Amazon.com Inc. said on Thursday it would hire 150,000 employees in full-time, seasonal, and part-time roles across its operations in the United States ahead of the upcoming holiday season. The world’s largest online retailer, which hired the same number of workers last year September, said the new roles are for packing, picking, sorting, and shipping…
Job Creation Numbers Beat Forecasts, Fresh Sign of Tight Labor Market
Job creation numbers slightly beat forecasts in September, but the U.S. labor market showed signs of tightening. Demand for workers remains strong, despite another increase in interest rates and weakening financial conditions, according to ADP’s National Employment report for September, released on Oct. 5. ADP, the payroll services firm, jointly compiles the jobs report with…
Americans Looking for Extra Work to Cope With Rising Inflation: Survey
Millions of Americans are working at side hustles or gig jobs due to economic challenges over the past two and a half years, according to recent survey by workforce service platform Bluecrew. As unemployment rates began to recover from the pandemic and Americans returned to work, inflation rates began to soar to the highest level in…
Ford to Invest $700 Million, Add 500 Jobs at Louisville Truck Plant
LOUISVILLE, Ky.—Ford will invest $700 million mainly at its Kentucky Truck Plant in Louisville, creating about 500 new jobs over the next four years. The company made the announcement Tuesday after a state board approved incentives for Ford’s investment in the state. Most of the money will go to retool the truck plant, which makes…
Cabinet Unsure If Canada’s $510 Million Investment in Chinese Infrastructure Bank Created Jobs
Cabinet says it’s unclear if any jobs were created after Canada made a $510 million investment in Beijing’s Asian Infrastructure Investment Bank (AIIB), documents show. “The Government of Canada is aware of five Canadian firms having signed contracts as part of the Bank’s corporate procurement,” cabinet wrote in a report introduced in the Senate at…
Inflation, Stock Market Meltdown Force More Retirees to ‘Unretire’
The Great Resignation or the Great Unretirement? A growing number of older Americans are “unretiring” as a cost-of-living crisis, a bear market on Wall Street, and rising interest rates send more people back to the labor market under the stress of diminished living standards. During the COVID-19 public health crisis, the U.S. economy witnessed a…
1.3 Million Jobs Were the Result of Double-Counting This Year, Says Heritage Economist
The monthly U.S. jobs reports have topped market estimates many times this year. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively, higher than what many economists and analysts had initially projected. White House officials have taken victory laps on the employment data, noting that these numbers are…
Capitol Report (Sept. 2): Political Fallout After Biden Speech; Full List of Items From Mar-a-Lago Raid
September 2, 2022
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President Joe Biden called “MAGA Republicans” a threat to democracy. What is the president now saying about Trump supporters, and how is the White House explaining the backdrop of Thursday’s speech? Reacting to the president’s speech from Thursday night, we have Texas Congressman Louie Gohmert and president of the Convention of States Mark Meckler. Hiring…
Jobs Report Signals Continued Rate Hikes, But…
Commentary August jobs printed at 315,000 new jobs, somewhat above the consensus estimate of 300,000 jobs. It was more than 200,000 fewer jobs than were created in both July 2022 and August 2021. June and July revisions combined to create 107,000 fewer jobs than were previously reported. It is generally believed that 200,000–250,000 jobs are required…
US Economy Adds 315,000 New Jobs, Unemployment Rate Rises in Sign of Slowing Labor Market
The U.S. labor market could be showing signs of slowing down after the economy added 315,000 new jobs in August, down from 528,000 in July. According to the Bureau of Labor Statistics (BLS), the unemployment rate edged higher to 3.7 percent. Economists had forecast a gain of 300,000 new jobs and a jobless rate…
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