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Stating an earlier announcement, the IT firm said that it intends to hire an additional 15,000 people in the U.S. over the next five years, “to further augment local workforce”
Initial jobless claims in the US eased by 2,000 to 197,000 in the week ending October 3. This is the fourth straight week claims have been below 200,000. Bloomberg's Michael McKee reports. (Source: Bloomberg)
In August, US employment in roles most exposed to AI for people aged between 22 and 25 shrank by 4.4 percent year-on-year. This means there's been a contraction every single month since October 2023, about a year after ChatGPT was first released. The high impact of AI on younger workers is one of the key trends emerging from the Canaries Dashboard, a project led by the Stanford Digital Economy Lab and ADP Research. We spoke to ADP Research's Chief Economist Nela Richardson in our Business segment.
US employment growth is expected to slow from August’s blockbuster numbers, with analysts expecting 90,000 jobs added for the month. Michael McKee has a preview on Bloomberg Television. (Source: Bloomberg)
The number of people applying for US unemployment benefits dipped last week to the lowest level since mid-July as lay-offs remain low and most American workers enjoy job security. The Labor Department said on Thursday that initial jobless claims ticked down to 197,000 from a revised 198,000 the week before. The four-week average of claims, which smooths out week-to-week volatility, dropped by 2,500 to 200,000. Claims for jobless benefits are a proxy for lay-offs, and economists watch them...