US job openings rate climbs above 1.0 for first time in 13 months to 1.033 in April, with total openings surging to 7.618 million and exceeding market expectations, though concentration in professional services sector raises questions about sustainability of the recovery.
#YonhapInfomax #JobOpeningsRate #JOLTS #LaborMarket #FederalReserve #ProfessionalServices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=123584
[Global Chart]US Job Openings Rate Tops 1.0 for First Time in 13 Months

US job openings rate climbs above 1.0 for first time in 13 months to 1.033 in April, with total openings surging to 7.618 million and exceeding market expectations, though concentration in professional services sector raises questions about sustainability of the recovery.

Yonhap Infomax
2 But scale cuts both ways. As some #firms grow and others get disrupted, we will over time see a meaningful impact on the US #labormarket. #AI #usecon
Employment insurance helping fewer Canadians as workforce shifts to gig work, part-time jobs, new report finds
In its latest poverty report card, Food Banks Canada says the labour market has shifted toward part-time, temporary and contract work, while EI only caters to a shrinking workforce that has stable, full-time work with a single employer.
https://www.cbc.ca/news/canada/toronto/food-banks-canada-ei-report-9.7218767?cmp=rss
Federal Reserve Bank of Kansas City President Jeffrey Schmid warns inflation remains excessively high after exceeding 2% target for over five years, emphasizing continued vigilance on monetary policy while noting robust economic growth and balanced labor market conditions despite potential AI disruptions.
#YonhapInfomax #JeffreySchmid #KansasCityFed #InflationTarget #MonetaryPolicy #LaborMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=123066
Kansas City Fed President - 'Inflation Excessively High... Not Time to Lower Guard'

Federal Reserve Bank of Kansas City President Jeffrey Schmid warns inflation remains excessively high after exceeding 2% target for over five years, emphasizing continued vigilance on monetary policy while noting robust economic growth and balanced labor market conditions despite potential AI disruptions.

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Minneapolis Fed President Neel Kashkari emphasizes inflation control as top priority over labor market concerns, warning of aggressive response if inflation expectations become unanchored as April CPI reaches 3.8%
#YonhapInfomax #NeelKashkari #InflationRate #FederalReserve #ConsumerPriceIndex #LaborMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=122664

Only 2% of executives attributed major staff reductions to actual AI deployment. 60% made cuts in anticipation of efficiencies that have not arrived. AI was the leading reason cited for U.S. job cuts in March and April 2026: 49,135 cuts through April alone.

https://readuncut.com/94-will-keep-spending-on-ai-even-when-it-fails/

#Layoffs #JobCuts #AIimpact #WorkersRights #LaborMarket #Employment #EconomicPolicy

94% will keep spending on AI even when it fails

Somewhere on the 40th floor of a building you would recognize, a room full of people who could not create an email account without calling someone from IT is making the largest capital allocation decisions in the history of American business. They are the board of directors, the people with

Read Uncut
New research shows which jobs, regions most at risk from AI
The structural shift is shifting geographic boundaries. A comprehensive macroeconomic study isolates the precise white-collar sectors and logistical hubs facing immediate disruption as automated workforce platforms achieve native multi-tier task execution.
#FutureOfWork #Macroeconomics #Automation #TechImpact #LaborMarket #EmploymentTrends
https://www.technology-news-channel.com/new-research-shows-which-jobs-regions-most-at-risk-from-ai/
New research shows which jobs, regions most at risk from AI

New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial[...]

Technology News
US initial jobless claims fell to 209,000 for the week ending May 16, matching market expectations and declining 3,000 from the previous week, while continuing claims rose to 1.782 million, signaling mixed labor market conditions as the four-week moving average dropped to 202,500.
#YonhapInfomax #JoblessClaims #USDepartmentOfLabor #LaborMarket #UnemploymentBenefits #ContinuingClaims #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=121862
US Weekly Jobless Claims Fall to 209,000, Below Expectations

US initial jobless claims fell to 209,000 for the week ending May 16, matching market expectations and declining 3,000 from the previous week, while continuing claims rose to 1.782 million, signaling mixed labor market conditions as the four-week moving average dropped to 202,500.

Yonhap Infomax
Wells Fargo maintains forecast for two Fed rate cuts in 2026 despite recent inflation spike, arguing Middle East-driven energy price pressures are temporary and self-limiting unlike demand-driven inflation, with weakening labor market expected to prompt Fed action this summer to support economic growth.
#YonhapInfomax #WellsFargo #FederalReserve #InterestRateCuts #InflationPressure #LaborMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=120755