Sign Up Now!

Sign up and get personalized intelligence briefing delivered daily.


Sign Up

Articles related to "jobs"


The percentage of Americans who are employed has fallen from 61 to 51

  • The percentage of Americans who are employed sits at just over 50%, according to the Bureau of Labor Statistics' employment-population ratio.
  • The figure plunged to 51.3% in April (the lowest level on record) and edged up to 52.8% in May. The backdrop: The ratio was as high as 61.2% in January, but has fallen precipitously since coronavirus-induced lockdowns shuttered businesses across the United States.
  • What it means: While the BLS' jobs report categorizes people as "employed," "unemployed" or "out of the labor force," the employment-to-population ratio simply captures those who are and are not employed.

save | comments | report | share on


US companies added 2.37 million jobs in June, fewer than economists expected, ADP says - Business Insider

  • ADP's employment report released Wednesday showed that US private payrolls grew by 2.37 million in June, less than the 2.8 million that economists surveyed by Bloomberg expected.
  • In addition, ADP revised its May numbers to show that US companies added 3.07 million jobs during the month, where the report had previously said private payrolls declined by 2.76 million.
  • Trade and transportation gained 288,000 payrolls, and construction also added 394,000 jobs during June.
  • These three industries accounted for about 70% of all jobs added in the month, said Yildirmaz.
  • Still, job gains weren't universal — natural resources and mining, information, and management of companies and enterprises industries shed jobs in June, according to the report.
  • The private payroll data is a precursor to the June jobs report, scheduled to be released Thursday.

save | comments | report | share on


US companies added 2.37 million jobs in June, fewer than economists expected, ADP says - Business Insider

  • ADP's employment report released Wednesday showed that US private payrolls grew by 2.37 million in June, less than the 2.8 million that economists surveyed by Bloomberg expected.
  • In addition, ADP revised its May numbers to show that US companies added 3.07 million jobs during the month, where the report had previously said private payrolls declined by 2.76 million.
  • Trade and transportation gained 288,000 payrolls, and construction also added 394,000 jobs during June.
  • These three industries accounted for about 70% of all jobs added in the month, said Yildirmaz.
  • Still, job gains weren't universal — natural resources and mining, information, and management of companies and enterprises industries shed jobs in June, according to the report.
  • The private payroll data is a precursor to the June jobs report, scheduled to be released Thursday.

save | comments | report | share on


America's job market is starting to recover. But don't hold your breath

  • New York (CNN Business) - Economists expect another month of record job growth in America as the economy is getting on its long path to recovery from the pandemic lockdown.
  • While the expected improvement is certainly good news, America would still be down 16.6 million jobs since February -- even after two consecutive record months of job growth.
  • Another 1.4 million first-time claims for unemployment benefits are expected for the week ending June 27.
  • Continued claims, which count workers who filed for benefits at least two weeks in a row, are expected to be 19 million -- half a million less than in the prior week.
  • When the lockdown began, economists were optimistic that most of those who lost their jobs would be able to return to work quickly as the economy reopened.

save | comments | report | share on


NAFTA is officially gone. Here's what has and hasn't changed

  • The new agreement was signed by Trump and his Mexican and Canadian counterparts in 2018 and approved by Congress earlier this year after Democrats added stronger labor rules.
  • But the deal provides certainty for business groups and farmers who feared Trump would rip up NAFTA without having a new deal in place, a move he threatened several times.
  • It also requires more vehicle parts to be made by workers earning at least $16 an hour, which may provide a boost to manufacturing in the United States, where wages are higher than in Mexico.
  • Manufacturing workers have long blamed NAFTA for sending jobs to Mexico, where wages are lower, and it was a priority for Democrats that the USMCA strengthen the enforcement of labor rules, creating a more level playing field for American workers.

save | comments | report | share on


The economy is falling apart but Wall Street had its best quarter in decades

  • New York (CNN Business) - It has been a rough quarter for the US economy, with the country plunging into a pandemic-fueled recession.
  • Yet the stock market is alive and kicking -- in fact, it's having its best quarter in more than 20 years.
  • The buoyant rally came on the coattails of a dramatic selloff in the market in March, when the pandemic lockdown began.
  • But investors were optimistic about the summer thanks to the gradual reopening of the economy -- which began as early as April in some states -- as well as unprecedented monetary and fiscal stimulus left investors optimistic about the summer.
  • Over the past weeks, infection rates in parts of the country surged higher and have left some states to pause their reopening plans.
  • These worries weighed on the market on some days but were often outweighed by hopes for more stimulus money from Washington.

save | comments | report | share on


Indian ride-hailing giant Ola adds tipping option to its app globally

  • The Indian ride-hailing giant said on Tuesday that it has rolled out this feature to its users in India, Australia, New Zealand, and the United Kingdom — all the nations where it currently operates.
  • All of Ola’s 2.5 million driver partners globally — from those who operate two-wheelers to four — can receive tips, the nine-year-old ride-hailing giant said.
  • The addition of this feature comes as Ola looks to broaden its efforts to help its driver partners who have been financially hit in recent weeks after New Delhi and several other governments across the globe enforced a lockdown to contain the spread of the coronavirus.
  • It rolled out the tipping feature to its users in India early this year.
  • Ola said last month it was cutting 1,400 jobs, or 35% of its workforce in India.

save | comments | report | share on


Freedom Foods CEO resigns

  • Freedom Foods is searching for a new managing director after long-serving boss Rory Macleod resigned less than a week after the departure of chief financial officer Campbell Nicholas.
  • The Freedom Foods board, led by chairman Perry Gunner, said on Tuesday it had accepted Mr Macleod's resignation as managing director and chief executive on Monday night.
  • Mr Macleod went on leave last Wednesday, a day after the unexpected resignation of Mr Nicholas, who was chief financial officer and company secretary.
  • Their departures threw the cereals, snacks and drinks business into turmoil and triggered an investigation into accounting and reporting shortfalls.
  • The board has been forced to intervene in the company's operations and has hired Ashurst and PwC to investigate its financial position, including potential accounting discrepancies and inventory levels.
  • CEO Rory Macleod resigned on Monday night, less than a week after the departure of CFO Campbell Nicholas.

save | comments | report | share on


Spectre of shutdowns returns as US hospitals near crisis levels

  • Washington | States and cities across America are pausing or reversing plans to reopen their battered economies as a surge in COVID-19 cases threatens to overwhelm hospitals across the country's south.
  • Record infection numbers are being recorded across several states, including Florida, Arizona, Texas and California, where the caseload in Los Angeles Country is rising by more than 2000 a day.
  • There was a dramatic uptick last week in daily new cases, from fewer than 20,000 to more than 46,000, with many of those infections being reported among younger people in the country's south and west.
  • As in New York at the outset of the pandemic in March, fears are growing about the ability of hospital systems to cope, particularly in Texas and Florida where intensive care units are filling fast.

save | comments | report | share on


One in three jobs back as restrictions ease

  • The total number of payroll jobs increased 0.2 per cent in the first week of June and did not rise in the second week of the month, the Australian Bureau of Statistics numbers show.
  • Since mid-May, employment is 1 per cent higher, according to the ABS data, which draws on Australian Taxation Office payroll statistics.
  • The easing of business restrictions imposed to slow the spread of the virus helped jobs for people aged under 20 recover faster, Tuesday's payroll data show.
  • Despite some early recovery, payroll jobs in accommodation and food services are down 28.6 per cent and 23.9 per cent lower in arts and recreation.
  • Jobs in accommodation and food services such as restaurants came back faster than other work in other industries as social bans eased, but ABS data show the jobs recovery has slowed overall.

save | comments | report | share on