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October Layoffs the Worst Since 2003

More than 150K add to the year's recession-like unemployment numbers

(Newser) - Layoffs in the US have reached recession-level numbers, reports the Washington Post , which cites new data from the private firm Challenger, Gray & Christmas to back that up:
  • So far this year, employers have announced 1.1 million job cuts, a figure in line with the Great Recession of 2008-09,
...

ADP Gives Us a Sense of What Happened in October

Private employers added jobs for first time since July

(Newser) - With the October jobs report all but certain to not materialize on Friday due to the shutdown, a meaningful outside data point: Payroll processor ADP on Wednesday said America's private sector added 42,000 jobs in October, besting expectations of 22,000 fresh jobs and an improvement from September'...

Bezos Predicts 'Millions' Will Be Living in Space Soon

But robots will be doing most of the work, he reckons

(Newser) - Jeff Bezos is looking to the stars, and he thinks millions of us will soon follow. Speaking at an Italian Tech Week event in Turin earlier this month, the Amazon and Blue Origin founder predicted that within two decades, "millions of people" will be living in space. Bezos is...

Amazon Automation May Mean 600K Fewer Jobs

New York Times reports the company thinks it can avoid that number of hires by 2033

(Newser) - Amazon is leaning hard into automating its operations, so much so that the New York Times reports an eye-popping number: The stepped-up automation means the company will be able to avoid hiring 600,000 actual humans by 2033. Even by 2027, the figure is 160,000. Amazon currently employs about...

Companies' Reports Are No More Reassuring on Jobs

Data replacing BLS information point to fewer hires and rising unemployment claims

(Newser) - With official labor statistics absent during the federal shutdown, Wall Street is sifting through alternative sources —and the signals aren't rosy. Bank of America, Goldman Sachs, and private equity giant Carlyle Group all see a cooling US job market, with rising unemployment and fewer positions being added....

US Puts an End to Haiti's Trade Lifeline

Textile imports to the US are no longer duty-free

(Newser) - Haiti is teetering on the brink—and things just got worse. The US on Wednesday let a key trade program expire, one that allowed duty-free imports to the US of Haitian-made textiles. The end of the HOPE/HELP initiative, in place since 2006, effectively pulls the rug from under Haiti'...

It May Be This Week's Big Jobs Report, and It's Dour

ADP's September numbers show the private sector shed 32K jobs

(Newser) - With Friday's highly anticipated jobs report likely scuttled by the government shutdown, private-sector numbers released Wednesday are getting extra scrutiny. They aren't rosy: The US private sector shed 32,000 jobs in September, marking the third monthly decline in four months and raising fresh concerns about the...

Starbucks CEO Announces Another 'Difficult' Move

Company will lay off 900 corporate workers, close some North American stores to invest in its cafes

(Newser) - Starbucks is trimming its corporate ranks again, announcing it will lay off 900 more office workers and shutter some North American stores as part of a broader effort to cut costs and channel investments into its cafes. The cuts, affecting mostly North American staff, come on the heels of...

Latest Sign of Softening Labor Market Emerges

The number of Americans filing last week was 263K, a 4-year high

(Newser) - US jobless claim applications jumped to their highest level in almost four years last week, reports the AP , the latest sign that the labor market is softening. The number of Americans filing for unemployment benefits for the week ending Sept. 6 rose 27,000 to 263,000, the Labor Department...

Maker of Ozempic, Wegovy Slashes 9K Jobs

Cost-saving overhaul by Novo Nordisk follows profit warning, fierce competition in obesity drug market

(Newser) - Novo Nordisk, the Danish pharmaceutical giant known for manufacturing Ozempic and Wegovy, has announced plans to slash about 9,000 jobs—roughly 11% of its global workforce—in an effort to streamline operations and rein in costs. The company says the cuts will take place immediately, and that staffers...

Employers Added 1M Fewer Jobs Than Believed

BLS revision covers end of Biden term and early part of Trump's

(Newser) - The latest jobs stats add to the evidence that the labor market is shakier than believed— and has been for a while:
  • Big revision: The Bureau of Labor Statistics said employers added 911,000 fewer jobs than initially thought from April 2024 through March 2025, reports the Washington Post . The
...

Trump's 50% Tariff Hike on India Goes Into Effect

New tariffs of up to 50% threaten Indian exports, put millions of jobs at risk

(Newser) - President Trump's decision to double tariffs on Indian imports to rates as high as 50% took effect on Wednesday, putting a major strain on US-India relations at a time when the two nations have been deepening strategic ties. The move, in part a response to India's continued...

The New Workplace Trend: 'Job Hugging'

As the labor market tightens, workers are reluctant to quit, a reversal from a few short years ago

(Newser) - It wasn't too long ago that workers seemed to have all the leverage: So many people were quitting their jobs for better ones that economists called it the "great resignation." It appears the polar opposite is now afoot: In an analysis, the consulting firm Korn Ferry has...

Meta Freezes AI Hiring After Big Spending Spree

Company poached talent from several rivals

(Newser) - After months of aggressively recruiting top talent and offering eye-popping pay packages, Meta has abruptly frozen hiring in its artificial intelligence division, insiders say. Sources tell the Wall Street Journal that the company is pausing recruitment after a spree that added more than 50 AI specialists to its roster....

Young Chinese People Are Paying for Pretend Jobs

Their reasons range from needing structure to outright deception

(Newser) - Nobody wants to work for free, let alone pay for the privilege. But, in China, where unemployment is a massive problem for young people, more and more are waking up, getting dressed, commuting, and clocking into "pretend-to-work offices" where they can convince themselves—or others—that they're gainfully...

Low-Wage Workers No Longer Getting Big Raises

A pandemic trend appears to have run its course

(Newser) - The surge in wage gains for America's lowest-paid workers that defined the pandemic era appears to be running out of steam, reports the Wall Street Journal . The story uses stats from the latest jobs report to illustrate the trend:
  • Average earnings for leisure and hospitality workers—among the
...

Rarely Has a Jobs Report Changed the Narrative So Much

Weak numbers and big revisions suggest idea of labor market's resiliency is a 'mirage'

(Newser) - The monthly jobs report from the Labor Department is often a ho-hum affair, but that was decidedly not the case with the one that came out Friday . "It's rare that a single report drastically shifts our understanding of the economy's health, but that's what happened Friday...

Find Out How AI-Proof Your Job Really Is
The Most, Least AI-Proof Jobs
Jul 31, 2025 7:14 AM CDT

The Most, Least AI-Proof Jobs

Microsoft pulls out the ones that are most, least likely to be overtaken by artificial intelligence

(Newser) - How likely is it that a bot will soon replace you at work? That depends on what you do for a living, as Microsoft found in its most recent research measuring which jobs are most and least vulnerable to being replaced by artificial intelligence, reports Axios . In its study titled...

College Grads Find the Current Job Market 'Stings'

It's the toughest job market for young adults in more than a decade; AI may be playing a role

(Newser) - While completing a master's degree in data analysis, Palwasha Zahid moved from Dallas to a town near Silicon Valley. Zahid, 25, completed her studies in December, but so far she hasn't found a job in the industry that surrounds her. "It stings a little bit," she...

Side Hustles Are Back
Hark, the Return
of the Side Hustle
Jun 21, 2025 9:00 AM CDT

Hark, the Return of the Side Hustle

More US workers have multiple sources of income, especially younger generations

(Newser) - A slew of new surveys and studies point to a clear trend: Side hustles are back amid worries about what's in store for the economy.
  • More than 6 in 10 US workers say they'll probably get a second job or start a side hustle in the next year,
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