The pandemic has triggered a wave of entrepreneurship—at least in thought. Among Americans, two in five plan on starting a business in 2022, according to a Digital.com survey. And new business applications soared to 5.4 million in 2021, according to the U.S. Census Bureau, exceeding the previous record in 2020 of 4.4 million. The increase is 53…
Americans Leaving Jobs to Start Their Own Businesses at Record Pace
January Jobs Report: Stronger Than Expected; Automakers Report Record Earnings | NTD Business
A strong jobs report from the Labor Department Friday shows the job market is still tight. Where are the jobs, and how are companies trying to attract workers? Automakers are reporting record earnings. What are the most recent trends, and what are the obstacles? Interest rates in the European Union are staying steady. But the…
Biden Touts Positive Jobs Report
President Joe Biden touts a positive jobs report for the month of January capping off his first year as president. U.S. employers added 467,000 jobs in January, seemingly unaffected by a surge of Omicron cases. The Department of Labor (DOL) report released Friday also revised its estimate of job gains for November and December, increasing…
Statistics Canada Says 200,000 Jobs Lost in January
The Canadian economy lost 200,000 jobs in January amid stricter public health rules put in place to slow the spread of the Omicron variant of COVID-19. The decrease marked the largest drop since January 2021, when the economy shed 207,800 jobs, Statistics Canada said Friday. The job losses also pushed the unemployment rate to 6.5…
Dow Subdued at Open as Surprise Jobs Growth Fans Inflation
The Dow opened flat on Friday, as data showing an unexpected jump in U.S. growth in January fanned fears around inflation, countering a boost from Amazon’s results at the end of a volatile week. The Dow Jones Industrial Average was down 15.4 points, or 0.04 percent, at the open to 35,095.74. The S&P 500 rose…
Electric Car Transition Puts Over 70,000 Jobs at Risk in Italy, Unions and Lobby Say
MILAN—The transition to electric vehicles will put around 73,000 jobs at risk in Italy, metal workers’ unions and a lobby group said on Thursday, calling on the government to start discussions on measures to support the automotive industry. Analysts say the auto sector in Italy could be hit harder than elsewhere because of the small…
US Private Sector Employment Falls by 301,000 Jobs: ADP
Payroll processor ADP said in its closely-watched jobs report that America’s private employers not only failed to add any jobs in January but payrolls actually dropped by over 300,000 that month, teeing up what could be a disappointing jobs report when official government statistics are released later in the week. Private-sector employment in the United…
Tesco Says 1,600 Jobs at Risk From Store Changes
LONDON—Tesco, Britain’s biggest retailer, said on Tuesday 1,600 roles were at risk of redundancy due to operational changes at stores, including the removal of night shifts to restock shelves. The group said it was moving its overnight stock replenishment into the daytime in 36 large stores and 49 convenience stores. In 36 stores, it will…
Quebec Restaurants Are Reopening, but Some Former Workers Don’t Plan to Go Back
MONTREAL—Restaurants in Quebec will be allowed to reopen Monday for the first time in more than a month, but some former workers say they won’t be looking for new jobs in the industry. Milovan Danielou said he decided to start looking for a new job during the province’s second closure of restaurant dining rooms in…
Berkshire Hathaway Says It Has Added 12,000 Jobs
Berkshire Hathaway Inc., run by billionaire Warren Buffett, said on Friday its workforce has grown by about 12,000, recovering some jobs it lost earlier in the COVID-19 pandemic. The Omaha, Nebraska-based insurance and investment company said its dozens of businesses now have about 372,000 employees, up from 360,174 at the end of 2020. Berkshire had…
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