UPS, Amazon and Job Market
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The Federal Reserve cut its benchmark interest rate by a quarter percentage point Wednesday, because the central bank is more concerned about the job market than it is with battling inflation.
At the same time, Canada’s population growth has slowed dramatically following the federal government’s decision to reduce immigration targets, a move that is beginning to stabilize both the housing and labour markets, according to TD Economics.
Employers across the U.S. cut nearly 950,000 jobs this year through September, the largest number of layoffs since 2020, according to outplacement firm Challenger, Gray & Christmas. Job cuts could surpass more than 1 million in 2025, the group forecast.
Investing.com -- BlackRock said historic rally in gold, despite its reputation as a haven, reflects stronger risk appetite across markets as investors respond to Federal Reserve rate cuts and easing labour conditions in the United States.
Amazon (AMZN) announced on Tuesday that it will be laying off 14,000 corporate workers. This comes a day after Reuters initially reported that firings could reach up to 30,000 roles. As part of Opening Bid's panel of expert guests and reporters,
The survey’s so-called labor-market differential, which measures the gap between the percentage of consumers who say jobs as “plentiful” and the percentage who say jobs are “hard to get” rose to 9.4 in October from 8.7 in the prior month.
Hospital labor expenses steady in August with ongoing wage pressures, highlighting staffing challenges and regional cost variations in U.S. healthcare.
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July 14 (Reuters) - Britain's labour market cooled sharply and the number of people available for work jumped at the fastest pace since the COVID-19 pandemic, according to data that is likely to back up the Bank of England's plan to stay on its interest ...
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