The #stock #market keeps breaking records and so do #profits of #corporations. But #jobs keep getting slashed. That is what their dream is. They keep hoping that the stupid #AI #Genai will help them lop off even more jobs. #Tax the #billionaires #oligarchs #plutocrats NOW! #unemployment #labor
#unemployment
The #stock #market keeps breaking records and so do #profits of #corporations. But #jobs keep getting slashed. That is what their dream is. They keep hoping that the stupid #AI #Genai will help them lop off even more jobs. #Tax the #billionaires #oligarchs #plutocrats NOW!
#unemployment #labor #justice #humanrights
No jobs report from BLS today (delayed until Dec. 16), but before the shutdown, the pre-Trump / post-Trump comparison in BLS data was very close to pre-Trump / post-Trump comparison in the ADP data.
This week, we got the latest jobs data comparison from ADP, through November:
Consumer spending stalled in September as #inflation continues to rise, orchestrated shutdown-delayed report shows
US consumer spending increased only marginally in September, suggesting a loss of momentum in the #economy at the end of the third quarter as a lackluster #labor market & rising cost of living curbed demand.
#Trump #tariffs #unemployment #affordability #CostOfLiving #recession #trumpcession
https://www.reuters.com/world/us/us-consumer-spending-moderates-september-2025-12-05/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement
CPH Daily Bulletin 12/3/2025
#California #unemployment set to rise as the economy continues to suffer
#Tariffs #ImmigrationRaids #BigTech #AI #Defense #MilitaryIndustrialComplex
ADP Jobs Report:
Private-sector job growth has collapsed under Trump.
His first 10 months have been a disaster for the labor market.
Private employers cut 32k #jobs in November, acc/to the payroll processing company #ADP. Economists are closely watching the company’s data because numbers from the Bureau of #Labor Statistics [#BLS] have been delayed [& are unreliable] by the federal govt shutdown, which ended last month but is continuing to have lingering effects on the nation’s economic stats.
#Trump #economy #inflation #tariffs #recession #unemployment #affordability #CostOfLiving #trumpcession
https://www.nytimes.com/live/2025/12/03/us/trump-news/d59c4e1b-0ff9-5512-a6b4-fd0adf144637?smid=url-share
"ADP unemp report shows🚨-32,000 #jobs lost in Nov (worst since Mar 2023).
Most INDs🚨were doing layoffs. The only ones still are hiring are hospitality & healthcare.
But look at employment by firm size. There's a K-shaped #economy among firms, too. Larger companies are still hiring.🚨Smaller firms (<50 wkrs) are doing the layoffs.🚨It's been a very tough year for small biz due to #tariffs & more selective spending from lower & middle-class #consumers."
-H Long
#Recession #Unemployment #USPol
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Lying on my bed in a suburban house looking out at the blue sky in my last week of #unemployment - this is lovely and I’d cheerfully do more of it. Later I’m helping my father deliver old appliances to the recycling centre, then delivering my girlfriend to meet with her friend who has a car but won’t pick her up. Feeling safe and secure but a bit #unloved.
'Shocked' employees ponder bleak Christmas after collapse of caravan manufacturer
By Josh Dye and Jessica Ross
Questions are being asked about why Zone RV fell into administration, leaving hundreds of workers unemployed and customers in limbo.
https://www.abc.net.au/news/2025-12-02/shocked-employees-sudden-collapse-zone-rv-caravans/106091752
#Work #BusinessEconomicsandFinance #Unemployment #Industry #CompanyNews #Manufacturing #SmallBusinesses #JoshDye #JessicaRoss
#poor #Poverty #Unemployment #Centerlink #CostOfLivingCrisis #RecordProfitsCrisis #homeless #houseless #Criminology #CriminalJustice
The last of my "savings" (sardonic quotes) are about to be used up. How do I sign up for unemployment benefits?
I'm in Texas, but my former employer is based in Pennsylvania. (IDK if any of that matters.)
Huge Black Friday lineup turns out to just be for Food Bank
Amid ‘instability and fear’ in Trump’s economy, Americans are cutting holiday spending https://www.theguardian.com/business/2025/nov/28/trump-economy-holiday-spending #Trumptariffs #Unemployment #Lifeandstyle #DonaldTrump #USeconomy #Christmas #Economics #Business #Tariffs #USnews
Amid ‘instability and fear’ in Trump’s economy, Americans are cutting holiday spending https://www.theguardian.com/business/2025/nov/28/trump-economy-holiday-spending #Trumptariffs #Unemployment #Lifeandstyle #DonaldTrump #USeconomy #Christmas #Economics #Business #Tariffs #USnews
Germany's unemployment figures have continued their upward trend in November, raising concerns about the nation's economic resilience and prompting renewed scru... https://news.osna.fm/?p=25205 | #news #germanys #rises #unemployment #yearonyear
Holidays suck, when you're unemployed. There are less listings, and all jobs that one has interviewed for are pending, because recruiters and hiring mangers are enjoying their time off. What adds to it is that I see all the seasonal gluten treats at the store and can't buy myself anything, because the few seasonal gluten-free items are only available at the more expensive stores that we can't afford right now.
New Zealand central bank cuts rates to over 3-year low, signals end to easing cycle
New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday,…
#NewsBeep #News #Headlines #businessnews #Centralbanking #Economy #Inflation #InterestRates #NewZealand #NZ #unemployment
https://www.newsbeep.com/273926/
"Traditional sectors are suffering. Since April, machinery giant John Deere has cut more than 2,000 jobs, citing cost increases blamed on Trump’s tariffs. The big three carmakers – Ford, GM and Stellantis – claim that tariffs will cost them US$7 billion in lost earnings in 2025, with severe consequences for pay and jobs.
Will the tech sector’s massive capital spends offset these losses? Most of the US$300 billion pledged by firms like Apple and Amazon is earmarked for AI infrastructure: high-powered data centres, custom chips, graphics processing units and cloud networks.
These are capital-intensive projects that generate short-term construction jobs but offer little in the way of long-term employment.
Simultaneously, tech companies are downsizing as they substitute AI for human labour. Microsoft announced layoffs of 6,000 and 9,000 employees from its 228,000-strong global labour force in May and July 2025, including 800 in Washington, Microsoft’s home state.
And what about the quality of the remaining jobs? At Amazon, for example, the company’s software engineers have described how it is using AI to cut jobs and speed up work. According to reports, tasks that previously took weeks are now expected to be completed in days. One engineer told journalists that his team was halved in size, but is expected to produce the same amount of code, using AI tools.
The environmental costs of AI are mounting. Researchers have found that data centres already consume 4.4% of the US’s electricity. By 2028, AI could require as much power as 22% of American households use annually."
#USA #Trump #ForeignInvestment #Unemployment #Environment #Energy #Layoffs #AI #DataCenters #AIInfrastructure
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