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Us Job Market

Is it fair to pay foreign workers less? Co-founder of this US firm says yes

Franco Pereyra, co-founder, COO of Near sparked an online debate by claiming that the less pay for third-world countries employees is justifiable. However, people denied and countered the narrative

Is it fair to pay foreign workers less? Co-founder of this US firm says yes
Updated On : 24 Dec 2024 | 4:35 PM IST

US job growth up in November as Boeing workers return, hurricanes over

Based on the November estimate, job growth would be trending around 145,000 over the past three months, which economists said was consistent

US job growth up in November as Boeing workers return, hurricanes over
Updated On : 06 Dec 2024 | 10:44 AM IST

US job openings rose last month, hiring slowed, in mixed picture for market

The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Openings rose 5% to 7.7 million from 7.4 million in September, the Labour Department said Tuesday. The increase suggests that job gains could pick up in the coming months. Still, the latest figure is down significantly from 8.7 million job postings a year ago. Last month, job openings rose sharply in professional and business services, a category that includes engineers, managers, and accountants, as well as in the restaurant and hotel and information technology industries. The number of people quitting their jobs rose in October, a sign of confidence in the job market. And layoffs tumbled to just 1.6 million below the lowest figures in the two decades that preceded the 2020 pandemic. Taken as a whole, Tuesday's figures suggest that the job market might be stabilising at a modest level, with hiring

US job openings rose last month, hiring slowed, in mixed picture for market
Updated On : 04 Dec 2024 | 7:31 AM IST

Vivek Ramaswamy sees massive cuts for contractors in effficiency push

Ramaswamy didn't single out any contractors, and isn't clear yet how the efficiency drive will be structured

Vivek Ramaswamy sees massive cuts for contractors in effficiency push
Updated On : 18 Nov 2024 | 9:12 AM IST

Vivek Ramaswamy indicates massive federal government job cuts in US

Entrepreneur-turned politician Vivek Ramaswamy, who along with Tesla owner Elon Musk has been nominated in-charge of the Department of Government Efficiency, has indicated a massive cut in federal government jobs in the United States. "Elon Musk and I are in a position to start the mass deportations of millions of unelected federal bureaucrats out of the DC bureaucracy. That, too, is how we're going to save this country," Ramaswamy, an Indian American, said at an event in Mar-a-Lago in Florida on Thursday. "I don't know if you've got to know Elon yet, but he doesn't bring a chisel. He brings a chainsaw. We are going to be taking it to that bureaucracy. It's going to be a lot of fun, he said. We've been taught to believe over the last four years that we have become a nation in decline, that we're at the end of the ancient Roman Empire. All we have is to fight over the scraps of some shrinking pie. I don't think we have to stay as that nation in decline. I think with what happened las

Vivek Ramaswamy indicates massive federal government job cuts in US
Updated On : 16 Nov 2024 | 9:40 AM IST

US job growth likely steady in Sept, unemployment rate expected at 4.2%

The labour market, however, is likely to experience some brief turbulence after Hurricane Helene devastation

US job growth likely steady in Sept, unemployment rate expected at 4.2%
Updated On : 04 Oct 2024 | 10:15 AM IST

US weekly jobless claims rise moderately on low layoff, slow labour market

Government data last week showed nonfarm payrolls increasing by less than expected in August but the unemployment rate falling to 4.2 per cent from 4.3 per cent in July

US weekly jobless claims rise moderately on low layoff, slow labour market
Updated On : 12 Sep 2024 | 7:21 PM IST

US job openings fall to 3.5-year low in July on labour market slowdown

Job openings, a measure of labor demand, had fallen by 237,000 to 7.673 million on the last day of July, the lowest level since January 2021

US job openings fall to 3.5-year low in July on labour market slowdown
Updated On : 04 Sep 2024 | 8:19 PM IST

BOJ highlights rising wage pressure from structural changes in job market

The findings back up the central bank's argument that broadening inflationary pressures warrant raising interest rates

BOJ highlights rising wage pressure from structural changes in job market
Updated On : 20 Aug 2024 | 1:07 PM IST

Oil prices slide more than $2 as investors digest weak US job data

U.S. job growth slowed more than expected in July as unemployment increased to 4.3 per cent, pointing to possible weakness in the labor market and greater vulnerability to recession

Oil prices slide more than $2 as investors digest weak US job data
Updated On : 02 Aug 2024 | 10:59 PM IST

US unemployment rate hits 4.3% in July as job growth slows considerably

The employment report also showed increase in annual wages last month was smallest in more than three years, effectively sealing the case for the U.S. central bank to cut interest rates in September

US unemployment rate hits 4.3% in July as job growth slows considerably
Updated On : 02 Aug 2024 | 7:46 PM IST

US job openings edge lower in June, labour resilience underpinning economy

Job openings have been steadily declining since hitting a record 12.182 mn in March 2022 as demand moderates in response to the Federal Reserve's aggressive interest rate hikes

US job openings edge lower in June, labour resilience underpinning economy
Updated On : 30 Jul 2024 | 10:23 PM IST

US weekly jobless claims jump amid seasonal volatility, loose labour market

A loosening labour market and ebbing inflation position the Federal Reserve to cut interest rates in September, with financial markets anticipating additional cuts in November and December

US weekly jobless claims jump amid seasonal volatility, loose labour market
Updated On : 18 Jul 2024 | 9:26 PM IST

Moderate slowdown in US job, unemployment rate likely to be unchanged

Economists said this could allow the Fed to let the economy to run a little stronger before cutting rates

Moderate slowdown in US job, unemployment rate likely to be unchanged
Updated On : 05 Apr 2024 | 9:46 AM IST

US job growth: Payrolls seen hitting at least 200,000 for a fourth month

Average hourly earnings are projected to climb 4.1 per cent from the same month last year, the smallest annual advance since mid-2021

US job growth: Payrolls seen hitting at least 200,000 for a fourth month
Updated On : 31 Mar 2024 | 7:32 AM IST

US job growth surpass expectations in December; wages rise solidly

Average hourly earnings rose 0.4% in December after gaining 0.4% in the prior month. That raised the year-on-year increase in wages to 4.1% from 4.0% in November

US job growth surpass expectations in December; wages rise solidly
Updated On : 05 Jan 2024 | 7:52 PM IST

US job openings rise slightly to 9.6 mn, sign of strength in job market

Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the US job market remains strong even as the US Federal Reserve attempts to cool the economy. Layoffs fell to 1.5 million from 1.7 million in August, more evidence that workers enjoy an unusual degree of job security. The number of Americans quitting their jobs a sign of confidence they can find better pay elsewhere was virtually unchanged. The September openings are down from a record 12 million in March 2022 but remain high by historical standards. Before 2021 when the American economy began to surge from the COVID-19 pandemic monthly job openings had never topped 8 million. Unemployment was 3.8 per cent in September, just a couple of ticks above a half century low. Openings were up by 141,000 at hotels and restaurants, which have struggled to attract and keep workers since the COVID-19 pandemic struck in early 2020. The Federal Reserve's inflation fighters would like to see

US job openings rise slightly to 9.6 mn, sign of strength in job market
Updated On : 01 Nov 2023 | 9:57 PM IST

US job openings top all forecasts as white-collar positions jump in August

The number of available positions increased to 9.61 million from a revised 8.92 million in July, the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey, or JOLTS

US job openings top all forecasts as white-collar positions jump in August
Updated On : 03 Oct 2023 | 10:04 PM IST

US companies added more jobs in July than expected, up 324,000: ADP

Wage growth continued to decelerate. Workers who stayed in their jobs experienced a 6.2% pay increase in July from a year ago, the slowest since November 2021

US companies added more jobs in July than expected, up 324,000: ADP
Updated On : 02 Aug 2023 | 7:24 PM IST

US economy adds 236,000 jobs in March amid signs of market cooling

The jobless rate for March slid slightly to 3.5 per cent from February's 3.6 per cent, the data showed

US economy adds 236,000 jobs in March amid signs of market cooling
Updated On : 08 Apr 2023 | 2:03 PM IST