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A growing number of U.S. employers are expected to discontinue coverage for weight-loss drugs by 2027 due to escalating healthcare expenses. This shift reflects a trend where companies are re-evaluating benefits in response to increasing financial pressures.
Data for July indicates a decrease in planned layoffs by U.S. employers, while intentions for hiring have increased.
The US labor market demonstrated resilience in May, adding 172,000 jobs and significantly surpassing economists' expectations. This strong jobs report has eased fears of a slowdown in the labor market.
‘Chinamaxxing’: The Message This Gen Z Trend Is Sending U.S. Employers Forbes
A significant majority of U.S. employers indicate plans to increase their hiring this year, with specific top roles identified as their primary focus for recruitment.
The United States has called on Iran to publicly admit its involvement in recent attacks on ships in the Strait of Hormuz, as Oman hosts discussions aimed at reopening the vital shipping lane. These demands come amidst escalating tensions and warnings from Iran regarding its nuclear commitments.
U.S. employers announced 97,006 job cuts in May, marking a 16% increase month-over-month. This data indicates a notable rise in workforce reductions across the country.
U.S. employers unexpectedly cut 23,000 jobs in July, and job gains for the two previous months were weaker than initially reported, according to a Labor Department report, indicating a wilting labor market.
According to the Challenger Job Cuts report, US employers announced a 4% decrease in layoffs in June compared to the same month last year.
Restaurant owners are highlighting the importance of heritage while celebrating Cinco de Mayo, noting the significant economic footprint of Hispanic-owned businesses, which account for 8.4% of U.S. employers in 2024.