Gen Z turning down high-paying jobs for workplaces with perks
It's 2024 and for Gen Z, a high salary alone isn't always enough to get them to accept a job offer. They want perks too. A new survey of more than 27,000 workers by recruitment firm Randstad found that 39% of Australian workers would not take a job if it did not offer the benefits […]
GOP senators demand answers after grim revision says US added 818K fewer jobs
A group of Republican senators is demanding an explanation for how President Biden's Labor Department overstated the number of new jobs created over the past year after the department issued its preliminary downward revision to U.S. employment data for the biggest time since 2009. Revised figures from the Bureau of Labor Statistics released Wednesday suggested […]
Immigrant hotel owners say NYC bill that bans outsourcing jobs would ‘destroy’ their American Dream
A new group of South Asian immigrant hoteliers is speaking out against proposed legislation they say would “destroy” New York’s hospitality industry and undermine their American dream. The Indian Americans behind the New York City Minority Hotel Association, which owns about 120 non-union hotels, mostly in suburban Manhattan, are opposed to a controversial plan that […]
Wall Street analysts blast feds over botched release of jobs revision report
Wall Street analysts slammed the federal government this week for releasing the biggest downward revision to employment numbers in 15 years, botching the release in the process and causing turmoil in the stock and bond markets. The Bureau of Labor Statistics was scheduled Announces annual “Interim Benchmark Revision” Wednesday at 10 a.m. Eastern time. The […]
The US added 818,000 fewer jobs this year than originally estimated
The labor market was less strong than expected, with employment falling by 818,000. (iStock ) of The U.S. Bureau of Labor Statistics recently The U.S. saw 818,000 fewer payrolls over the past 12 months (through March) than previously expected. The -0.5% difference was reported in the provisional estimates for the annual revision of the BLS […]
How the Migrant Surge Likely Drove That Huge Jobs Revision
Big downward revisions to employment numbers may be exaggerated due to immigration surge The U.S. labor market may not be as weak as a big downward revision to the Labor Department’s employment report this week would suggest. On Wednesday, the Bureau of Labor Statistics released its monthly employment report. Employment growth was overestimated by approximately […]
Biden’s commerce secretary ridiculed for saying she’s not ‘familiar’ with damaging jobs report, blames Trump instead
Commerce Secretary Gina Raimondo was mocked and ridiculed over her response to Wednesday’s grim jobs report. Raimondo was interviewed by ABC News from the Democratic National Convention when she was asked about revisions that showed the number of U.S. jobs had been overstated by nearly 1 million over the past year. She instead accused former […]
Commerce Secretary Gina Raimondo Says She Doesn’t Believe Official Government Jobs Numbers
Commerce Secretary Gina Raimondo said Wednesday she doesn’t believe the big revisions to the official jobs numbers because she’s only heard them from President Donald Trump. “I’m curious what you think about the Department of Labor announcing today that more than 800,000 fewer jobs were actually created than originally reported,” said ABC News correspondent Kayna […]
GM slashing over 1K salaried jobs at software, service units
General Motors said Monday it was laying off more than 1,000 full-time employees across its software and services divisions around the world. GM confirmed the job cuts, first reported by CNBC, in a statement saying, “As we build GM’s future, we need to simplify for speed and excellence, make bold choices and prioritize investments that […]
UAW President Portrays Kamala Harris as Working Class Hero Despite Her Green Agenda Risking U.S. Auto Jobs
In his speech at the Democratic National Convention this week, United Auto Workers President Sean Fain portrayed Vice President Kamala Harris as a “fighter for the working class.” But Harris’ green energy policies paint a different picture: They put millions of jobs in America’s auto industry and millions more in the industries that support it […]