All articles tagged with #job losses
James Cameron urges a U.S. lawmaker that Netflix’s bid for Warner Bros. Discovery would be disastrous for the theatrical film business, predicting theaters would close, fewer big-budget releases would be made, and hundreds of thousands of American jobs could be lost, arguing the deal conflicts with Hollywood’s export and exhibition model.
High street retailers Claire's and The Original Factory Shop are entering administration due to tough trading conditions, low Christmas sales, and challenging economic factors, risking 2,500 jobs and highlighting the struggles faced by brick-and-mortar stores in the current retail environment.
US non-profit organizations are reducing jobs due to a decline in government and donor funding, highlighting financial challenges in the sector.
The closure of Tyson Foods' beef processing plant in Lexington, Nebraska, is estimated to cause nearly $3.3 billion in annual economic losses, including significant job cuts, reduced income, and decreased tax revenues, primarily impacting Dawson County and surrounding areas amid ongoing challenges in the cattle industry.
US unemployment rose to 4.6% in November, the highest since 2021, amid a cooling labour market with job losses in government and manufacturing sectors, but gains in healthcare and construction, reflecting ongoing economic uncertainty and policy impacts.
In November, private U.S. employers lost 32,000 jobs, with small businesses experiencing the largest decline of 120,000 jobs, reflecting a broad economic slowdown and challenges from recent policies, according to ADP. The report highlights ongoing employment instability amid economic pressures and delays in official government data due to the shutdown.
US private payrolls declined by 32,000 in November mainly due to small business layoffs, but this may not reflect the overall labor market health, as government data shows low layoffs and the ADP report's reliability is questionable. Import prices remained unchanged in September, with tariffs and currency fluctuations influencing costs. The upcoming official employment report is delayed, and Federal Reserve rate decisions may be influenced by these mixed signals.
In November, U.S. private payrolls unexpectedly declined by 32,000, primarily due to significant job cuts in small businesses, signaling a slowdown in the labor market. Larger firms added jobs, but the overall decrease was the largest since March 2023, raising concerns ahead of the Federal Reserve's upcoming rate decision.
Virginia's economy is slowing significantly, with GDP growth dropping from 6.2% to 1.7%, job losses in major metro areas, and a decline in trade and manufacturing sectors, largely attributed to federal policy impacts under Trump. The next governor will need to address these economic challenges as the state's growth ranks among the lowest in the U.S.
Private payrolls declined by 32,000 in September, marking the largest drop in 2½ years, amid a government shutdown that delays key labor data releases, signaling a potential slowdown in the U.S. labor market despite overall economic growth.
The September ADP National Employment Report shows the private sector in the U.S. lost 32,000 jobs, with pay increases remaining steady at 4.5% year-over-year, indicating cautious hiring despite economic growth.
Claire's UK stores have been partially saved through a sale to Modella Capital, which will keep about 156 stores and 1,000 jobs, but 145 stores and around 1,000 jobs remain at risk as the company continues to assess its options amid ongoing financial difficulties.
Canada Post workers have initiated a nationwide strike in response to the Canadian government's call for major reforms to address financial and operational challenges, leading to service delays and concerns over job losses and delivery standards.
Following the assassination of Charlie Kirk, over thirty individuals across the U.S. have faced job losses, investigations, or calls for resignation due to social media posts criticizing or celebrating his death, sparking debates on free speech and political violence.
The Biden-era EPA policies aimed at reducing greenhouse gas emissions and promoting electric vehicles are projected to lower future gasoline prices and create jobs, but the Trump administration's proposed rollback could lead to higher gas prices and significant job losses, according to the agency's own analysis.