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The U.S. labor market extended a streak of strong hiring in March, recording another month of job growth even as decades-high inflation, supply chain imbalances and Russia’s war in Ukraine raised concerns over the economic outlook. The Labor Department reported Friday that non-farm payrolls rose by 431,000 in March. Payroll gains were shy of the 490,000 jobs Bloomberg economists had forecast employers would add and below last month’s blowout tally of 678,000 but still marked an increase… Source link

The market’s most closely watched part of the yield curve inverted Friday, and if its record over the last half-century is any indicator, the U.S. could be headed for a recession soon. But others say the Federal Reserve’s unprecedented firefight with high inflation makes this yield curve inversion different from those of decades’ past. On Friday, the yield on the 10-year U.S. Treasury bond ended the day at 2.38%, 6 basis points below the 2-year U.S. Treasury yield of 2.44%. This… Source link

Shut down for two years due to COVID-19, festivals like Coachella and Stagecoach are finally making their comebacks — but the return of live events comes with a new set of hurdles as labor shortages, supply chain backlogs, and rising costs rock an industry that’s in the midst of a recovery. “We lost over half our staff to other industries,” said Daniel Nickleski, the COO of Illinois-based festival, concert and event production company Sound Works Production. The executive explained that… Source link

My phone has been blowing up lately. Yes, I have dozens of fans — I call them Howley’s Wolf Pack — but that’s not who texts me at all hours of the day and night. No, I’ve been getting texts from numbers telling me a delivery I never ordered has been lost. Or for products that will, confusingly, “enhance our sluggishness.” Yep, I’m talking about spam texts. And lately my phone has been inundated by them. And chances are yours has too. It’s not just an annoyance either. Spam… Source link

If jobs and wages told you everything you need to know about the U.S. economy, we’d be in a golden age. Employers added 431,000 new jobs in March, a muscular pace of hiring that shows no sign of abating. Job creation is averaging 562,000 new jobs per month so far this year, and 565,000 new jobs per month since President Biden took office in 2021. At this rate, the economy will exceed pre-pandemic levels of employment by summer. The unemployment rate dropped from 3.8% to 3.6% and is also on… Source link

SALT LAKE CITY — Despite the ridicule Los Angeles Lakers star Russell Westbrook has received in his first season with the franchise, one constant the guard has provided is availability. Westbrook has been in the lineup in all but one of the team’s 76 contests. His lone absence was an early February game in Portland due to lower back tightness. The Los Angeles native admitted it has been a trying experience for him and his family as he has been scolded by fans and media for what he would… Source link

With the labor market continuing to be super competitive, the baseline for hourly wages may be approaching $20 if companies want to attract badly needed talent, said one economist. “I am starting to see a willingness to hit the $18 an hour mark. I am kind of looking at that more as maybe where companies start to come in on a regular basis,” said Emsi Burning Glass chief economist Ron Hetrick on Yahoo Finance Live. “You had companies like Amazon who set the standard there. I think everybody… Source link

A labor drive at an Amazon (AMZN) warehouse on Staten Island narrowly won a historic union election on Friday, establishing the first U.S. union in the company’s 28-year history and intensifying a nationwide surge of organizing across major companies like Starbucks (SBUX) and Disney (DIS). As of early Friday afternoon, the union was poised for victory with a margin of nearly 500 votes. The National Labor Relations board said on Friday that the union and Amazon had challenged 66 ballots,… Source link

Is there a budding bromance between Tesla CEO and U.S. Labor Secretary Walsh? We wouldn’t go that far, but at least the two global influencers met at last. Musk gave Walsh a tour of Tesla’s new Gigafactory in March. The tour came after Walsh said on Yahoo Finance Live he welcomed a call from the EV titan. “We had a good conversation,” Walsh said on Yahoo Finance Live. The meeting marks the first public olive branch by the Biden administration to connect with the outspoken Musk, which is fresh… Source link

Chip giant Intel (INTC) is bringing the heat to rivals Nvidia (NVDA) and AMD (AMD) with the launch of the company’s Arc graphics chips. And it could turn the graphics chip industry upside down, not to mention help consumers like you and me. Intel has been teasing its Arc graphics since 2021 as an alternative to Nvidia’s and AMD’s offerings for customers who are looking for solid graphics capabilities for both gaming and content creation. The company will eventually release a slate of… Source link