American Express to Cut 5% of Jobs as It Prepares for AI
American Express plans to cut about 5% of its workforce as it prepares for AI, joining Barclays and Netflix in a broader push to reshape staffing.
Jobs & Labor Market
Get the latest on employment, wages and workforce trends in major economies. This section covers nonfarm payrolls, unemployment rates, job creation and labor policy developments. We offer timely updates and context to help readers understand how labor market health influences consumer spending, inflation and central bank decisions, making it a crucial part of the economic picture.
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Alex Karp Sees an AI Edge for Trades and Neurodivergent Workers
Palantir CEO Alex Karp’s career outlook puts skilled trades and unconventional thinking in focus as families weigh training costs and AI-driven hiring changes.
US Adds Just 29,000 Jobs in September as Unemployment Rises to 4.2%
September payrolls rose by only 29,000 as unemployment edged up to 4.2%, wage growth slowed and downward revisions weakened the summer hiring picture.
GTA VI’s $1 Billion Lost-Productivity Claim Lacks Published Evidence
GTA VI launches November 19, but claims of $1 billion in lost output and 1.5 million absent American workers lack published supporting methodology.
Volkswagen to Shut Historic Dresden Plant as Economic Pressures Intensify
Volkswagen will close its Dresden factory, marking the first shutdown of a German plant in the automaker’s 88-year history, as energy costs, trade pressures, and falling...
Insta360 Rewards Employees With Solid Gold Keyboard Keys Worth $45,000
Chinese camera maker Insta360 gifted employees solid gold keyboard keys as annual bonuses, with one 'spacebar' key alone worth about $45,000, symbolizing recognition and stability amid...
Bill Gates Predicts AI Will Cut Workweek to Two Days
Bill Gates says artificial intelligence could replace most jobs within a decade, leading to a two-day workweek and forcing society to rethink the role of human...
U.S. to Impose 100% Tariff on Branded Drugs Unless Firms Build Plants
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.
Fed Cuts Rates by 0.25%, Signals Two More Reductions Amid Labor Market Concerns
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation...