(Bloomberg) — The Federal Deposit Insurance Corporation added a few new employees to its payroll late Friday, taking on workers from shuttered SVB Financial Group, at least for a few weeks, as i...
Tag: employment
68% of Americans couldn’t cover their living expenses for even a month if they lost their job, survey finds. The good news? Now is the best time in years to fix that.
The median amount of cash saved by Americans under the age of 35, not including retirement funds, was just $3,240 last year, according to government data. istock Recession — and layoff — fears loom la...
One laid-off tech worker’s odyssey: 5 months, 25 interviews, 100 job applications
At times, Todd Erickson’s search for a tech job felt more like an odyssey. But after five months, about 100 job applications and more than two dozen interviews with recruiters and companies — includin...
Diverging World – Strong Labour Markets May Force The Fed To Hike Rates Further
NEW YORK – OCTOBER 07: A trader works on the floor of the New York Stock Exchange October 7, 2008 … [+] in New York City. Despite a government debt buyout plan, the Dow continued to fall t...
No wonder Powell didn’t commit to extra hikes. Here are five reasons the January jobs report may be too good to be true.
Traders took heart that Fed Chair Jerome Powell, when he wasn’t being questioned by David Rubinstein on how he gets by on $190,000 per year, didn’t commit on Tuesday to having to be even more aggressi...
Job Numbers Keep Climbing, Sinking Chances of Rate Cuts
What did you know and when did you know it? If one were to pose that Watergate-era question to Federal Reserve Chairman Jerome Powell, on the issue of whether he gets an advance peak at key economic d...
Treasury yields jump after surge in U.S. job growth
Treasury yields jumped Friday, erasing what had been weekly declines for 2- and 10-year notes, after a much stronger-than-expected U.S. January jobs report clouded investor expectations for the Federa...
Employment cost index undershoots expectations; Labour costs likely peaked
The Federal Funds Rate is arguably the most powerful economic instrument at the disposal of policymakers. Despite the accelerated tightening in 2022, the unemployment rate has stayed at historic lows ...
Employment cost index Q4 2022:
Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a baromete...
Coinbase Forced to Release 1,000 More People from Employment
It looks like Coinbase – a popular digital currency exchange in North America – just can’t catch a break. After getting sued by customers and then having to engage in a settlement with the New York At...
Why H1B Visas Suck And 7 Best Alternatives To Choose From
The H1-B work visa is the main way America attracts foreign workers to come to the USA today. But it … [+] is outdated. getty There are good reasons why America’s H-1B visa program for foreign w...
Employment Remains Strong And Inflation Is Receding In Spite Of Recession Fears
Getty Images Key takeaways: The American economy is doing well when we look at unemployment and inflation numbers. But the stock market isn’t – reminding us that the two are not the same. While there ...
Walmart Has a Unique Solution to Retail’s Biggest Problem
The covid 19 pandemic had a massive effect on almost every industry you can name. When it came to consumer goods, even if making the product was still possible during stay-at-home orders, virtually e...
JPMorgan Chase, Bank of America and Wells Fargo earnings show the good, the bad and the ugly of people’s finances. So how are they holding up?
Friday’s wave of big-bank earnings gives an important glimpse into Americans’ finances amid high prices, rising interest rates and recession worries. At first glance, most consumers appear to be keepi...
If There Is A Recession In 2023, Some Cities Could Take A Decade To Recover
NEW YORK, NEW YORK – SEPTEMBER 08: A person wearing a protective face mask walks by a going out of … [+] business sign displayed outside a retail store in midtown as the city continues Pha...
The ‘best job in America’ pays over $120,000 a year — and offers a low-stress, healthy work-life balance
We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary. In 2023, in ...
Dow surges 700 points Friday, S&P 500 snaps four-week losing streak after employment report shows wage gains cooled in December
U.S. stocks ended sharply higher Friday, with the Dow jumping 700 points, after an employment report showed wage gains slowed in December. The report fueled hopes that the Federal Reserve’s interest r...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...
Financial markets ignore elephant in the room: December’s 223,000 job gains
Stocks and bonds rallied in response to Friday’s jobs data showing modest wage growth for December, while investors looked past a stronger than expected 223,000 rise in nonfarm payrolls. Friday’s pric...
Dow ends down nearly 350 points after jobs data, hawkish Fed comments hammer stocks
U.S. stock indexes ended another choppy session in the red on Thursday as investors digested a fresh batch of labor-market data and hawkish commentary from Federal Reserve officials, while looking ahe...
Tech layoffs continue but don’t let that fool you, employment remains strong
In a letter to staff on Wednesday, Salesforce, the US software company, announced it was cutting 10% of its workforce. The cut corresponds to close to 8,000 jobs. Salesforce stock rose 3% on the news....
Stock-market investors face 3 recession scenarios in 2023
With the U.S. stock market on track for its biggest annual decline in over a decade, fears that efforts by the Federal Reserve and other major central banks to bring down a surge in inflation will spa...
Dow up over 350 points, stocks rebound after jobless claims data deemed ‘welcome news for the Fed’
U.S. stocks advanced on Thursday afternoon, erasing losses from earlier in the week during the second-to-last trading session of the year. The main indexes built on premarket gains after U.S. weekly j...
Crypto employment reaches record high despite crypto winter
The crippling crypto winter has necessitated massive layoffs across all industry sectors. But despite those, the employment rate has hit a record high this year. Crypto winter not slowing down Web3 pr...
If You’re Jobless, Here’s Where You Might Want to Move
Much has been made of the labor shortage plaguing American businesses. You may have seen it yourself, say, in a restaurant where your meatloaf got cold because not enough waitstaff was working. Person...
Republican Rep.-Elect George Santos May Have Falsified His Employment, Educational, Philanthropic History, Report Finds
Topline Republican Rep.-Elect George Santos (N.Y.) may have fabricated nearly his entire resume, according to a New York Times investigation that found no records to support Santos’ claims about his e...
California’s New Fast-Food Employment Council Will Stifle Opportunity In The Golden State
McDonald’s is testing new ordering kiosks at a working restaurant at the company’s Oak Brook, … [+] Illinois headquarters. (Photo by Ralf-Finn Hestoft/Corbis via Getty Images) Corbis...
Strong Economic Data Weaken the Case for Continued Stock Rally
The dash for trash has hit a speed bump. Stocks faltered again this past week as the early-year rally, led by rebounds in 2022’s speculative-grade losers, ran into resistance from higher expected inte...