Canada, a country that’s relying heavily on immigration as an economic driver, is scaling back on its ambitions with a planned reduction in temporary residents after the influx exacerbated housing shortages. The country will set a target for temporary resident arrivals for the first time later this year, with the goal of reducing the number … Read more
As widespread layoffs continue to sweep the tech industry, many workers are looking beyond Silicon Valley for their next step. In 2022, Nancy Correa’s life took an unexpected turn when suddenly, like so many others, she was out of a job. “I was part of the first round of the layoffs this tech company did, … Read more
Employers hired at a solid pace in December, capping a year of steady gains for a job market that continues to defy expectations and remains a bright spot in a gradually cooling economy. The U.S. economy added 216,000 jobs last month with most industries increasing employment, the Labor Department reported Friday. That was larger than … Read more
I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the upcoming US employment report. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. While … Read more
Economists did not believe it was possible, but they’ve been wrong a lot lately, and in their defense it has only ever happened once (or maybe twice) before: We may be witnessing that rare achievement known as a soft landing. The US Federal Reserve’s latest forecast expects the inflation rate to slide back down to … Read more
The US labor market strengthened in November with pickups in employment and wages, deflating hopes the Federal Reserve will cut interest rates early next year. The acceleration in payrolls is at odds with recent reports that have depicted a softer hiring pace, an outcome favored by the Fed as it will help rein in demand … Read more
The labor market proved unexpectedly solid in November, with both payrolls and pay increasing — elevating hopes of a soft landing for the U.S. economy. Nonfarm payrolls rose 199,000 last month and the unemployment rate fell to 3.7%, the Bureau of Labor Statistics reported on Friday. The monthly job additions exceeded expectations, which had economists … Read more
29 November 2023 Amid turbulent times in the staffing industry, successful companies will be the ones that have the talent. However, that talent might not all be human, according to John Nurthen, Staffing Industry Analysts’ executive director of global research. There will be six key topics of turbulence in coming years including technology, … Read more
MIAMI – A growing number of Americans are working multiple jobs just to make ends meet. The latest jobs report from the US Department of Labor showed nearly 8.4 million people had multiple jobs in October. That’s the highest number since the start of the pandemic. Women appear to be leading that trend. The federal … Read more
Listen to this article Where the Fair Labor Division of the Attorney General’s Office cited an employer for violations of the meal break law (G.L.c. 149, §100) affecting a total of 620 adult employees, the citations must be vacated because the Legislature intended to limit civil enforcement of the meal break law to minors. “… … Read more