A record 4.4 million people quit in September as Great Resignation shows no signs of stopping

[CNBC, Getty Images] A record-high 4.4 million people, or 3% of workers, quit their job in September, according to the Labor Department’s latest Job Openings and Labor Turnover Survey released Friday. The tight market, where workers have more leverage to move around and employers are doing everything they can to staff up, is […]

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Economy adds disappointing 194,000 jobs in September as schools reopen but COVID spikes linger

[USA TODAY, Getty Images] Hiring slowed again in September as a surge in COVID 19 cases offset the reopening of most schools and expiration of unemployment benefits, developments that were expected to coax some Americans back to work. The economy added 194,000 jobs and the unemployment rate, which is calculated from a different […]

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Cryptocurrency trading is stopping people from looking for full-time jobs: CareerBuilder CEO

[Yahoo! Finance, Shutterstock] The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: […]

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America’s worker shortage is real and getting worse by the day, US Chamber CEO says

(CNN Business) The US Chamber of Commerce on Monday announced a nationwide initiative to address the worker shortage in the US, calling the crisis the most critical and widespread challenge facing businesses. The initiative, called “America Works,” aims to mobilize industry and government to “swiftly address America’s deepening worker shortage crisis.” JPMorgan […]

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Wage rises and labor shortage are a ‘democratization’ of U.S. workforce, fund manager says

[CNBC, GETTY] While the U.S. labor force participation rate remains well below pre-pandemic levels, with April’s nonfarm payrolls growing by just 266,000 against forecasts of 1 million, workers’ wages have risen at their sharpest pace in years, and new unemployment filings continue to fall. McDonald’s, Chipotle, Bank of America and […]

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Biden administration unable to continue $300 weekly pandemic unemployment benefits that GOP governors are slashing

[CNN] The Labor Department has exhausted its options for continuing to pay an extra $300 a week in federal unemployment benefits to jobless people in the 22 GOP-led states that are ending them early, an administration official told CNN Thursday. Roughly 3.6 million out-of-work Americans will forgo a total of $21.7 billion […]

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