Filadendron | E+ | Getty Images The overall unemployment rate in the United States experienced a decline in June. However, there appears to be a concerning trend among Black workers, as indicated by the latest nonfarm payrolls report. In June, the overall unemployment rate stood at 3.6%, representing a 0.1 percentage point decrease from May, …
Bed Bath & Beyond logo is visible on the shop in Williston, Vermont on June 19, 2023. Jakub Porzycki | Nurphoto | Getty Images WASHINGTON — Democratic lawmakers have turned their attention to home goods retailer Bed Bath & Beyond over allegations of evading severance pay for thousands of employees laid off following the company’s …
Sturti | E+ | Getty Images The U.S. job market is gradually cooling, but it remains robust despite efforts to slow it down, creating a favorable environment for job seekers, according to economists. “Higher worker leverage, better outside opportunities, easier job transitions, and increased job security are still prevalent,” said Julia Pollak, chief economist at …
A pre-screen with human resources, a call with the hiring manager, and six half-hour interviews over three days. But that’s not all – a written case study exercise and another interview with the hiring manager. And finally, a last round with the CEO. Ayomi Samaraweera, a 32-year-old job seeker, went through a total of nine …
Joonko, a New York City-based startup founded in 2016, is facing imminent collapse following allegations of fraudulent conduct by its CEO, Ilit Raz. The company, which created an AI-powered job board to promote diversity in hiring, raised $25 million in funding from investors last fall. However, an internal investigation found that Raz had deceived investors …
A Southwest Airlines Co. Boeing 737 passenger jet is being directed by a worker as it pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois, U.S., on Monday, Oct. 11, 2021. Photograph by Luke Sharrett, courtesy of Bloomberg. Southwest Airlines announced on Friday that it has reached a preliminary agreement with …
Now Hiring signs have become a common sight in front of restaurants in Rehoboth Beach, Delaware. The labor shortage, which has been a major problem since the start of the Covid-19 pandemic, is expected to improve this year. Despite aggressive tightening of monetary policy by central banks worldwide, labor markets have remained tight. The latest …
It has been reported that a significant number of Microsoft employees are considering leaving the company due to recent mass layoffs and other unpopular decisions made by the tech giant. A leaked internal survey called “Daily Signals” revealed that only 47% of Microsoft employees would choose to stay at the company if offered a comparable …
Americans have long been concerned about the impact of immigrants on job availability. In 1891, Henry Cabot Lodge, a U.S. senator, viewed foreign-born workers as a cheap labor pool that suppressed wages for native workers. However, Emma Lazarus, who wrote the famous poem “The New Colossus” inspired by the Statue of Liberty, presented a more …
Kyla Scanlon, a 26-year-old former options trader, has become an influential figure using TikTok, Instagram, and YouTube to make financial education entertaining for young viewers. She is the founder of Bread, a company that creates viral videos and skits. In an interview with CNBC’s “ETF Edge,” Scanlon shared her approach: “I’ll take on the role …