Fire, Marine & Casualty Insurance · US
In the news · 6
US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor market is weaker than previously thought after surprising strength earlier this year.
A spring surge rapidly faded as the summer brought higher prices and more uncertainty for businesses, even as they avoided layoffs.
Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday. The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed. Clau…
Cybersecurity hiring has reached a seven-quarter high, but employers are creating remarkably few entry points for the people they will need to become tomorrow’s experienced professionals
Private employment data suggests that the labor market might be tighter than the headline hiring numbers alone suggest, with worker pay accelerating alongside lackluster jobs growth. Why it matters: Employers are pulling back on hiring as they navigate an uncertain economic outlo…
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