Unemployment

US economy posts strong growth in Q4 but underlying weakness
Most economists expect a recession by the second half of the year, though a short, mild one compared to previous ones.
Published On 26 Jan 2023
Spotify to lay off 6% of its employees
The tech sector is facing a demand downturn after two years of pandemic-powered growth when it had hired aggressively.
Published On 23 Jan 2023
Google parent to lay off 12,000 employees in latest tech cuts
Among those losing their jobs are recruiters, corporate staff and people working on engineering and product teams.
Published On 20 Jan 2023
US unemployment claims fall unexpectedly, housing remains tight
Solid job growth and a tight labour market poured cold water on hopes that the US Fed would pause hiking interest rates.
Published On 19 Jan 2023

The layoffs, far larger than cuts by Microsoft last year, pile on to tens of thousands of tech-sector job cuts.

Hiring in December was smallest in two years, extending a hiring slowdown for most of 2022, aiding inflation fight.

Reports suggested economy ended 2022 on solid footing, despite layoffs in tech and finance, indicating more rate rises.

It said it needs to cut costs after rapid pandemic hiring left it with ‘too many people’ amid an economic slowdown.

New data shows a still-tight labour market while Q3 economy rebounded to 3.2 percent, revised up from 2.9 percent.

We look at the future of the workplace, the boss-worker power struggle and why job unhappiness is so high.

Drop indicates higher borrowing costs and the threat of an imminent recession were starting to impact spending.

Economists have cautioned against reading too much into the rise as the data are volatile around this time of year.

A growing number of strikes and labour protests is threatening industries all over the world.

Outlook was, however, darkened by news that manufacturing activity contracted in November for first time in 2.5 years.

Live