College grad unemployment surges as employers replace new hires with AI – CBS News Watch CBS News The unemployment rate for new college graduates has recently surged. Economists say businesses are now replacing entry-level jobs with artificial intelligence. Ali Bauman has the story. Be the first to know Get browser notifications for breaking news, live…
The June jobs report that beat expectations – CBS News Watch CBS News The June jobs report beat expectations, with more than 140,000 new positions added last month. The unemployment rate declined to 4.1%. But there is more to the numbers than just the headline. Jo Ling Kent explains. Be the first to know Get…
Employers across the U.S. added 147,000 jobs in June, with the labor market remaining resilient despite slowing economic growth this year. The numbers Job growth was stronger than expected in June. Payroll gains sailed past the 115,000 predicted by economists polled by financial data firm FactSet. The unemployment rate ticked down to 4.1% from 4.2% in…
(Bloomberg) — China’s economy surprised with signs of improvement even as deflationary pressures persisted and employment weakened, throwing fresh doubt over the likelihood of further monetary stimulus by Beijing in the face of higher US tariffs. Most Read from Bloomberg Factory activity and construction had their strongest month of the second quarter in June, according…
China’s factory activity improved for a second month but remained in contraction, as trade rebounds after the ceasefire in the tariff war with the US while weak domestic demand weighs on the economy. The official manufacturing purchasing managers’ index was 49.7 in June, versus 49.5 in the previous month, slightly exceeding the median estimate in…
On June 15, 2025, Kering announced that Luca de Meo will become its next CEO, effective mid‑September. This appointment of Luca de Meo – the executive best known for turning around French automaker Renault – comes amid a challenging period for Kering: its stock is down about 70 percent from three years ago, its key…
Hong Kong police have received more than 40 reports of scams on e-commerce platform Carousell in the past week, with fraudsters using phishing links to swindle victims out of HK$4.6 million (US$586,900), including one vendor who lost nearly HK$650,000 while trying to sell throat lozenges. The force said on Wednesday that a woman who sold…
Surprising new data about the labor market for young adults – CBS News Watch CBS News Graduation season is in full swing, with the hope of promising careers ahead. A new report by Tallo, which helps recent graduates navigate their career paths, shows connecting to those dream jobs can be difficult. Tallo CEO Allison Danielsen…
The gap between what Americans earn and how much they need to bring in to achieve a basic standard of living is growing, according to a new report. The analysis, from the Ludwig Institute for Shared Economic Prosperity (LISEP), looks beyond whether people can afford daily necessities like food and shelter to consider whether they…