Economists say policy is suppressing growth
Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to research by the Economic Policy Institute. This trend has often …
unemployment
Video game maker Activision Blizzard laying off hundreds of California workers – The Mercury News
Video game maker Activision Blizzard Inc. will soon lay off nearly 400 people in its in mobile gaming divisions in Santa Monica and Irvine, eliminating redundancies among its staff following …
Why more men are dropping out of the workforce
Men have been steadily dropping out of the workforce, especially men ages 25 to 54, who are considered to be in their prime working years. According to the U.S. Bureau …
Friday’s jobs report for August is going to be huge. Here’s what to expect
Andreypopov | Istock | Getty Images Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor Department puts out a …
Gold ticks lower as dollar, yields firm after inflation report
Gold softened on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for weekly and monthly gains as a September …
New waves of Cisco layoffs surface as tech job cuts worsen in Bay Area
SAN JOSE — Fresh waves of job cuts have surfaced at Cisco Systems, which will chop dozens more workers in San Jose as tech companies slash hundreds of positions in …
The world will not be without work
In 1983, Wassily Leontief, a Nobel Prize-winning economist, concluded that human labour would go the way of the horse after the automobile arrived – “first diminished and then eliminated.” Today, …
Cops Seize Lamborghini Huracán From Man Who’s Been On Unemployment Since 2019
Image: Lamborghini Abuse of things like unemployment exploded the last few years, especially during the pandemic. This abuse isn’t just specific to the U.S. either it seems. A man in …
Nonfarm payroll growth revised down by 818,000, Labor Department says
The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark revisions …
In major policy shift, Singapore announces unemployment support scheme
Singapore’s new Prime Minister Lawrence Wong makes a speech after being sworn in at the Istana in Singapore on May 15, 2024. Edgar Su | Afp | Getty Images SINGAPORE …