U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs.
The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending January 4, down from the previous week's 211,000. This week's figure is the lowest since February of last year.
Story by Alexander Fabino
In newly released data on initial jobless claims, two states had notable spikes in mass layoffs, primarily in the automobile and manufacturing sectors.
Missouri and Michigan saw increases of 1,443 and 1,204, respectively, in jobless claims filed the week ending March 16. In Missouri, the automobile industry bore the brunt of the layoffs. In Michigan, the manufacturing sector did, the Department of Labor reported.
The transition to working from home has been fast and furious for a lot of organizations over the past few years.
Many companies have learned that embracing permanent remote work is the future of work.
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In the return-to-office push, the Goldilocks proposition of hybrid schedules has won out at many major companies, including Microsoft and Google. Gallup defines hybrid workers as anyone who works remotely between 10% and 100% of their working time.
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Three years ago, the U.S. economy went through an unprecedented upheaval as millions of workers left low-paying jobs for more promising ones. At the same time, many white-collar workers cemented themselves into remote, or at least hybrid, positions that gave them more flexibility.
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Google has initiated significant layoffs across its various teams, including the Voice Assistant, hardware, engineering and ad sales teams, marking a continuation of the tech industry’s trend towards reducing workforce expenses. The layoffs have affected hundreds of employees within the Voice Assistant unit; hardware teams responsible for Pixel, Nest and Fitbit products; and a considerable portion of the augmented reality (AR) team.
Read MoreBefore the pandemic, getting a high-paying remote job was a little like finding a unicorn. However, times have changed significantly, and employers are much more willing to allow high-performing employees to work from home.
We scoured online job boards for companies hiring remote workers and offering $100 an hour or more (the equivalent of a $200,000 full-time salary). Here are just a few ideas to get you thinking about the possibilities.
Read MoreAmerican workers are clamoring for remote jobs right now, but the number of available positions is in short supply.
U.S. remote job postings on LinkedIn dropped by 9% between January 2022 and December 2023, according to the company’s Global State of Remote and Hybrid Work report published earlier this month. And although remote jobs only accounted for 10% of open roles in December, they received 46% of all applications. That means that competition for remote jobs is nearly five times that of non-remote positions.
Read MoreForget the fact that nearly every expert insists that flexible work arrangements—guided principally by employee desires—are the way of the future. Disregard, too, the fact that many workers insist they’re more productive working from home—and more likely to feel empowered to do their best work under a boss who allows them to work where they want. And pretend you don’t know that return-to-office mandates are near-universally reviled and lead to rapid retention issues, bitter company culture, and swelling resentment—with worsened productivity to boot.
Read MoreBefore the COVID-19 pandemic, getting a high-paying remote job was a little like finding a unicorn. However, times have changed significantly, and employers are much more willing to allow high-performing employees to work from home.
Read MoreWASHINGTON, Aug 4 (Reuters) - The U.S. economy added fewer jobs than expected in July, but solid wage gains and a decline in the unemployment rate back to 3.5% pointed to continued tightness in labor market conditions.
Read MoreThe labor market continues to add jobs at a rapid clip even as many major employers keep slashing thousands of jobs, but a lagging technology sector and a slew of other industries struggling to add jobs illustrate the potential difficulties that could spread across the economy later this year.
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