untitled design (83)
The U.S. job market remained strong in February with employers adding 151,000 jobs, according to the Labor Department. However, the unemployment rate edged up to 4.1%, and signs of trouble are emerging.
Health care, construction, and manufacturing sectors saw job growth, but the federal government announced the layoff of 10,000 positions. Wages rose by 4% compared to last year.
So, on one side when wages are increasing the side layoffs are happening. The outplacement firm Challenger, Gray & Christmas reported that more than 172,000 job cuts were announced in February..
The private sector is also feeling the squeeze. Many Fortune 500 companies have announced layoffs, citing concerns over tariffs, trade uncertainties, and slowing growth forecasts.
“This is a significant spike in layoffs,” said Andrew Challenger, the firm’s senior vice president. “It’s surprising and something to watch closely.”
As the Trump administration pushes for major workforce reductions, experts warn that further job losses could create economic instability in the months ahead.
For years, smartphone makers promised DSLR-level photography in your pocket. Most came close, but not close enough for people who… Read More
For one weekend in Greece, Taylor Swift managed to do something nearly impossible in the social media era: attend a… Read More
What started as a luxury expedition cruise has turned into an international health crisis. Passengers on the MV Hondius, a… Read More
The King of Pop is moonwalking back into the spotlight, and audiences can’t seem to get enough. Despite mixed-to-poor reviews… Read More
After more than a decade behind the desk at The Late Show with Stephen Colbert, Stephen Colbert is preparing for… Read More
For 176 graduating students at North Carolina State University, commencement day turned into something far bigger than a celebration of… Read More
This website uses cookies.
Read More