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Thursday, January 23, 2025 | 12:02 PM ISTEN Hindi

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Hiring In Us

After quiet quitting & quiet firing, are companies now quiet cutting?

Quiet cutting is a move by companies where they remove positions but do not fire any employees

After quiet quitting & quiet firing, are companies now quiet cutting?
Updated On : 28 Aug 2023 | 3:52 PM IST

US hiring stays brisk as employers add 223,000 jobs in Dec: Labor dept

America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may have to raise interest rates more aggressively to slow growth and cool inflation. The December job growth, though a decent gain, amounted to the lowest monthly increase in two years. The unemployment rate remained fell to 3.5%, matching a 53-year low, the Labor Department said Friday. Last month's job growth capped a second straight year of robust hiring during which the nation regained all 22 million jobs it lost to the COVID-19 pandemic. Yet the rapid hiring and the hefty pay raises that accompanied it likely contributed to a spike in prices that catapulted inflation to its highest level in 40 years. The picture for 2023 is much cloudier. Many economists foresee a recession in the second half of the year, a consequence of the Fed's succession of sharp rate hikes. The central bank's officials have projected that those increases will

US hiring stays brisk as employers add 223,000 jobs in Dec: Labor dept
Updated On : 06 Jan 2023 | 11:52 PM IST

Hurricane Harvey, Irma limit US hiring in Sept; services sector resilient

The two storms did cause delays in supply deliveries and a drawdown on inventories

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Updated On : 05 Oct 2017 | 11:29 AM IST