Latest News for: Job surge

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Migrant workers reportedly secure better pay as US employers scramble to hire

New York Post 09 Feb 2023
NYC’s homeless services chief resigning as migrant crisis surges past 44K. Migrant workers are reportedly securing more job opportunities with better pay and conditions as US employers scramble to keep their businesses humming despite historically tight labor conditions.
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Walt Disney Company Announces Plan to Cut 7,000 Employees from Payroll

Space Coast Daily 09 Feb 2023
The Walt Disney Company announced Wednesday it is trimming its payroll by some 7,000 employees, becoming the latest major firm to cut jobs as economic uncertainty weighs ... cut jobs as economic uncertainty weighs.
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Dollar flat after Fed official comments; focus on CPI data next week

The Times of India 09 Feb 2023
The U.S. dollar was little changed on Thursday as investors looked ahead to next week's U.S ... The dollar index, which measures the U.S ... The index is just off the one-month high of 103.96 it touched on Tuesday in a brief rally following Friday's jobs report, which showed non-farm payrolls had surged by 517,000 jobs in January ... .
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Biden aims to win back white working-class voters through their wallets, with a soft touch

The Buffalo News 09 Feb 2023
a fierce campaign to win back white working-class voters through the creation of hundreds of thousands of well-paid jobs that do not require a college degree ... But at the speech's heart was an appeal to Congress to "finish the job" and a simple challenge ... But Democrats will have to match those jobs against Republican appeals aimed at white grievances.
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Some migrants bussed to Canada already heading back to NYC

New York Post 09 Feb 2023
More On. migrants. When does an illegal migrant STOP qualifying for free city housing? ... Migrant workers secure better pay as US employers scramble to fill jobs. report. NYC’s homeless services chief resigning as migrant crisis surges past 44K. Blame Canada ... She told CBS. “They think that there are all these jobs up there ... Dennis A. Clark ... see also ... ....
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When does an illegal migrant STOP qualifying for free city housing?

New York Post 09 Feb 2023
More On. migrants. ‘Lots of snow’. Some migrants bussed to Canada already heading back to NYC. Biden blasted by NY pols for ignoring migrant crisis, crime in State of the Union. Migrant workers secure better pay as US employers scramble to fill jobs. report. NYC’s homeless services chief resigning as migrant crisis surges past 44K ... ....
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An unexpected job surge confounds the Fed's economic models

The Chief 08 Feb 2023
economy's robust job gains out of concern that employers, desperate to hire, would keep boosting pay and, in turn, keep inflation high. But January's blowout job growth coincided with an actual slowdown in wage growth ... "Today's jobs report is almost too good to be true," Julia Pollak, chief economist at ZipRecruiter said Jan.
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Dollar pulls back as Powell sticks to usual Fed playbook

The Times of India 08 Feb 2023
The greenback had a short-lived rally following Friday's blockbuster jobs report, which showed that nonfarm payrolls had surged by 517,000 jobs last month ... Elsewhere, the Japanese yen rose 0.16% to 130.88 per dollar, after surging 1.2% in the previous session.
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Labor market bounces back

The Saigon Times 08 Feb 2023
The Hanoi Center for Employment Services, in cooperation with job centers in six neighboring provinces, will hold job bazaars to match job supply with demand in the capital city and the localities, with the participation of 60 to 80 employers ... Meanwhile, employment demand in southern Vietnam also surged.
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U.S. stocks rise after Fed chair comments

China.dot.org 08 Feb 2023
NEW YORK, Feb. 7 (Xinhua) -- U.S. stocks rallied on Tuesday as Wall Street digested Federal Reserve Chair Jerome Powell's latest comments on inflation. The Dow Jones Industrial Average rose 265.67 points, or 0.78 percent, to 34,156.69. The S&P 500 added 52.92 points, or 1.29 percent, to 4,164 ... job growth surged in January.
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Engineers who solved telecoms security challenge raise £1m for roll-out

The Business Desk 08 Feb 2023
The funding will enable it to invest in equipment to support the trial and expand its six-strong team with the creation of 20 new jobs by the end of 2023 ... “With the surge in demand for video calls and cloud computing, network operators are under pressure to roll out high-speed services rapidly and security is often the last consideration ... .
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Dollar pauses in bullish run; Aussie climbs on RBA's hawkish outlook

Reuters 07 Feb 2023
Elsewhere, markets were recovering from the shock of Friday's United States jobs report, which showed that nonfarm payrolls surged by 517,000 jobs in January, pointing to a stubbornly resilient labour market ... "I don't think the jobs number is key but it's definitely a major impact on (the Fed's) monetary policy.".
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Dollar climbs as Treasury yields pop on further Fed hike forecasts

The Times of India 07 Feb 2023
Markets were still reeling from the shock of Friday's jobs report, which showed that non-farm payrolls surged by an eye-watering 517,000 in January, well above expectations ... reported a stronger than expected jobs number, this has reversed expectations that the Fed would pivot in its monetary policy," said Tina Teng, market analyst at CMC Markets.
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Expect Biden to deliver the opposite of his promises in State of the Union Address

New York Post 07 Feb 2023
The nation failed to recover all its lost jobs until August 2022 ... In that first speech to Congress, by the way, he also vowed that Vice President Kamala Harris would “get the job done” in addressing “the root causes of migration.” She got nothing done; the surge of migrants at the border has only kept growing.
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The odds of the US slipping into recession are now just 25% thanks to a ...

Business Insider 07 Feb 2023
Surging job numbers contributed to the bank revising its forecast down from odds of 35%. The US added a better-than-expected 517,000 jobs in January, according to data released Friday ... A combination of surging job numbers and steadily improving business sentiment led to the upgrade in forecast, the bank's economists said in a research note Monday.

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