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February's rising unemployment rate is actually a positive sign, economists say

Mar 10, 2023
Growth in the number of people looking for work means the unemployment rate is rising for the right reasons, one economist says.
"People think this is a good time to be searching for a job," said Gus Faucher of PNC Financial Services Group.
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One route to avoiding layoffs? "If businesses accept lower profit margins," said Wells Fargo economist Sarah House.
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Even as layoffs abound, jobless claims are falling

Mar 7, 2023
Many workers laid off from tech jobs are finding new ones fast.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
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As the pandemic wanes, where's the market for massive online learning?

Feb 23, 2023
Some platforms have laid off employees, citing the need for sustainable growth.
The pandemic forced a corporate shift to online training platforms. And that may stick, now that employees are used to learning on their own terms.
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Big layoffs grab our attention, but plenty of hiring is happening too

Feb 16, 2023
The hospitality industry, for example, is on a hiring binge.
Leisure and hospitality was the leading sector for jobs growth in January, and employment in those industries is still below what it was pre-pandemic.
Bryan R. Smith/AFP via Getty Images

Disney “leans in” to existing franchises

Feb 9, 2023
Because if people liked a "Frozen 2," wouldn’t they like a "Frozen 3?"
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For public good, not for profit.

Business economists seem a little more optimistic, survey finds

Jan 23, 2023
A majority still think the country is headed for a recession. But the majority's shrinking.
A little more than half of economists surveyed by the National Association for Business Economics expect a recession, down from about two-thirds in October.
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Layoffs are up, first-time jobless claims are down. What gives?

Jan 23, 2023
The job market is still tight, so many who've lost jobs rejoin the workforce fast. Others aren't eager to deal with the unemployment insurance system.
Layoffs have so far been concentrated in the tech sector, but the overall unemployment trend has remained near decade-lows.
Eblis/Getty Images

How companies decide to lay off workers

Jan 5, 2023
Layoffs are often one of the first ways companies cut costs. But they don’t take them lightly because there’s a lot at stake, not least employee goodwill and public image.
Amazon is beginning layoffs again after starting staff cuts in November. The layoffs are impacting roughly 5% of Amazon's workforce.
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