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All articles tagged with #industries

industries19 hours ago

Defense Dept backs L3Harris with $1B for pre-IPO missile-motors unit

The Defense Department invested $1 billion in L3Harris via convertible preferred securities that will convert into common stock in an IPO planned for the second half of 2026, creating a majority-owned missile-solutions unit with the government as an anchor investor but no board seats. The move aims to expand U.S. missile capacity, and L3Harris stock rose toward record closes amid a broader defense-focused rally, though congressional approval could be required for the government stake.

via MarketWatch|
#arsenal-of-freedom#defense-department#industries
economics1 year ago

"Uncovering the Paradox: Job Growth Surges Amidst Rising Layoffs"

Despite high-profile layoffs in sectors such as technology, finance, and media, the U.S. economy has seen robust job growth, with an average of 248,000 jobs added monthly over the past six months. Many companies that over-hired during the pandemic are now shedding jobs as the economy normalizes, leading to concentrated layoffs in specific industries. The economy continues to expand, and companies may be cutting jobs for various reasons, such as restructuring and recalculating demand. While high-profile job cuts make headlines, they do not significantly impact the vast U.S. economy, which continues to exhibit overall health in the job market.

via The Associated Press|
#economics#economy#employment
employment-trends2 years ago

Analyzing October's Jobs Report: Winners and Losers in Employment Trends

Some industries are experiencing growth in employment, while others are facing declines. Construction and healthcare sectors are seeing positive job growth, while manufacturing and information sectors are experiencing losses. The retail trade is under pressure from e-commerce operations, while leisure and hospitality are almost back to pre-pandemic levels. Government employment, particularly at the federal and local levels, has seen modest growth.

via WOLF STREET|
#employment#employment-trends#government
business2 years ago

"Unlocking the Value: MBA Pay Across Occupations and Industries"

MBA graduates from top business schools such as Harvard and Stanford can expect high starting salaries, with some earning over $200,000 in base and bonus during their first year. However, pay does not always align with school rankings, as graduates from lower-ranked schools like NYU Stern and Cornell can still earn competitive salaries. The choice of occupation also plays a role, with Stanford GSB graduates earning the highest starting packages in General Management and Finance, while Northwestern Kellogg is known for Marketing. Consulting offers the highest immediate payout, with many top programs offering starting salaries of $150,000 or more. The data on MBA pay by occupation and industry can help applicants understand which fields are emphasized by different schools and negotiate better salaries.

via Poets&Quants|
#business#business-school#industries
technology2 years ago

The Impact of AI on Industries and Transactional Drafting

Artificial intelligence is transforming the way we work in three key industries: healthcare, finance, and retail. AI-powered tools are being used to improve efficiency, automate tasks, and provide better customer service. While some jobs may be replaced by automation, AI is also creating new opportunities for workers with specialized skills in data analysis and machine learning.

via Financial Times|
#ai#automation#efficiency
business2 years ago

May Jobs Report Surprises with Strong Hiring Numbers.

The US economy added 339,000 jobs in May, beating expectations, with broad-based job gains across different sectors. Professional and business services led the way, with the government sector hiring the second-largest number of employees. Health care and leisure and hospitality also saw substantial job gains. The unemployment rate climbed to 3.7% from 3.4%, but the duration of unemployment remains low, indicating that jobs remain plentiful. Only two sectors, manufacturing and information, shed jobs last month.

via Fox Business|
#business#hiring#industries
technology2 years ago

Google CEO Sundar Pichai on the Impact of AI on Society and Professions.

The level of conversation happening about AI is not right, either we're talking about it way too much or way too little. The AI boom that was catalyzed by OpenAI's ChatGPT early this year is at a fever pitch, with Google's annual I/O developer conference on Wednesday serving as the latest showcase for the nascent technology. No serious executive at this point doesn't have a response to questions about what a company's AI strategy might be.

via Yahoo Finance|
#ai#business#industries
business2 years ago

Industries buck trend as job market heats up for college grads.

The job market for college graduates has shifted since May 2022, with hiring overall cooling significantly. While there are still plenty of available jobs for the Class of 2023, hiring has partly shifted from fields that dominated campus recruitment in recent years, such as tech, finance, and logistics, to health care, education, retail, and construction. The growth of the labor market is still strong but it's slowing down, and the opportunities have shifted to other industries. Some industries will likely bring on more grads than in the past, such as food and beverage, retail, education, health care and social assistance, and accounting.

via USA TODAY|
#business#college-graduates#hiring
business2 years ago

Mixed Results in April Jobs Report

Despite high-profile companies like Amazon, Disney, and General Motors cutting staff, employers across the economy added jobs in April. The tech, finance, construction, and manufacturing industries saw employment hold up, while hiring expanded in other fields such as restaurants and hospitals. The Labor Department reported that overall, thousands of jobs were added in April, providing an update on the health of U.S. consumers and how companies are responding to higher borrowing costs.

via The Wall Street Journal|
#business#employment#hiring
business2 years ago

April Jobs Report: Strong Job Growth Despite Economic Uncertainty

The latest jobs report showed a decrease in the unemployment rate to 3.4% in April after 253,000 jobs were added last month. However, hiring is concentrated in a few industries such as professional and business services, health care, leisure and hospitality, specialized construction contractors, and food and drinking services. The employment services industry saw the largest layoffs, with 24,000 job cuts last month. Other notable job cuts were in transit and ground passenger services and building construction. Companies are focusing on efficiency and cutting costs after two years of spending to fill vacancies.

via CNN|
#business#hiring#industries
business2 years ago

The Uncertain Future of Wages and Inflation in the US Labor Market

Wages are currently outpacing inflation, but a looming recession could change that. However, workers who switch jobs and those in industries struggling to hire, such as leisure and hospitality, are still enjoying higher wages. Employers are having a hard time hiring due to a constrained labor supply and workers wanting higher-paying or remote jobs. Some industries, such as health care, may still see demand during a recession. The US labor market is holding up, but economic growth is slowing and the manufacturing sector is contracting.

via CNN|
#business#industries#inflation
business2 years ago

Mixed Signals for Job Market: Industries Losing Jobs While Some Workers See Pay Increase

The US job market has been strong, but a historic surge in employment is showing signs of petering out. The percentage of industries adding positions averaged in the 70s, but in February, the portion of industries adding jobs fell to 56%, the lowest share since April 2020. Industries particularly sensitive to Fed rate hikes have lost jobs, such as technology and housing. If the share of industries growing jobs in March remains weak or declines further, it could be a hint of further trouble ahead.

via USA TODAY|
#business#economy#industries