With its current pace of development, artificial intelligence (AI) has the potential to replace millions of jobs rather than simply automating specific tasks, according to an executive coaching firm, with the report coming out amid a tightening of the labor market. Chicago-based Challenger Gray asked OpenAI’s popular chatbot, “What jobs can ChatGPT replace?” to which…
AI Will Replace Nearly Five Million American Jobs: Challenger Gray Report
US Job Market Adds Less Jobs in March: ADP Report
The number of jobs added in March in the United States as well as the increase in pay have started to decrease, according to a business report from ADP. Private sector employment increased by 145,000 jobs in March, and annual pay was up 6.9 percent year over year, according to the March ADP National Employment…
Volkswagen’s Skoda Would Cut 3,000 Jobs If ‘Euro 7’ Implemented in Current Form
PRAGUE—Czech carmaker Skoda would have to cut 3,000 jobs and axe some models if the European Union’s “Euro 7” emissions scheme is implemented in its current form, a Skoda board member warned in a TV debate on Sunday. The proposed Euro 7 law, which EU countries and lawmakers will start negotiating this year, would tighten…
Jobs Prints at 311,000, but Economy Still on Track for Recession in Third Quarter 2023
March 10, 2023
admin
bank ratesBusiness & MarketsBusiness Columnistseconomic policieseconomyFederal Reserve PolicyjobsJobs Datajobs reportrecessionUSUS News
0 Comment
Commentary New jobs created printed at 311,000 on Mar. 10, according to the Establishment Survey, far exceeding market expectations of 205,000 jobs. The Household Survey printed lower at 150,000. Net revisions were down 34,000 from December and January. The overwhelming majority of jobs were in the lower-wage sector, and job losses occurred in some of…
S&P 500 Barely Gains as Investors Eye Upcoming Jobs Data, Rate Hikes
The S&P 500 index closed slightly higher while the Dow dipped on Wednesday as investors grappled with mixed messages from Federal Reserve Chair Jerome Powell and U.S. economic data ahead of upcoming labor and inflation reports that are expected to determine the central bank’s future rate hiking path. In his second day of testimony to…
Walmart to Close 3 US Tech Hubs, Relocate Staff
Walmart Inc. will close three of its U.S. technology hubs, asking hundreds of workers to relocate to keep their jobs, a company spokesperson told Reuters on Monday. Nearly all technology employees across the company would be expected to work in their offices for at least two days a week, added Robert Munroe, Walmart’s director of…
Robust January Jobs Report Contradicts Bank of Canada Assessment
News Analysis Canada’s January jobs report showed considerable strength in a number of areas; however, private sector economists’ forecasts got it completely wrong, as did the Bank of Canada, resulting in another hit to the central bank’s credibility, says a former chief economic analyst at Statistics Canada. “They’ve had trouble with the labour markets throughout…
Report: Texas Tops Nation in Oil and Gas Production, Jobs
February 13, 2023
admin
jobsLNGoil and gasoil productionRegional & State NewsState NewsTexasTexas Comptroller Glenn HegarTexas gasTexas oilUSUS News
0 Comment
Texas is the top oil and natural gas producer and industry employer, according to a new report. The state also ranked highest in the country in industry wages, payroll, and Gross Regional Product (GRP). GRP is the Gross Domestic Product (GDP) for a region of study. As the country’s top oil producer, Texas supplied more…
UPS Cutting Back on Some Jobs as Teamster Labor Talks Loom
LOS ANGELES—United Parcel Service on Monday confirmed it is taking steps to reduce its workforce in regions where delivery demand has softened, a comment that comes days after a local union reported that the company had begun nationwide layoffs of some drivers. With the move, UPS joins rival FedEx and other major transportation companies in…
Lockdown-Fuelled Fear Keeping People at Home Is Contributing to Rising Joblessness, UK MPs Told
The boss of a major UK recruitment agency told MPs that people suffering from health problems including anxiety and fear about leaving their homes linked to lockdown restrictions are contributing to rising unemployment. MPs on the Work and Pensions Committee were told on Wednesday that post-COVID-19, the economically inactive are reluctant to work “in busy…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`