Category: News

Former employees sue Twitter over layoffs, alleging violation of labor laws

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Management of Compliance & Legal, News
Former Twitter employees have sued the social media giant, alleging that the company violated and planned to violate federal and state laws that govern mass layoffs. The lawsuit comes as a large fraction of Twitter’s employee base has been receiving layoff notices in the wake of Elon Musk’s $44-billion acquisition of the company. Twitter had...

U.S. job openings drop sharply, labor market starting to loosen

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News
WASHINGTON, Oct 4 (Reuters) - U.S. job openings fell by the most in nearly 2-1/2 years in August, suggesting that the labor market was starting to cool as the economy grapples with higher interest rates aimed at dampening demand and taming inflation. Despite the fifth month of decreases in job openings this year reported by...

Payrolls increased 528,000 in July

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News
Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6%, respectively. The unemployment rate is now...

Q2 Jobs Report

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News
Total nonfarm payroll employment rose by 372,000 in June, and the unemployment rate remained at 3.6 percent! See the full jobs report for the 2nd quarter of 2022. https://www.bls.gov/news.release/empsit.nr0.htm

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