PDVSA CEO hires young executives to lead overhaulPromises to improve conditions for distrustful workersLack of experience in large companies is seen as a weaknessVALENCIA/CARACAS, May 31 (Reuters) - The new…
Weekly jobless claims rise by 13,000 to 242,000Continuing claims drop 38,000 to 1.805 millionProductivity falls at a rate of 2.7% in the first quarterWASHINGTON, May 4 (Reuters) - The number…
FARIBAULT, Minnesota, May 2 (Reuters) - Demand for air conditioning equipment from Daikin Applied Americas Inc is skyrocketing and worker recruitment is booming, with hiring trips to women's shelters and…
WASHINGTON, March 20 (Reuters) - At a meeting in early January of the Virginia Bankers Association, executives were already concerned that interest rate hikes by the Federal Reserve could make…
March 14 (Reuters) - Meta Platforms, the parent company of Facebook (META.O), said on Tuesday it would cut 10,000 jobs this year, making it the first major tech company to…
Non-farm payrolls forecast to increase by 205,000 in FebruaryThe unemployment rate is expected to remain unchanged at 3.4%The average hourly wage should increase by 0.3%; up 4.7% year-on-yearWASHINGTON, March 10…
UK still grapples with post-pandemic labor shortagesThe largest increase in inactivity is among people aged 50-64Pre-retirees who are often well off and protected from inflationGovernment seeks to strengthen work incentives…
Tesla slips as US regulator launches investigation into Model Y carsOccidental rises as Buffett's Berkshire increases stake to 22.2%Private payroll higher than expected in FebruaryIndices: Dow down 0.48%, S&P down…
Consumer confidence index drops to 102.9 in FebruaryLabor market gap falls from 37 to 41.5Annual house price growth slows further in DecemberMerchandise trade deficit widens 2.0% to $91.5 billion in…
Weekly jobless claims fall by 3,000 to 183,000Continuing claims decrease by 11,000 to 1.655 millionProductivity accelerates at a rate of 3.0% in the fourth quarterUnit labor costs increase at a…