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Nationally, the unemployment rate is low, at 4.2%. But it’s much higher in some parts of the country than others.
Starbucks is just one corporate example moving from a merit-based system to an across-the-board 2% raise.
A new report by MIT found that businesses are mostly not replacing humans with AI, although they are using AI to reduce outsourcing.
LinkedIn, Indeed, and similar companies get paid for listing jobs. What happens when the jobs dry up?
Experts say low job growth is the predictable result of immigration and tariff policies.
Job cut announcements rose 29% in July from the previous month, according to outplacement firm Challenger, Gray & Christmas.
Many of the gains came in leisure and hospitality jobs.
Survey data from The Conference Board shows Americans are feeling better about the economy than they were earlier in the year, but concerns about the job market linger.
Private sector employment fell last month, but wage growth is still on the rise. The unemployment rate is fairly low by historical standards.
Labor costs are a big component of the cost of services, and consumer spending on services accounts for nearly half of this economy.
