Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that the decline would worsen to more than 50% in the second quarter as layoffs are Read more
Tag: Labor
Jobless claims drop to 11-week low of 211,000 in early December
The numbers: The number of Americans who applied for unemployment benefits in early December fell to a nearly three-month low of 211,000, indicating layoffs around the holiday season remain low Read more
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances Read more
U.S. jobless claims climb to 230,000 in sign labor market is slowly cooling off
The numbers: The number of Americans who applied for unemployment benefits in early December rose slightly to 230,000, pointing to a slow but steady increase in layoffs as the U.S. Read more
Exclusive: San Francisco city attorney looking into loss of Twitter janitors’ jobs
San Francisco City Attorney David Chiu said Tuesday that he will look into the loss of Twitter janitors’ jobs, which appears to be in violation of San Francisco law. Members Read more
‘Gaslighters have two signature moves’: Are you being gaslighted at work? How to recognize the signs.
Are you less happy at work since you befriended that new recruit? Have they told you stories about how colleagues have constantly undermined them? Or do you have a boss Read more
Wages are up, but so are costs. Help us report on how that’s affecting you.
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to Read more
U.S. adds 263,000 jobs in November and wages rise sharply — still too much for the Fed’s liking
The numbers: The U.S. created a robust 263,000 new jobs in November, a historically strong pace of hiring that’s good for workers but that also threatens to prolong a bout Read more
Senate passes bill to prevent rail strike, rejects measure providing paid sick leave
The U.S. Senate on Thursday voted 80-15 in favor of a bill that would prevent a rail strike by imposing a deal on freight-rail workers, after rejecting a separate House-passed Read more
This 82-year-old has found his true calling in retirement: Moose
Butch Phillips, an 82-year-old member of the Penobscot Nation, etches 18-inch long moose call horns from birch bark he harvests off tribal land. While some moose calls he gives away Read more