A recent survey found that 1 in 7 Americans admit they only work for about 3 to 4 hours on average each day when working remotely. Nearly 3 out of 4 remote workers are scrolling through social media during their workday, while more than a third are shopping. NTD speaks to Ira Wolfe, recognized as…
‘Measure Outcomes, Not Hours Worked’ to Increase Employee Productivity: Analyst
First-Quarter Job Cuts Jump by Nearly 400 Percent as Companies Struggle With Economic Conditions
Jobs cuts about quadrupled during the first quarter, registering the highest first-quarter cuts since 2020, according to data from a recent report, with worries about the economy and market being the number-one reason for the layoffs. In first quarter 2023, U.S.-based employers announced 270,416 job cuts, which is a 396 percent increase compared to the…
Tech Layoffs Here to Stay; Workers Must Upgrade or Be Out of Date: Tech Experts
March 17, 2023
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Many tech workers still reel from the juggernaut of massive layoffs that began late last year. Historically, tech workers have experienced layoffs more than once in their career. In previous years, through the dotcom bubble bust in 2000 and the great recession in 2007, tech workers expected layoffs to mean 5 to 50 employees being…
US Layoffs Reach Two-Year High as Big Tech Cut Thousands of Jobs in January
February 3, 2023
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American companies announced last month the largest number of layoffs since September 2020, after tech firms cut positions at the second-highest pace on record as they prepare for a potential recession. The layoffs included 102,943 workers in January, more than twice the amount in December and up 440 percent from the same month in 2022, according…
Unemployment Filings Drop in Fresh Sign of Tight Labor Market and Persistent Inflation Pressures
January 26, 2023
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Unemployment filings in the United States dropped last week, as fewer Americans filed for unemployment benefits while the labor market remains tight and inflation pressures continue to persist. Applications for jobless claims for the week ended Jan. 21 fell to 186,000 from 192,000 the previous week, the Department of Labor reported on Jan. 26. This was…
Border Crisis Likely Cause of Employment Data Anomaly
December 30, 2022
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News Analysis The massive influx of illegal immigrants over the past year appears to be the most plausible cause of a major employment statistic growing increasingly inaccurate. If that is so, the error should be remedied come February. In fiscal 2022, Border Patrol was aware of some 2.8 million illegal border crossings—a historic number. Less…
Biden Admin’s 2023 Budget Makes No Economic Sense
December 29, 2022
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Commentary As the end of the year approaches, Joe Biden’s budget for 2023 has to be approved. After reading the president’s proposal, the Congressional Budget Office reported “that level of spending, debt, and taxes will be the highest sustained levels in U.S. history,” worsening an economy that is already trending downward. This year, inflation hit a…
NY’s Orange-Rockland-Westchester Region Sees Record Job Growth in November
The tri-county labor market region of Orange, Rockland, and Westchester in New York saw a record-high job growth at 4.1 percent in November, according to state labor department analyst Johny Nelson. Compared to last November, the region added 24,200 jobs. The two sectors that had the most growth are health services and hospitality, Nelson said….
US Job Openings Rise in September as Fed Plans Another Large Rate Hike
November 2, 2022
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Job openings in the United States continued to expand last month, despite efforts by the Federal Reserve to slow the economy down and lower record high inflation with massive interest rate hikes. There were 10.7 million job openings at the end of September, a rise from August’s reading of 10.1 million, according to the Department…
The Pink-Collar Worker Crisis
October 7, 2022
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Commentary The first time I heard the phrase “pink collar worker” was two days ago from The Atlantic, which published fascinating data on what it describes as mass burnout among nurses, childcare workers, teachers, and other women-dominated professions. The phrase itself dates from the 1970s—the female version of “blue collar” one supposes—and I’m oddly surprised…
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