January 5, 2024
“…Private payrolls increased by 164,000 for the month, a substantial rise from the downwardly revised 101,000 in November and better than the 130,000 estimate from the Dow Jones consensus, according to the payrolls processing firm… There were only a few… Continue Reading…
January 1, 2024
“A new piece of research has found 39% of employees who have been with a company for less than six months plan to leave within the next 12 months, a six point increase from last year… One interesting trend is that a… Continue Reading…
November 14, 2023
“…The company has embraced a flexible work strategy, allowing managers and their teams to determine their own work arrangements. As such, Allstate has slashed more than half of its real estate, selling its Northbrook, Ill., headquarters in 2022. Some 99% of its 54,000… Continue Reading…
November 6, 2023
“Citigroup’s managers and consultants working on CEO Jane Fraser’s reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process… Last month, Citi said it would cut… Continue Reading…
November 3, 2023
“Toyota will invest an additional $8 billion in the hybrid and electric vehicle battery factory it’s constructing in North Carolina, more than doubling its prior investments and expected number of new jobs, the company announced Tuesday. The Japanese automotive manufacturer… Continue Reading…
November 3, 2023
“Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low end of prior guidance. The firm’s Denmark-listed shares had fallen… Continue Reading…
October 6, 2023
“U.S. Treasury yields rose Friday, with the 10-year nearing a 16-year high after the latest jobs data came in stronger than economists anticipated. The yield on the 10-year Treasury was up by nearly 13 basis points at 4.839%. It had hit a fresh… Continue Reading…
October 3, 2023
“…The latest Job Opening and Labor Turnover Survey, or JOLTS report, released Tuesday revealed there were 9.6 million jobs open at the end of August, an increase from the 8.92 million job openings in July. Economists surveyed by Bloomberg had expected there… Continue Reading…
August 30, 2023
“…The firm reported Wednesday that private employers added 177,000 jobs in August, well below the revised total of 371,000 added in July. Economists surveyed by Dow Jones were expecting 200,000 jobs added in August. ADP also reported that pay growth… Continue Reading…
July 7, 2023
“Hiring slowed but remained sturdy in June as U.S. employers added 209,000 jobs despite inflation, high interest rates and nagging recession fears. Still, that’s the weakest showing since employers shed jobs in December 2020. The unemployment rate fell from 3.7% to 3.6%, the Labor Department… Continue Reading…
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