Free Republic

Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Big Tech is slashing jobs—half a million and counting. And it’s blaming artificial intelligence. A new study by Layoffs.fyi reports that layoffs in the tech industry have exceeded 100,000 so far this year —and keep in mind that the year’s only half over. That’s on top of 212,000 tech layoffs last year. And 165,000 in 2022. Recent layoffs include Microsoft and Facebook, which each cut 10,000 jobs. Cisco dropped 4,000, Intuit 1,800. Even Amazon and Apple are laying off. Part of this is...

The other day, I was tooling around at the grocery store and, in line to check out, I noticed a clothes hamper in the shopping cart in front of me. I thought it was pretty nice. I said so to the person pushing the cart.Yes, I know it is awkward to strike up such conversations but I’m glad I did. I quickly found that the shopper was not buying for himself but for a customer of Instacart, an online ordering service. He was working and shopping as a customer himself.Intrigued, I asked other questions. He has a university degree, recently...

The United States and our allies have a waning opportunity to preserve peace through strength. But we must be willing to do something that was just some years ago unthinkable: combat the true engine of our enemies’ power, the Chinese economy. Chinese Communist Party Secretary General Xi Jinping has undertaken "the largest military buildup since World War II," in the words of former Indo-Pacific Command head Adm. John Aquilino. Xi has also fortified the Chinese economy against international sanctions and told his generals to prepare for war. Simultaneous with a robust policy of military deterrence, America and our allies must...

As many as 4 in 10 companies say they have posted a job listing this year that doesn't exist, while 3 in 10 say they're currently advertising for a role that isn't real, according to a May survey of over 600 hiring managers from the career site Resume Builder. Tim Paradis, future-of-work correspondent for Business Insider, joins CBS News to explain why some companies are doing this, and how you can spot the fake postings.

The uptick in the June unemployment rate along with significant downward revisions in the job additions for April and May are the latest signs that the economy may be slowing down under high Federal Reserve interest rates. The Friday numbers from the Labor Department showed the unemployment rate increasing to 4.1 percent in June from 4 percent in April, the third month in a row of 0.1-percentage point increases. Jobs added to the economy in May were revised down to 218,000 from 272,000 and in April to 108,000 from 165,000. While the economy added a healthy 206,000 jobs in the...

Billionaire Illinois Gov. JB Pritzker failed to deliver jobs promised for black workers in the emerging cannabis and green energy industries, an economic advocacy group said in a scathing report. Pritzker – considered a potential replacement for President Joe Biden at the top of the Democratic ticket – will be hosting the Democratic National Convention on his Chicago turf in August. “Governor Pritzker wants the DNC to celebrate his leadership of the state. However, it would be an injustice to do so without acknowledging the deteriorating state of affairs for Black communities, especially in Chicago,” said Darius Jones, senior advisor...

Tech companies and startups overhired, overspent, and overpromised — so what they’re doing now that the money isn’t coming as easily should be no surprise. Since 2022, the industry has laid off over 528K workers, echoing the downturns of the Dotcom Bubble and the Great Recession. Even with an improving economy and record stock valuations, jobs aren’t returning. This time, things might really be different.Peak software: ADP reports that the US employs fewer software developers than pre-pandemic — with a 17% drop since 2018. Job opportunities in traditionally stable tech fields are also drying up as software companies’ growth slows...

The number of continuing applications for unemployment benefits hit its highest level since November 2021 last week, furthering signs the labor market is cooling as unemployed workers struggle to find new jobs. New data from the Department of Labor showed nearly 1.84 million claims were filed in the week ending June 22, up from 1.82 million the week prior. Meanwhile, the 4-week moving average of weekly jobless claims ticked higher by 3,000 to 236,000, the highest rate since September 2023. LPL Financial chief economist Jeffrey Roach reasoned the data is "sending a warning sign that the labor market could be...

Where the jobs aren’t! Calfironia under Gavin Newsom and their Marxist elected officials. Based on the most recent release of the early benchmarks, payroll jobs declined by 32,000 from September 2023 through December 2023. On the contrary, the preliminary monthly reports showed a solid increase in job growth (+117,000 jobs) at the time. With the fourth quarter revision, calendar year 2023 saw essentially no net job growth (+9,000 jobs overall). Data since January 2024 has not yet been rebenched. As such, the figure includes the Early Benchmark Revision for these recent months growing at the same rate as the official...

Migrants in the District of Columbia are driving unregistered mopeds and motorcycles, making food deliveries on popular apps, such as Uber Eats and DoorDash—violating both companies’ terms of use in the process. In April, The Daily Signal launched an investigation into the unprecedented rise in motorcycle and moped traffic in Washington, D.C. The news outlet uncovered that drivers, many of whom entered the country illegally over the past four years, were operating unregistered motorized vehicles in broad daylight, facing no consequences for those actions. Following The Daily Signal’s reporting, D.C. police launched Operation Ride Right to clamp down on these...

President Joe Biden’s pre-election amnesty will use work-visa programs to move 100,000 illegal migrants into the white collar jobs sought by U.S. graduates, according to one of the key organizers of the lobbying campaign.

Weekly jobless claims rose slightly to 238,000, above the 235,000 forecast. May housing starts dropped 5.5% to an annual rate of 1.27 million, below expectations. Building permits fell 3.8%, the lowest in four years. ... Economic data released Thursday morning revealed slightly higher-than-expected weekly unemployment claims, sharp contractions in housing starts and building permits, and a drop in a business outlook survey within the Philadelphia Federal Reserve District. Thursday’s Economic Releases: Key Highlights.. The number of people filing for jobless claims in the U.S. fell by 5,000 to 238,000 in the week ending June 15, slightly exceeding market expectations of...

An illegal alien from Mexico, deported 16 times from the United States, is accused of killing a 64-year-old man from Bailey, Colorado, in a vehicle crash. Ignacio Cruz-Mendoza, a 47-year-old illegal alien, has been arrested and charged with vehicular homicide, vehicular assault, reckless driving, and driving without a commercial driver’s license in connection to the death of 64-year-old Scott Miller. According to the Colorado State Patrol, Cruz-Mendoza was driving a semi-truck for the Indio, California-based Monique Trucking company on Highway 285 near Conifer, Colorado, when the vehicle veered off the road, causing the pipe and angle iron he was carrying...

American college graduates are losing jobs and opportunities in President Joe Biden’s high-migration economy, admits the Washington Post. “Despite strong labor market, new college graduates struggle to find employment,” says the June 16 article, which continues: Hiring in professional and business services — which includes jobs in tech, consulting, finance and media that are popular among new grads — has fallen 12 percent, according to federal data … Today’s recent graduates ages 22 to 27 have a higher unemployment rate — 4.7 percent, as of March — than the overall population, according to an analysis by the New York Fed.

How is this not the biggest political talking point right now: since October 2019, native-born US workers have lost 1.4 million jobs; over the same period foreign-born workers have gained 3 million jobs.

Joe Biden is a dishonest politician, so it is no wonder that he ignores actual data. Like claiming that crime is down under his leadership, when it is actually large cities like New York and Los Angeles not reporting their crime data to the FBI. Take the May jobs numbers. The BLS reports that 272k jobs were added. However, the more accurate Household Survery reported a loss of -408k jobs in May. While the Establishment Survey did indeed report that 272K “jobs” were added, this number also included multiple job holders; stripping those out, we get that the actual number...

In May, 400,000 fewer Americans had jobs than in April. The so-called net jobs ‘added’ by Biden are actually some Americans working extra jobs.. On the economy, critics of Joe Biden contend he has a substance problem. The White House and its allies claim that Biden has a messaging problem. Both are true. Last Friday, the government published jobs data for May. The left-leaning media touted the report as good news, showing that the economy added 270,000 jobs. In fact, the data was terrible for ordinary Americans. It shows that fewer Americans were working in May than in April, and...

Just over 2,000 migrants in New York City have been connected with a job under the Adams administration’s ongoing push — as the city has had trouble progressing on a plan to end the continuing crisis by putting immigrants to work. Only about half of the 9,000 migrants contacted by New York’s much-hyped Workforce1 program since last October even responded to the effort to link them with employers, Small Business Services department official Dynishal Gross told the City Council on Tuesday. And the majority of the roughly 5,500 migrants reached by agents from the department failed to even get a...

Recruitment professionals and victims of ‘ghost posting’ say the practice hurts everyone, including the companies that create them.. Amid complex hiring processes, a shadow is spreading in the American business world. Companies are using fake online job openings to project an image of growth, keep existing employees motivated, and cultivate a pool of possible future candidates with no intention of hiring, according to research. The practice is commonly known as “ghost posting” and it accounts for 43 percent of online job openings across multiple industries. A Clarify Capital survey of more than 1,000 hiring managers showed that, beyond fake growth...

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