Tag Archives: jobs

U.S. payrolls recorded a stunning jump in January despite a record number of Americans calling in sick from work as the Omicron variant spread rapidly across the country at the start of the year. The Labor Department reported Friday that non-farm payrolls surged by 467,000 for the month, an upside surprise from what experts expected. Economists surveyed by Bloomberg forecasted payroll growth of 125,000, and the highest prediction was 250,000 jobs added. Other figures in this latest workforce… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, February 3, 2022 Omicron wave retreats, leaving wreckage in its wake Like a strong tide that crashes into a beach shore before it washes back out to sea, the Omicron variant of COVID-19 — which has spent months buffeting the global economy — is mercifully in retreat. But it’s leaving some debris in its wake. On Wednesday, we learned… Source link

Stock futures opened higher Thursday evening as investors looked ahead to a key report on the U.S. labor market recovery at the end of a volatile week. Contracts on the S&P 500, Dow and Nasdaq gained as the overnight session began.   On Friday, investors are set to receive the Labor Department’s December jobs report, providing an update on the extent to which labor supply shortages were still impacting the economy at the end of last year. Economists expect to see more than 400,000 non-farm… Source link

The titanic, albeit controversial legacy of late Apple (AAPL) co-founder Steve Jobs drew renewed interest this week when the tech giant became the first company to reach a market capitalization of $3 trillion. The feat owes in no small part to the development of the iPod and iPhone — both overseen by Jobs — which shaped the behavior of billions of people across the globe in how they listen to music and connect with loved ones. In a new interview, former Apple engineer Tony Fadell — who’s… Source link

Former United Airlines CEO Oscar Munoz is sticking with his long-time peers in the airline industry that safety is a top priority during the pandemic, even if that means you have to wear a mask on a plane or employees must be vaccinated.  Shared Munoz on Yahoo Finance Live, “This is an industry where no good deed goes unpunished. There are so many viewpoints that it is hard to sort of measure everything. At United — which is all I can speak of with my successor and all those folks — the… Source link

Stock futures rose Friday morning as traders eyed the Labor Department’s October jobs report, which showed a better-than-expected pick-up in payroll growth and another improvement in the unemployment rate.  Contracts on the S&P 500 advanced. A day earlier, the blue-chip index rallied to a record high, logging a sixth straight record close as technology stocks advanced. The Nasdaq also jumped amid the broad move higher in tech shares, while the Dow closed lower for the first time in six… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, November 5, 2021 How the vaccine mandate could be making the job crunch worse With jobless claims hitting a new pandemic-era low and the October jobs report on tap for Friday morning, it’s worth revisiting a theme the Morning Brief recently explored. Namely, are looming vaccine mandates helping or hurting a labor crunch that’s still… Source link

For 25 years, Plug Power (PLUG) has quietly nudged the U.S. towards hydrogen fuel cell technology. Now, its stars are starting to line up. The hydrogen fuel company announced a string of new partnerships and a major acquisition at its annual symposium Thursday, riding on the momentum of a global push to accelerate the adoption of clean energy. Driving the initiatives is a larger push by the company to churn out 500 tons per day of liquid green hydrogen in the U.S. by 2025 and establish 13 green… Source link

Now is the time to hit your boss up for a raise — or even look for a new job, says one economist.  “Worker power is so high right now. That leverage is there because of the tight labor market,” Glassdoor Senior Economist Daniel Zhao told Yahoo Finance Live. “Demand for workers is still red hot.” “Now is a good time to ask for that raise or to even ask for more benefits or more flexibility in the work arrangements,”said Zhao. “Employers right now are not just raising wages, they’re also… Source link

Stock futures opened higher Thursday evening, extending gains as investors awaited a key report on the labor market’s recovery. Contracts on the S&P 500 ticked up after the index logged a third straight session of gains during Thursday’s regular trading day. The move to the upside came after Senate leaders said they reached an agreement on raising the government borrowing limit into December, helping avert a default as soon as this month.  With concerns over the government debt ceiling… Source link