US hiring held firm in December capping weakest year of growth since pandemic
US employers added 50,000 jobs in December, capping the weakest year of job growth since the pandemic, while the unemployment rate fell to 4.4%.
US jobs market surpassed expectations in March but February losses were worse than first reported
US employers added 178,000 jobs in March, exceeding expectations, though February losses were revised downward to 133,000. The unemployment rate fell to 4.3%.
Trump firing of labor statistics chief ‘undermines credibility’, ex-leaders say
Former labor statistics chiefs and economic groups criticized Trump’s firing of BLS commissioner Erika McEntarfer, alleging it undermines the credibility of federal employment data.
U.S. job openings were unchanged at 6.9 million in March but hiring improved
U.S. job openings remained essentially flat at 6.87 million in March, though hiring improved with employers adding 5.55 million gross jobs before the Iran war’s economic impact intensified.
Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules
German Chancellor Friedrich Merz unveiled a 34-measure reform package including income tax cuts, pension system overhaul, stricter sick leave rules, and reduced bureaucracy to stimulate the country’s sluggish economy.
Hundreds of economists say ‘we must act now’ on AI’s economic impact and job displacement risks
Over 200 economists and AI researchers signed an open letter Monday warning that artificial intelligence could trigger massive job displacement and economic transformation larger than the Industrial Revolution.