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In a recent interview with MSNBC, Galloway discussed the current challenges facing young adults, remarking, “For the first time in our nation's history, a 30-year-old man or woman isn't doing as well as his or her parents were at 30, that is the social compact breaking down.” According to a 2016 study from Harvard-based research initiative Opportunity Insights, over 90% of children born in the 1940s grew up to earn more than their parents at age 30. However, for children born in the 1980s, only half managed to outearn their parents. Galloway, said the economy is "purposely" transferring money to...

Bruce the young American engineer had been eager for a stable, high-paying job in the semiconductor industry. Then, in late 2020, he received a LinkedIn message from a recruiter for Taiwan Semiconductor Manufacturing Company. The job sounded like he’d be “pushing the boundaries of human technology,” he recalled to Rest of World. Over the next two years, Bruce came to realize the reality of working at TSMC wasn’t what he had envisioned. While working on nanometer-level processes to make state-of-the-art chips, he struggled with language barriers, long hours, and a strict hierarchy. Bruce soon began second-guessing what he had signed...

A strong work ethic may be a virtue, but it’s not always a good sign for the economy. TikToker Isabella Azar (@withbellsmedia) expressed her anger at the two-job phenomenon that's affecting younger Americans these days. The L.A.-based marketing consultant heard about one woman who took on a weekend waitressing job to supplement her corporate job income — which didn’t manage to cover her bills. “The weekends: when we’re supposed to be relaxing, unwinding from our corporate job,” Azar said in her viral video. “But nope, nope, time to go to your second job.” Azar believes that her generation has been...

Florida is the top destination for hundreds of thousands of migrants from Haiti, Venezuela, Cuba and Nicaragua who got accepted into President Biden’s humanitarian parole program, says a new report. The Washington-based Center for Immigration Studies, citing analysis of the latest U.S. Customs and Border Protection data, reports that some 326,000 migrants from the four countries have arrived at airports in Florida in the past year. That number far exceeds those who traveled to airports in Houston, Los Angeles, San Francisco, Atlanta and other cities, according to the data, which notes 84% headed to Florida. South Florida is home to...

Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025. The "second phase of impacts" would begin by June 28 at its headquarters, Michele Adams, Nike's vice president for people solutions, said in a legally mandated notice to state authorities. The company's shares were up marginally in after-hours trading. They have declined nearly 13% this year. Nike had in December announced a cost savings plan for $2 billion over...

Time to Change Our Language.. It is time to stop blaming “Covid” for breaking the economy, destroying businesses and livelihoods, and wreaking untold havoc upon families. It was not “Covid” that did this. It was not even the Chinese. It was our government. The government has conditioned us to blame the impersonal “Covid” for the destruction it wrought upon our businesses and families. We need to change the discussion by using the proper language to fix the blame where it belongs. Good generals can win a battle by picking the terrain upon which they fight. At Waterloo, Wellington forced Napoleon...

Joe Biden at his State of the Union address in March boasted his administration has created 15 million new jobs since January 2021. Not exactly. When you delve into the math, not only is the number highly misleading, but it turns out that new jobs consist largely of part-time employment, nebulous self-employment, and government workers. And among native-born citizens, the job market is in a recession. The Bureau of Labor Statistics publishes two jobs reports: the “Establishment Survey” and the “Household Survey.” The Establishment Survey samples actual employers and shows the growth in non-farm payroll jobs (as well as a...

Tens of thousands of Americans have been made redundant at large companies this year. according to Warn Tracker, a website that tracks upcoming layoffs based on WARN (Worker Adjustment and Retraining Notification Act of 1988) notices. The WARN Act mandates that employers conducting large-scale layoffs or closures notify employees as well as state government officials of job losses at least 60 days in advance. WARN notices must be served by companies that have 100 or more full-time employees or 100 or more employees who, in aggregate, work at least 4,000 hours per week, excluding overtime.

Employers in the US added more than 300,000 jobs last month - the biggest gain in almost a year - as the boom in the world's largest economy continued. The jobless rate fell to 3.8%, as most sectors, including health care, construction and the government added roles, the Labor Department said. It marked another month of stronger-than-expected growth. Economists had forecast job gains of about 200,000. Analysts said the strong figures could delay cuts to US interest rates.

Rates on U.S. government debt jumped Friday morning after data showed the U.S. created far more jobs than expected in March and signaled that the economy might be speeding up. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 4.710%, up 6.9 basis points from 4.641% on Thursday. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Y was 4.382%, up 7.4 basis points from 4.308% on Thursday. The yield on the 30-year Treasury BX:TMUBMUSD30Y was 4.533%, up 6.4 basis points from 4.470% on Thursday. Yields were on track for their largest one-day jumps...

Job growth surged in March, as employers added 303,000 positions and the unemployment rate edged down, the Bureau of Labor Statistics reported Friday. Why it matters: The U.S. labor market has proved remarkably resilient over the last year, as employers keep seeking workers despite a bumpy economic environment. The latest numbers affirm that strength, handily beating analysts' forecasts. By the numbers: The jobless rate fell as more people entered the work force — a good sign for growth potential. The labor force participation rate rose by 0.2 percentage points to 62.7%. Average hourly earnings were up 0.3%, and are up...

Finding a job can often be a Sisyphean task in this rapidly changing modern economy. Highly sought after skills come and go, following the greater tides of technology change, marketplace behavior, and shifting consumer patterns.After all, take a look at what’s happening in the tech world.Education plays an important role in this job hunting business of course. And some skill sets are losing their sheen, with their practitioners having a harder time than others in securing gainful employment.But which ones are the worst right now?We visualize the top 10 U.S. college majors, ranked by their unemployment rate, including their underemployment...

Geiger Capital’s recent revelation left me speechless. It’s not just shocking; it’s a wake-up call for America. In February alone, a staggering 1.2 million immigrants, both legal and illegal, secured jobs, while 500,000 native-born Americans lost theirs. Can you believe it? Since the onset of the pandemic, native-born workers have endured a devastating blow, losing a total of 2 million jobs. And here’s the kicker: not a single job created since June 2018 has been for US-born workers. Zero. Zilch. Nada. All the approximately 3.9 million net job gains? They belong to immigrants. It’s a bitter truth we can’t ignore.

The words "intelligence" and "White House" aren't terms we use in the same sentence much lately, but today it's necessary, as the Biden administration's annual Economic Report of the President includes an entire section on artificial intelligence (AI) and the possibility of Americans losing their jobs because of an AI takeover.The White House released a report Thursday that found roughly 10% of the U.S. workforce is in occupations with a high degree of exposure to artificial intelligence (AI) with lower performance requirements that could leave them more vulnerable to displacement.According to the report, 20% of American workers are in occupations...

It was always asinine for President Joe Biden’s administration to claim that they “nearly” added 15 million jobs since the pandemic, and it apparently stank so much that even leftist fact-checker Snopes didn’t let it pass the smell test. In a shocking twist, Snopes analyzed that the Biden administration’s propagandized claim on how star-spangled awesome its job creation numbers were was “misleading” in a March 21 fact check. According to Snopes, “About 9 million of those jobs were lost during the pandemic, so the net jobs gain from pre-pandemic levels was 5.5 million.” In other words, the “15 million” claim...

Employers are posting seemingly open roles that were never meant to be filled at all. The labour market is tightening – and it's getting harder to find a job. In the wake of the Great Resignation, which drove more job vacancies than employers could fill, workers often had their pick of open roles. Now, they have largely lost their leverage among layoffs and budget cuts, and those open positions are increasingly rare. Still, roles do exist – or at least appear to. Job boards like LinkedIn and Indeed continue to advertise open positions, and workers are actively submitting applications. Yet...

Back when the Biden administration passed the hilariously named Inflation Reduction Act (IRA), a significant debate broke out over a provision that would funnel massive amounts of money to the Internal Revenue Service. The funds would supposedly go to hire an army of new agents who would diligently work to ensure that everyone was "paying their fair share" of taxes and that government revenue was predicted to increase. Conservatives pushed back hard against the plan, but most of the IRS funding survived. Yet the anticipated benefits have still yet to show up. The reason for this, according to a new...

Some years back our second daughter and her husband were living in the finished basement of our old house in Colorado. They lived there while trying to save money for a down payment on a house of their own, but the arrival of their daughter and then their first son set that plan back, and then Colorado real estate prices just kept ratcheting further out of reach. So, after talking with our oldest daughter, they moved to eastern Iowa, found jobs, and now own a comfortable four-bedroom, two-bath house in the same small Iowa town where our oldest lives. The...

Elon's tweet on Xransomnote: I enlarged the two attachments in that embedded tweet: Mar 10, 2024 ransomnote: SO I guess we watch for large manufacturers to use the promise of cheap foreign labor cut their domestic employment costs. One strategy: maybe just ignore regulatory issues until a 'red tape shutdown,' let all (domestic) employees go, drag feet through regulatory correction and then WHAM!!!! Hire back cheap using all those illegals waiting for citizenship. Brandon then brags about his job creation prowess.....

The number of full-time jobs has plummeted since June 2023, with Americans turning to part-time jobs and working multiple jobs to make up the difference as economic factors like high inflation continue to put stress on consumers, according to data from the Bureau of Labor Statistics (BLS). Since June, the number of full-time jobs has declined more than 1.8 million, from 134,787,000 to 132,946,000 as of February, according to the Federal Reserve of St. Louis. In that same time, the number of part-time employees working less than 35 hours per week has risen from 26,248,000 to 27,941,000, an increase of...