In a recent interview with CNN, Kamala Harris said that Bidenomics is working and that she is “proud of bringing inflation down.” However, the Bureau of Labor Statistics published the latest CPI at 2.9%, despite annual inflation […]
The Canadian rail strike ended yesterday some 18 hours after it started as authorities moved rapidly to avert an economic disaster. Canada’s two biggest railways shut down yesterday after a midnight deadline passed without an […]
Canada’s two biggest railways have shut down after a midnight deadline passed without an agreement over pay conditions. The stoppage of work by 9,300 engineers, conductors and yard workers at Canadian National Railway Co (CN) […]
BLS issues preliminary benchmark employment revision Wednesday Economists still view job growth as healthy, albeit moderating US job growth in the year through March was likely far less robust than initially estimated, which risks fueling […]
Canada looks set to be hit by industrial action at its two main freight rail companies from this Thursday as employers and employees made their positions clear over the weekend with no deals in sight […]
ExxonMobil Corporation XOM, the U.S. energy giant, has begun a workforce reshuffle, leading to layoff notices for 59 employees, per a Reuters report. This move is part of XOM’s broader workforce restructuring plan following its ($60 […]
The real threat of a dockworker strike at ports across the US east and Gulf coasts come October 1 could knock supply chains out of synch through to 2025, according to new research from Copenhagen. […]
The number of upstream and oilfield services jobs is flatlining and has started to fall. The hiring slump is not because production is falling. Efficiency and technological advances in fracking services, as well as the […]
By Wolf Richter for WOLF STREET. Payrolls at employers rose by 114,000 in July, below the growth in June and May. Back in April, job growth was even lower (108,000), and we went through the same handwringing. This […]
The Biden administration hung its hat on supposedly blockbuster monthly job gains. But data show those numbers overestimated job growth by almost 800,000 in 2023. About 1 in 4 jobs that were supposedly added last […]
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