The launch of QuickHire was spurred by the pandemic, but it’s really been years in the making. Angela Muhwezi-Hall, 32, first thought of the idea in 2017 when she was working as a college and ca...
Tag: Jobs
Peloton CEO John Foley to step down, transition to executive chair as company cuts 2,800 jobs, says report
John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall...
More gains likely ahead of Swiss jobs data
The USD/CHF price continued its bullish trend on Monday morning as investors focused on the strong American jobs data. The pair is trading at 0.9261, which is about 0.92% above the lowest level last w...
Cryptocurrencies spike, Bitcoin tops $40K after January jobs data
January’s blockbuster jobs data was just the tonic a battered cryptocurrency market needed, with the data sparking a furious 10% intraday rally in Bitcoin (BTC-USD) that took the digital token a...
Stocks rise after jobs report shows surprise jump in payrolls
Stocks shook off earlier losses to mostly rise Friday afternoon even as investors viewed a much stronger-than-expected jobs report as bolstering the case for the Federal Reserve to continue down its m...
Here’s where the jobs are for January 2022 — in one chart
Despite a spike in omicron Covid-19 cases, U.S. employers managed to add over 450,000 jobs last month thanks to robust hiring at restaurants and bars, retailers and mail and parcel delivery workers. T...
Stocks Jump After U.S. Economy Adds Back 467,000 Jobs In January
Topline The stock market jumped on Friday while bond yields surged after the U.S. economy added back a much higher-than-expected 467,000 new jobs in January, a sign to investors that the Federal Reser...
Payrolls show surprisingly strong gain of 467,000 despite omicron surge
Job growth rose far more than expected in January despite surging omicron cases that seemingly sent millions of workers to the sidelines, the Labor Department reported Friday. Nonfarm payrolls surged ...
US Jobs Report Exceeds Expectations: What Does it Mean for Bitcoin?
According to recent figures, the U.S. added 467,000 new jobs in January alone, despite worries about Omicron leaving various businesses short-staffed. Bitcoin traded slightly lower following the revea...
Long-term unemployment tumbles in January
A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Long-term unemployment fell significantly in January, con...
What stocks to buy after the strong jobs report for January?
The U.S. added 467,000 jobs in January, more than thrice as much as economists had predicted, reported the Bureau of Labour Statistics on Friday. Saira Malik’s remarks on CNBC’s ‘Squ...
Stocks Fall, Bond Yields Surge After U.S. Economy Adds Back 467,000 Jobs In January
Topline The stock market fell on Friday while bond yields surged after the U.S. economy added back a much higher-than-expected 467,000 new jobs in January, a sign to investors that the Federal Reserve...
U.S. Added Back 467,000 New Jobs In January—But Unemployment Rate Ticked Up To 4%
Topline Despite a record wave of Covid-19 cases, the U.S. added back a surprisingly strong 467,000 new jobs in January, performing much better than experts were expecting in a report that’s likely to ...
USD/CAD forecast ahead of US and Canada jobs data
The USD/CAD pair has been in a tight range recently as investors reflect on the surging crude oil prices, weaker US dollar, and the upcoming Canadian jobs data. It is trading at 1.2680, which is about...
U.S. Lost 301,000 Private Jobs Amid January’s Omicron Surge—The Worst Monthly Showing Since 2020
Topline After a stronger-than-expected showing in December, private U.S. employers posted their worst monthly job growth in more than a year on Wednesday, according to payroll processor ADP, one of th...
What next after the mixed NZ jobs data?
The NZD/USD pair held steady on Wednesday morning as investors reacted to the latest New Zealand jobs numbers. The pair is trading at 0.6647, which is significantly higher than last week’s low of 0.65...
Near-Record 4.3 Million Americans Quit Jobs In December As Layoffs Hit Lowest Level Ever
Topline Though the number of layoffs hit a record low in December, the number of Americans quitting their jobs remained near record territory, the Bureau of Labor Statistics reported Tuesday, further ...
Wage growth may be slowing from ‘breakneck’ pace
A Now Hiring sign hangs in front of a Winn-Dixie grocery store on Dec. 3, 2021 in Miami. Joe Raedle | Getty Images The rapid pace of pay increases that characterized the labor market for much of last ...
Obamacare plans are more affordable, helping the Great Resignation
Workers are quitting their jobs in record numbers – part of what is now called The Great Resignation. Around 4 million workers have quit each month between July and November 2021. Erica Leman had main...
JPMorgan Executives Ousted in a $200 Million Probe Land New Jobs
(Bloomberg) — Wall Streeters shuddered as the news broke last year that U.S. regulators were examining whether bank employees were using personal phones to text about business with each other an...
How The North Face is moving to compete with Patagonia
The global outdoor apparel market is a $12 billion industry. For more than a half century The North Face has competed in the space, outfitting mountain climbers and skiers. But the outdoor recreation ...
Here’s what to consider before taking a pay cut
Drakula & Co. | Moment | Getty Images The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work. That’s prompted many to quit jobs ami...
Diversity among financial planners improved in 2021 — but it still lags
The Good Brigade | DigitalVision | Getty Images Diversity among financial planners improved in 2021 though the industry remains one that leans heavily toward white men, according to statistics issued ...
Real estate billionaire Sam Zell says office space will recover ‘much faster’ than retail
Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, property billionaire Sam Zell told CNBC on Tuesday. “Everything between the top m...
What’s driving the spike in air rage incidents
There were more than 5,700 reports of air rage on U.S. airlines in 2021 compared with a typical year of about 100 to 150 cases. The surge in problem flyers is causing headaches for carriers, passenger...
Here are 3 things to know about unemployment claims
A job seeker receives information from a recruiter during a job fair in Miami, Florida, on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images The number of people filing for unemployment be...
Meet the ‘Covid expats’ who moved overseas during the pandemic
Jasmina007 | E+ | Getty Images LONDON — Moving overseas might not seem like the most obvious thing to do during a pandemic, but for many people, Covid-19 provided the nudge they needed to take the plu...
AUD/USD forecast after the strong Australian jobs data
The AUD/USD tilted higher on Thursday morning after the latest Australian jobs data. The pair is trading at 0.7237, which was slightly higher than this week’s low of 0.7175. Australia jobs data The Au...
GBP/USD pressured ahead of UK jobs and inflation data
The GBP/USD pair came under intense pressure as the political circus in the United Kingdom continued. It is trading at 1.3653 ahead of the latest UK jobs, inflation, and retail sales numbers. Boris Jo...
The Jobs Report Reveals a Booming Labor Market. Here’s Where Interest Rates Are Headed.
Text size President Joe Biden speaking about the January jobs report. Saul Loeb/AFP/Getty Images Good news for Main Street, not so good news for Wall Street. Once again, a booming labor market is like...