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Economy

“Job creation roars back in October as payrolls rise by 531,000”

“The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones… Continue Reading…

Economy

“Job openings soar to 10.9 million as companies struggle to fill positions”

“The department’s Job Openings and Labor Turnover Survey, which the Federal Reserve watches closely for signs of slack in employment, showed 10.9 million positions open. That was much higher than the FactSet estimate of 9.9 million and the June total… Continue Reading…

Business, Economy

“Why Are So Many Americans Leaving Their Jobs Right Now?”

“A Microsoft survey of more than 30,000 global workers showed that 41% of workers were considering quitting or changing professions this year. Among all sectors, retail has had the most resignations. Almost 650,000 retail workers quit just in April, according… Continue Reading…

Economy

“Job openings surge above 10 million for first time ever, Labor Department says”

“There were 10.1 million open jobs on the final day of June, the report said, up from 9.2 million in May. Economist polled by Dow Jones were expecting 9.1 million openings. The jump came as the quits rate increased while… Continue Reading…

Economy

“Iceland’s four-day work week trial was a triumph for all”

“The trial, which started in 2015 and involved more than 2,500 workers, showed that reducing work hours was overwhelmingly positive for people in a range of workplaces, while productivity remained about the same or improved in some cases. Parents said… Continue Reading…

Economy, Stocks

“S&P 500 hits another record high after better-than-expected June jobs report”

“Futures contracts tied to the major U.S. stock indexes rose slightly on Friday as the June jobs report beat expectations, putting Wall Street on track to post a solid week of gains across the board. Contracts tied to the Dow… Continue Reading…

Economy

“U.S. job openings, quits hit record highs in April”

“Job openings, a measure of labor demand, increased by 998,000 to 9.3 million on the last day of April, the highest level since the series began in December 2000. Vacancies rose in all four regions and were spread across nearly… Continue Reading…

Stocks

“Dow rises 250 points amid better-than-expected jobs data, Boeing shares jump”

“The Dow Jones Industrial Average jumped 250 points. The S&P 500 rose 0.3% and the Nasdaq Composite traded near the flatline. Shares of Boeing advanced 4% on optimism about an economic recovery. It looks like gains for the overall market… Continue Reading…

Economy

“April jobs report: Payrolls rose by 266,000, sharply missing estimates, as unemployment rate increased to 6.1%”

“The Labor Department released the April jobs report Friday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus data compiled by Bloomberg: Non-farm payrolls, April: +266,000 vs. +1.000 million expected and a revised +770,000… Continue Reading…

Economy

“KFC looks to hire 20,000 workers as restaurant industry faces labor crunch”

“Fast-food chains typically hire tens of thousands of workers in time for the summer months, which are among the busiest for the sector. This year, the hiring announcements arrive as restaurants report a shortage of willing workers. The labor crunch is… Continue Reading…