Scenes of a jobs crisis as NYC grapples with a labor shortage

Scenes of a jobs crisis as NYC grapples with a labor shortage

Startling new data has revealed that New York has seen a decline of about 300,000 people in its workforce since the pandemic. While New York added 13,500 jobs in December, that leaves the city below pre-COVID levels. Some in the city share their struggles with a labor shortage and declining business. The tourists are not … Read more

Fed Governor Waller backs quarter-point interest rate hike at next meeting

Fed Governor Waller backs quarter-point interest rate hike at next meeting

Christopher Waller, U.S. President Donald Trump’s nominee for Governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, DC, Thursday, February 13, 2020. Andre Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said on Friday he favored raising interest rates by a quarter of a percentage point … Read more

Netflix, Alphabet, Nordstrom, PagerDuty and more

Netflix, Alphabet, Nordstrom, PagerDuty and more

A sign is displayed outside a Google office on April 26, 2022 in San Francisco, California. Google’s parent company, Alphabet, will release its first quarter results today after the closing bell. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines before the bell: netflix – Streaming stock jumped more … Read more

Google to lay off 12,000 people, says memo from CEO Sundar Pichai

Google to lay off 12,000 people, says memo from CEO Sundar Pichai

Google said on Friday it would lay off 12,000 of its workforce, adding to a slew of major US tech companies shedding jobs amid fears of a looming recession. Google CEO Sundar Pichai said in an email to company staff on Friday that the company would begin layoffs in the United States immediately. In other … Read more