Keyword: jobs
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California Gov. Gavin Newsom teared up Wednesday when announcing an expansion of the state’s Service Corps geared at recruiting young men. “Forgive me, this is embarrassing,” he said, as his eyes welled. “All the noise, we just need to turn off. Listen to this, this is it,” he continued while wiping tears off his face. “We’re all just sitting there, screaming and yelling at each other, everybody’s getting at each other’s throats, trying to tear everybody down, and how are we going to get out of this? This is it,” he went on. The governor’s teary showcase was in response...
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@Acyn Boebert: I am so tired of spending money elsewhere. I am tired of the industrial war complex getting all of our hard earned tax dollars. I have folks in Colorado who can't afford to live. We need America first policies right now.
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This chart shows manufacturing production growth (6-month average vs. a year ago). After spending most of 2022–2024 in contraction, output has surged since mid-2025 and is now approaching +2% — the strongest growth since the post-COVID rebound. So why isn't anyone talking about it? Partly because it's invisible in the jobs data. Manufacturing payrolls have been declining. If you only look at employment, you'd think the sector is still struggling. But flat jobs + rising output = productivity growth. The sector is producing significantly more with fewer workers. This is one more piece of evidence that the productivity acceleration story...
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Meta Platforms may shrink its workforce by up to 20% in a sign that artificial-intelligence productivity gains are finally materializing. According to a Reuters report from Friday, Meta has not finalized specific dates or details for cuts but is considering widespread reductions to its workforce. The company had nearly 79,000 employees as of its last annual filing. A Meta spokesperson told Reuters, “This is speculative reporting about theoretical approaches.” The company didn’t respond to a MarketWatch request for comment. But Wall Street seems encouraged that the company is thinking about paring back its staff. Shares are up 2.9% in Monday’s...
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Artificial intelligence adoption could lead to significant job struggles for entry-level workers as companies boost productivity, according to ServiceNow CEO Bill McDermott. McDermott told “Squawk on the Street” on Friday that unemployment for new college graduates “could easily go into the mid-30s in the next couple of years.” Across industries, businesses are slashing costs and cutting jobs with the help of new AI tools. Last month, Block announced plans to cut nearly half its workforce as AI automates more work. Meanwhile, software firm Atlassian, which has seen its stock dive 54% this year on AI disruption fears, said this week...
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Last Friday’s jobs report from the BLS shocked the market by claiming 92,000-jobs were lost in February, after the economists’ consensus called for +55,000-new jobs. Two-days previously, ADP had reported 63,000 private-sector payroll jobs being created in February – the strongest monthly private payroll gain reported by ADP since last July. ADP chief economist Nela Richardson explained this surge in jobs: “We’ve seen an increase in hiring and pay gains remain solid, especially for job-stayers,” adding this caveat: “But with hiring concentrated in only a few-sectors, our data shows no wide-spread pay benefit from changing jobs. In fact, the pay...
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"Sammy" (@sumiturkude007) on X wrote "This short film made with Seedance 2.0 is absolutely insane. The realism looks like a real movie — no one can tell it's AI." But that's not the real point. Yeah, it's a good demonstration of AI abilities in March 2026, but it's the theme and plot that get me. They are simultaneously brilliant, sad, and prophetic.
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The Trump administration will continue working to shrink the size of the federal workforce after already shedding more than 300,000 employees, a White House official said on Thursday, who suggested a leaner civil service will be more effective as a result of its reduced stability. Continuing to reduce the size of the federal government and its workforce remains “priority number one,” Office of Management and Budget Deputy Director for Management Eric Ueland said at a government efficiency conference in Washington, adding it would contribute to the goal of tackling waste, fraud and abuse. He pledged that individual agencies would ensure...
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Morgan Stanley is laying off about 2,500 employees, despite reporting record revenue last year. The banking giant is planning to cut about 3 per cent of its global workforce across its investment banking and trading, wealth management and investment management divisions. The lay-offs were first reported by The Wall Street Journal. Many of the job cuts were said to have taken place on Wednesday, and were tied to both shifting business and location priorities and individual performance. The lay-offs come after Morgan Stanley reported record annual revenue last year of $70.65 billion, up 14 per cent on the previous year,...
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Amid everything else going on right now, there is also a big economic data release happening later this week — the jobs report. This week, there have been some privately-analyzed reports released. While not as thorough as the federal data, they can give some clues as to how the labor market is doing. The payroll processor ADP, for example, reported that private sector hiring jumped in February, adding 63,000 jobs. Pay was also up 4.5%, year over year.Joe Brusuelas, chief economist at the consulting firm RSM, said that jobs data is really important.“The unemployment rate, average hours worked, average hourly...
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Private sector employment increased by 63,000 jobs in February and pay was up 4.5 percent year-over-year according to the February ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP's Pay Insights captures over 15 million individual pay change observations each month. Together, the jobs report and pay insights use ADP's fine-grained data to provide a representative and high-frequency picture...
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The US economy lost 92,000 jobs in February, Labor Department data released Friday showed, sharply missing economists' expectations and stalling the nascent hiring growth that started the year. The unemployment rate edged up to 4.4%, while the share of people who have been without work for 27 weeks or more as a percentage of all unemployed hit 25.3%. Economists surveyed by Bloomberg had anticipated 55,000 new positions after January's surprise print of 130,000 payrolls. Those gains were also revised lower by 4,000 positions, while December's previously reported addition of 48,000 jobs was updated to a loss of 17,000 — a...
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The “Life in Venice” housing development, a multibillion-dollar replica of the Italian city on the Chinese coast, stands silent. But in recent years the remote, partially abandoned complex has drawn unlikely new residents like Sasa Chen, a burned-out young Chinese woman who until recently worked a high-earning finance job in Shanghai, China’s bustling commerce hub. The appeal? Chen pays just 1200 RMB, or $168, a month for her apartment in faux Venice in the eastern Chinese province of Jiangsu. It’s so cheap that it's allowed Chen to retire at the tender age of 28. Experts say Chen is part of...
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Industry boosters argue the U.S. is in a race with China for technological supremacy, and thus the sprint has existential stakes. But many Americans view AI through the lens of issues much closer to home: skyrocketing electricity bills, looming job displacement, teenage chatbot addiction. Last October, after 134,000 people signed a statement calling for a halt to the development of superintelligence, “I was thinking, why are we getting military people, faith leaders, and everyone signing?” says Max Tegmark, a physicist whose nonprofit organization, The Future of Life Institute, issued the statement. “And then it hit me: they’re all rooting for...
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The Trump administration has successfully sealed the border from illegal entrants. Deportations are well underway. Now is the time for Congress to do its part by ending laws that help foreigners illegally present in the U.S. take away jobs, housing, and retirement benefits that should go to Americans. The lynchpin for these giveaways is the Individual Taxpayer Identification Number, or ITIN. This number is a little-discussed, quasi-Social Security number given only to foreigners. It exists ostensibly so that undocumented immigrants (and a few others) can pay taxes on wages from jobs they cannot legally hold in the U.S. And were...
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After much talk of an economic slowdown, February brought reassuring headlines. The official unemployment rate had fallen as another 130,000 jobs were added to the US economy, according to the Bureau of Labor Statistics. That is good news, but it is not the whole story. The official unemployment rate counts only people actively looking for work – it does not capture those who would like a job but have stopped searching. The official unemployment rate is so narrow that it hides long-term changes in the economy. In fact, things are far worse than the official figures suggest. This matters for...
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The number of Americans filing new applications for unemployment benefits fell more than expected last week, consistent with a stabilizing labor market. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 206,0000 for the week ended February 14, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. Last week's drop marked a signficant decline in claims since they jumped to 232,000 at the end of January. The number of people filing new claims fell to 206,000 in the most recent week. Minutes of the Federal Reserve's January 27-28...
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If you’ve been curious how to become an AI Engineer, the first thing to know is the job has evolved rapidly since generative AI went mainstream. A few years ago, AI engineering looked a lot like traditional machine learning — building and training models from scratch. Today, companies are hiring AI Engineers who can integrate powerful pretrained models, deploy LLM‑powered applications, and ship real AI features that solve real business problems. The job description has changed and so have the skills employers expect. To keep up with this shift, we built a brand‑new AI Engineer career path at Codecademy. Our...
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On Wednesday, aerospace giant Boeing announced it will return its Defense, Space & Security headquarters to St. Louis following almost a decade in Virginia. The move comes only weeks after radical Virginia Gov. Abigail Spanberger (D) took office. Steve Parker, Boeing Defense, Space & Security CEO, said in a statement, “It’s important for leaders to be side-by-side with our teammates, listening to their feedback and acting to remove obstacles as we continue to stabilize and strengthen our business.”
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Elon Musk just identified which jobs go first, and it destroys every assumption about who’s safe. Musk: “AI is going to take over those jobs like lightning. Anything that is digital, which is like just someone at a computer doing something.” Not factory workers. Office workers. The people who spent decades assuming education and desk jobs meant security are actually first. Musk: “Anything that’s physically moving atoms… those jobs will exist for a much longer time.” Output is a file? Vulnerable. Output is physical? Protected. That’s the entire framework. Musk: “AI is really still digital.” AI doesn’t need a body....
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