Tag: Unemployment
California’s Job Growth Stagnates as Businesses Flee
Companies such as Tesla, Oracle, Hewlett Packard Enterprises, and Chevron have relocated their headquarters out of the state. On Wednesday, the Hoover Institution releases a report showing that California’s private sector job growth reached a virtual standstill, with only 5,400 jobs added in the state’s businesses between January 2022 and June 2024. RELATED: California Governor […]
August 10, 2024
Paramount to Cut 15 Percent of US Workforce
The job cuts are part of a cost-saving plan aimed at reducing annual costs by US$500 million ahead of the Skydance merger. On Thursday, media conglomerate Paramount Global announced that it will cut 15 percent of its U.S.-based workforce, or about 2,000 jobs, as part of a broader cost-cutting plan. RELATED: President Joe Biden Suspects […]
August 9, 2024
7,860 Companies Disappeared Since Milei Became President of Argentina
From November to April, 74 percent of the job loss was focused on companies with more than 500 workers. On Monday, the Argentine Center for Political Economy (CEPA) published an analysis of labor and business dynamics from November 2023 to April 2024, covering the first months of President Javier Milei’s administration. RELATED: Milei’s TeleSUR Censorship […]
July 16, 2024
US Unemployment Rate Ticks Up to 3.9 Percent in April
On Friday, the U.S. Labor Department reported that U.S. employers added fewer-than-expected 175,000 jobs in April, with the unemployment rate again ticking up to 3.9 percent. RELATED: Florida Restricts Abortion Laws Without Considering Risks Job gains occurred in health care, social assistance, and transportation and warehousing, according to the department’s Bureau of Labor Statistics (BLS). Total […]
May 5, 2024
Argentine Workers Reject Massive Layoffs in the Public Sector
On Wednesday, thousands of former public employees and workers mobilized in Buenos Aires and other Argentine cities to reject the massive layoffs ordered by President Javier Milei. RELATED: Gen. Richardson Visits Argentina to Secure SouthCom Projects Members of the State Workers Association (ATE) attempted to enter the Labor Ministry headquarters and other buildings to carry […]
April 3, 2024
Argentina: Extreme Poverty Rises to Highest Level Since 2005
On Wednesday, the National Institute of Statistics and Censuses (INDEC) published a report showing that the urban extreme poverty rate in Argentina reached 11.9 percent in the second half of 2023, marking the highest rate since 2005. RELATED: Colombia Orders Expulsion of Argentine Diplomats From the Country Compared to the second half of 2023, this rate, which […]