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Fed Finds Comfort in Cooler Job Growth and Wage Increases
Inflation, Money Matters Jennifer Joslyn 5/5/24 Inflation, Money Matters Jennifer Joslyn 5/5/24

Fed Finds Comfort in Cooler Job Growth and Wage Increases

On Friday, Federal Reserve officials breathed a sigh of relief as April’s job data revealed a cooling in wage growth and hiring rates that hark back to pre-COVID-19 days.

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Decline in Formal Education Requirements Reflects Changing Employer Attitudes
Human Resources, Money Matters Jennifer Joslyn 2/28/24 Human Resources, Money Matters Jennifer Joslyn 2/28/24

Decline in Formal Education Requirements Reflects Changing Employer Attitudes

New research from Indeed reveals a significant shift in job postings, indicating a decline in the requirement for formal education qualifications.

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Strong Job Growth and Wage Increases Continue in U.S. Economy Amidst Rising Interest Rates
Inflation, Money Matters Jennifer Joslyn 2/2/24 Inflation, Money Matters Jennifer Joslyn 2/2/24

Strong Job Growth and Wage Increases Continue in U.S. Economy Amidst Rising Interest Rates

In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.

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UPS Plans to Cut 12,000 Jobs in Cost-Saving Effort Amid Revenue Decline
Company Culture, High Tech / High Touch Jennifer Joslyn 1/30/24 Company Culture, High Tech / High Touch Jennifer Joslyn 1/30/24

UPS Plans to Cut 12,000 Jobs in Cost-Saving Effort Amid Revenue Decline

UPS is set to cut 12,000 jobs in a cost-saving move aimed at reducing expenses by $1 billion.

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Amazon Initiates Job Cuts in Prime Video and MGM Studios Divisions
Human Resources, Money Matters Jennifer Joslyn 1/10/24 Human Resources, Money Matters Jennifer Joslyn 1/10/24

Amazon Initiates Job Cuts in Prime Video and MGM Studios Divisions

Amazon is undergoing layoffs in its Prime Video and MGM Studios divisions, with hundreds of employees affected.

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GM Announces Layoffs at Michigan Plants Amid Restructuring and EV Transition
Sales, Money Matters Jennifer Joslyn 12/16/23 Sales, Money Matters Jennifer Joslyn 12/16/23

GM Announces Layoffs at Michigan Plants Amid Restructuring and EV Transition

General Motors (GM) is laying off 1,314 workers at two Michigan plants, including one that produced the discontinued Chevy Bolt EV.

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Cruise Sheds 900 Jobs and Refocuses Strategy Amid Challenges, While Waymo Expands
Artificial Intelligence, High Tech / High Touch Jennifer Joslyn 12/15/23 Artificial Intelligence, High Tech / High Touch Jennifer Joslyn 12/15/23

Cruise Sheds 900 Jobs and Refocuses Strategy Amid Challenges, While Waymo Expands

Cruise, the robotaxi company, has announced the layoff of 900 employees following the firing of nine executives amid the fallout from an October incident involving a pedestrian.

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Hasbro Cuts 1,100 Jobs Amidst Sales Slump as Mattel Shines with Barbie
Money Matters, Sales Jennifer Joslyn 12/12/23 Money Matters, Sales Jennifer Joslyn 12/12/23

Hasbro Cuts 1,100 Jobs Amidst Sales Slump as Mattel Shines with Barbie

Hasbro, known for Monopoly and Play-Doh, is cutting 1,100 jobs, approximately 20% of its workforce, due to disappointing sales ahead of the holiday season.

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Private Sector Job Growth Slows in November, Wages Stagnate
Human Resources, Money Matters Jennifer Joslyn 12/6/23 Human Resources, Money Matters Jennifer Joslyn 12/6/23

Private Sector Job Growth Slows in November, Wages Stagnate

Private sector job creation in November continued to slow, with companies adding 103,000 workers, slightly below October's 106,000 and missing estimates.

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US Job Openings Plummet to 8.7 Million in October, Stirring Concerns for Fed's Interest Rate Policy
Inflation, Money Matters Jennifer Joslyn 12/5/23 Inflation, Money Matters Jennifer Joslyn 12/5/23

US Job Openings Plummet to 8.7 Million in October, Stirring Concerns for Fed's Interest Rate Policy

In October, job openings in the United States decreased significantly to 8.7 million, marking the lowest level since March 2021, according to the Labor Department.

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US Job Growth Slows in October as Auto Strikes Impact Manufacturing Payrolls
Human Resources, Money Matters Jennifer Joslyn 11/5/23 Human Resources, Money Matters Jennifer Joslyn 11/5/23

US Job Growth Slows in October as Auto Strikes Impact Manufacturing Payrolls

In October, U.S. job growth decelerated partly due to strikes by the United Auto Workers (UAW) against major Detroit car manufacturers, resulting in a drop in manufacturing payrolls.

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Private Sector Job Growth slowed sharply in September, Marking the Slowest Pace Since 2021
Human Resources, Money Matters Jennifer Joslyn 10/5/23 Human Resources, Money Matters Jennifer Joslyn 10/5/23

Private Sector Job Growth slowed sharply in September, Marking the Slowest Pace Since 2021

In September, U.S. companies added only 89,000 jobs, well below the expected 153,000 and a significant drop from August's revised 180,000.

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US Trucking Jobs Dip Below October 2022 Levels After Revisions and Declines
Behind the Wheel, Driver Issues Jennifer Joslyn 8/8/23 Behind the Wheel, Driver Issues Jennifer Joslyn 8/8/23

US Trucking Jobs Dip Below October 2022 Levels After Revisions and Declines

The US truck transportation jobs declined in both June and July, marking the first back-to-back monthly drops since the pandemic began.

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Resilient U.S. Job Market Defies Recession Predictions Amid Cooling Conditions
Inflation, Money Matters Jennifer Joslyn 8/7/23 Inflation, Money Matters Jennifer Joslyn 8/7/23

Resilient U.S. Job Market Defies Recession Predictions Amid Cooling Conditions

The job market in the United States has shown signs of cooling over the summer, but it remains strong enough to dispel fears of a recession despite higher interest rates.

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June Services Economy Shows Growth, Marking Sixth Consecutive Month of Expansion
Human Resources, Money Matters Jennifer Joslyn 7/11/23 Human Resources, Money Matters Jennifer Joslyn 7/11/23

June Services Economy Shows Growth, Marking Sixth Consecutive Month of Expansion

The latest ISM Report on Business reveals that the services economy experienced growth in June, marking the sixth consecutive month of expansion.

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US Employment Growth Slows in June, Nonfarm Payrolls Rise by 209,000
Human Resources, Money Matters Jennifer Joslyn 7/10/23 Human Resources, Money Matters Jennifer Joslyn 7/10/23

US Employment Growth Slows in June, Nonfarm Payrolls Rise by 209,000

US employment growth slowed in June, with nonfarm payrolls increasing by 209,000, lower than the expected growth of 240,000.

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Transition in the Job Market as the Great Resignation Subsides
Human Resources, Money Matters Jennifer Joslyn 6/15/23 Human Resources, Money Matters Jennifer Joslyn 6/15/23

Transition in the Job Market as the Great Resignation Subsides

The Great Resignation, a trend characterized by a surge in job resignations amid the pandemic, is coming to an end as the job market stabilizes.

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Surprising Surge in US Job Growth as Economy Adds 339,000 New Positions in May
Human Resources, Money Matters Jennifer Joslyn 6/5/23 Human Resources, Money Matters Jennifer Joslyn 6/5/23

Surprising Surge in US Job Growth as Economy Adds 339,000 New Positions in May

US job growth defied expectations in May, with employers adding 339,000 jobs, surpassing the forecasted 190,000 jobs.

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American workforce grows with the addition of 236,000 jobs
Human Resources, Money Matters, Inflation, Shortages, Hot Spots Jennifer Joslyn 4/10/23 Human Resources, Money Matters, Inflation, Shortages, Hot Spots Jennifer Joslyn 4/10/23

American workforce grows with the addition of 236,000 jobs

Despite the nine interest rate hikes imposed by the Federal Reserve over the last year, American employers have added over 236,000 new jobs.

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Number of Job Openings Drops Below 10 Million
Money Matters, Inflation Jennifer Joslyn 4/5/23 Money Matters, Inflation Jennifer Joslyn 4/5/23

Number of Job Openings Drops Below 10 Million

For the first time in nearly two years, the number of available job positions fell by 632,000 compared to the previous month.

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