Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Private-Sector Job Growth Continues in November
Private-Sector , Job Growth Continues, in November.
As the United States labor market
navigates a troubling shortage of workers,
Fox Business reports jobs in the private sector experienced gains in November.
As the United States labor market
navigates a troubling shortage of workers,
Fox Business reports jobs in the private sector experienced gains in November.
Businesses reportedly added
534,000 jobs in the month,
a decrease from October
when 570,000 jobs were added.
One of the pandemic's most
negatively-affected industries,
leisure and hospitality, added
136,000 jobs.
One of the pandemic's most
negatively-affected industries,
leisure and hospitality, added
136,000 jobs.
Skilled trades like transportation
and utilities experienced increases
of 78,000 jobs, respectively.
Skilled trades like transportation
and utilities experienced increases
of 78,000 jobs, respectively.
Production sectors of the United States economy have ramped up hiring as well.
Production sectors of the United States economy have ramped up hiring as well.
Construction contributed
52,000 new jobs.
Construction contributed
52,000 new jobs.
Manufacturing added 50,000
new employees to its workforce.
The labor market
recovery continued
to power through its
challenges last month.
, Nela Richardson, chief economist at ADP, via Fox Business.
The labor market
recovery continued
to power through its
challenges last month.
, Nela Richardson, chief economist at ADP, via Fox Business.
News of the omicron variant has
dampened previously-optimistic
outlooks.
Experts say we need more data.
It’s too early to tell if the Omicron variant could potentially slow the jobs recovery in coming months.
, Nela Richardson, chief economist at ADP, via Fox Business.
It’s too early to tell if the Omicron variant could potentially slow the jobs recovery in coming months.
, Nela Richardson, chief economist at ADP, via Fox Business
February Layoffs , Hit Highest Level Since 2009.
According to a report released by
Challenger, Gray & Christmas on March 7, companies cut 84,638 jobs in February.
That number represents a 3% increase
from January and a 9% jump
year-over-year, Fox Business reports.
As we navigate the start of 2024, we're
witnessing a persistent wave of layoffs. , Andy Challenger, senior vice president of
Challenger, Gray & Christmas, via Fox Business.
Businesses are aggressively slashing
costs and embracing technological
innovations, actions that are
significantly reshaping staffing needs, Andy Challenger, senior vice president of
Challenger, Gray & Christmas, via Fox Business.
Tech companies had the most
layoffs in February, over 12,000.
The sector has cut over 28,000 jobs since the beginning of 2024, Fox Business reports. .
Financial firms lost over 26,000 jobs
since the beginning of the year.
That is a 54% increase in layoffs for the sector compared to the same time last year.
Other sectors to experience significant layoffs this year include manufacturing, energy and education.
In light of the backlash some companies
have faced for directly attributing job
cuts to artificial intelligence, , Andy Challenger, senior vice president of
Challenger, Gray & Christmas, via Fox Business.
... they appear to be framing this
shift as a ‘technological update’
rather than an outright substitution
of human roles with AI, Andy Challenger, senior vice president of
Challenger, Gray & Christmas, via Fox Business.
In truth, companies are also
implementing robotics and
automation in addition to AI. , Andy Challenger, senior vice president of
Challenger, Gray & Christmas, via Fox Business.
It's worth noting that last year alone,
AI was directly cited in 4,247 job
reductions, suggesting a growing
impact on companies’ workforces, Andy Challenger, senior vice president of
Challenger, Gray & Christmas, via Fox Business
Credit: Wibbitz Top Stories Duration: 01:30Published
Hawkeyes Ticket Prices Surge , Following Caitlin Clark’s WNBA Draft Declaration.
Clark announced that she will enter the 2024 WNBA Draft on Feb. 29, Fox Business reports. .
Clark announced that she will enter the 2024 WNBA Draft on Feb. 29, Fox Business reports. .
While this season is far from over and
we have a lot more goals to achieve, it
will be my last one at Iowa. I am excited
to be entering the 2024 WNBA Draft, Caitlin Clark, via X.
While this season is far from over and
we have a lot more goals to achieve, it
will be my last one at Iowa. I am excited
to be entering the 2024 WNBA Draft, Caitlin Clark, via X.
It is impossible to fully express my
gratitude to everyone who has
supported me during my time at Iowa.., Caitlin Clark, via X.
Most importantly, none of this would have
been possible without my family and friends
who have been by my side through it all.
Because of all of you, my dreams came true. , Caitlin Clark, via X.
March 3 will mark the Hawkeyes'
season finale. They are currently 24-4.
Clark's WNBA Draft announcement has sent
ticket prices soaring for supporters hoping to watch her play one more time before she turns pro.
Clark's WNBA Draft announcement has sent
ticket prices soaring for supporters hoping to watch her play one more time before she turns pro.
According to TickPick.com, the secondary market's average ticket price for the Hawkeyes' upcoming game against Ohio State is $557.
According to TickPick.com, the secondary market's average ticket price for the Hawkeyes' upcoming game against Ohio State is $557.
As of Feb. 29, the cheapest available ticket was $487, and the most expensive was $2,919.
Clark is only 18 points away from breaking
the NCAA's all-time scoring record.
Clark is only 18 points away from breaking
the NCAA's all-time scoring record.
The late Pete Maravich, who played
for LSU from 1967-1970, currently
holds the record with 3,667 points
Credit: Wibbitz Top Stories Duration: 01:31Published
US Job Market , Stays Strong Despite , Widespread Layoffs.
'Newsweek' reports that government job cuts are at the highest
they've been since September of 2011, with the most recent
wave of layoffs hitting Army and Veterans Affairs offices.
The latest data from job search and coaching firm
Challenger, Gray & Christmas, Inc. comes amid
job losses in different industries across the U.S. .
Government agencies cut
over 36,000 jobs in March,
with 10,000 layoffs coming
from Veterans Affairs.
Overall, over 90,000 positions were
eliminated by employers last month,
a 7% increase from February's numbers.
Layoffs certainly ticked up
to round out the first quarter,
though below last year's levels.
Many companies appear
to be reverting to a
'do more with less' approach, Andy Challenger, workplace and labor expert at
Challenger, Gray & Christmas Inc., via 'Newsweek'.
Since the beginning of 2024, technology firms
cut over 42,000 positions, with tech companies
reducing over 14,000 positions in March alone.
While Technology continues to
lead all industries so far this year,
several industries, including Energy
and Industrial Manufacturing, are
cutting more jobs this year than last, Andy Challenger, workplace and labor expert at
Challenger, Gray & Christmas Inc., via 'Newsweek'.
While Technology continues to
lead all industries so far this year,
several industries, including Energy
and Industrial Manufacturing, are
cutting more jobs this year than last, Andy Challenger, workplace and labor expert at
Challenger, Gray & Christmas Inc., via 'Newsweek'.
Q1 of 2024 also saw financial firms cut
positions, slashing nearly 29,000 jobs.
Despite the waves of layoffs, experts suggest
that workers are still experiencing
a strong labor market. .
Strong growth of 184,000 jobs,
strong pay growth per job changers,
and these sentiment indicators both
in the manufacturing survey and our
own worker sentiment and that is still
seeing a pretty solid, maybe even
good to great, jobs market for 2024, Nela Richardson's, ADP Research Institute
chief economist, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:30Published
![February Layoffs Hit Highest Level Since 2009 [Video]](https://video.newsserve.net/300/v/20240307/1368002916-February-Layoffs-Hit-Highest-Level-Since-2009.jpg)
![Hawkeyes Ticket Prices Surge Following Caitlin Clark’s WNBA Draft Declaration [Video]](https://video.newsserve.net/300/v/20240301/1367419042-Hawkeyes-Ticket-Prices-Surge-Following-Caitlin-Clark.jpg)
![US Job Market Stays Strong Despite Widespread Layoffs [Video]](https://video.newsserve.net/300/v/20240405/1371919104-US-Job-Market-Stays-Strong-Despite-Widespread-Layoffs.jpg)
