Breaking down the August jobs report that has economists talking – CBS News Watch CBS News The U.S. economy added 22,000 jobs in August — well below expectations. Kelly O’Grady has more. Source link
When Federal Reserve Chair Jerome Powell on Friday opened the door to cutting interest rates for the first time in nearly a year, he noted the tremors beginning to shake a main pillar of the U.S. economy: the labor market. Concerns about the pace of job growth were heightened earlier this month after government data showed a…
Federal Reserve Chairman Jerome Powell signaled that the central bank might lower interest rates soon, which could reduce monthly credit card payments and facilitate borrowing for cars and homes, but he warned of economic challenges ahead.”In the near term, risks to inflation are tilted to the upside and risks to employment, to the downside. A…
Brandyn Frye feels squeezed by two businesses trending in opposite directions — data centers such as one he manages outside Chicago hum along with soaring demand for workers to keep them running. “Everything in here needs service — tech support, HVAC support, electricians,” Frye said. But the supply of technical support he needs available 24/7…
Trump explains why he fired Bureau of Labor Statistics Commissioner, outlines new tariff rates – CBS News Watch CBS News President Trump explained why he fired Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday. Government data showed fewer jobs were added to the U.S. economy last month than expected. Source link
The U.S. job market, already showing the strain from global trade tensions, is showing early signs of another critical issue facing workers today: artificial intelligence. In July alone, rising adoption of generative AI technology by private employers accounted for more than 10,000 job cuts, according to a report released this week by Challenger, Gray…
Reporter’s Notebook: Examining the 4-day workweek – CBS News Watch CBS News A recent study from Boston College found that, when done right, the four-day work week can benefit employees and employers alike. “CBS Evening News” co-anchor John Dickerson examines the study and what the future of work could look like. Be the first to…
China has come up with a unique solution to address work-related anxiety and depression in burnt-out employees – a “Dislike Going to Work” clinic. This clinic in Hebei province in northern China has gained widespread attention from social media users across the globe. How did this clinic come into existence? The “Dislike Going to Work”…
A Chinese woman with a master’s degree in film directing from the UK who now works as a part-time restaurant waiter in Beijing says she is not ashamed of her job choice because she is still chasing her acting dream. Yu Shutian, 29, returned to China at the end of 2021 after obtaining her degree…
Reporter’s Notebook: The debate over how AI will change work – CBS News Watch CBS News There is fear surrounding the uncertainty of how the rapidly developing world of artificial intelligence will impact the workforce — whether it will threaten jobs or boost productivity. But in Reporter’s Notebook, “CBS Evening News” co-anchor John Dickerson takes…