000. The unemployment rate rose to 3.7 percent last month, up from 3.4 percent. It also topped market forecasts of 3.5 percent. Change in…
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