Meta laying off 11,000 as tech industry slashes jobs
The layoffs mark a tumultuous new period in Silicon Valley, as tech giants long known as bastions of economic power and recession-proof have shed huge numbers of workers in recent weeks.
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Meta expected to lay off thousands amid broader tech slowdown, report says
The industry’s job cuts come as tech firms warn of recession risk and race to cut costs after pandemic-era hiring binges.
U.S. jobs top forecasts, unemployment up in mixed picture for Fed
The report suggests demand for workers remains robust despite rapid interest-rate hikes and a darkening economic outlook. Layoffs, while rising, are still historically low, and competition to fill millions of vacant positions has driven rapid wage gains.
Honda chooses Ohio for $3.5B battery plant, will hire 2,200 people
The company had been expected to choose either Ohio, where it has a plant in Marysville, or Indiana, where it has a plant in Greensburg, for the battery factory. It announced Ohio as the location on Tuesday.
Another month of solid hiring suggests more big Fed hikes
America’s employers slowed their hiring in September but still added a solid number of jobs, likely keeping the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation.
U.S. job openings drop to 10.1M, lowest since June 2021
U.S. job openings plummeted in August, likely a welcome sign for Federal Reserve officials as they seek to cool demand for workers without triggering a spike in unemployment.
Coping with climate change making electrician a very hot career
The mantra of energy experts has been that we need to electrify everything. But installing all of that stuff—the solar panels, the heat pumps, the transmission lines—will require something that the United States doesn’t have: lots and lots of electricians.
Manufacturing tech grants helped Hoosier companies grow their workforce, report says
On average, recipients of the state’s Manufacturing Readiness Grants added five new jobs as a result of the technology investments.
Fewer Americans claim weekly jobless benefits
The number of Americans collecting traditional unemployment benefits fell by 19,000 the week that ended Aug. 13, to 1.42 million.
U.S. employers add 528,000 jobs; unemployment falls to 3.5%
The surprisingly strong jobs numbers will undoubtedly intensify the debate over whether the U.S. is in a recession or not.
Weekly applications for U.S. jobless claims up again
Applications for jobless aid for the week ending July 30 rose by 6,000, to 260,000, from the previous week’s 254,000, the Labor Department reported Thursday.
Semiconductor maker planning $1.8B plant, 750 jobs in Indiana
The project stands to receive more than $70 million in state economic development incentives and will hinge on whether it lands federal funding though the Creating Helpful Incentives to Produce Semiconductors, or CHIPS, program.
More workers picking up extra jobs to pay for gas, food
While people taking on multiple jobs is typically a sign of a healthy job market where workers have more job opportunities available, it is also a sign of increasing financial strain on Americans’ pocketbooks.
Panasonic picks Kansas for $4B, 4,000-employee battery mega-factory
The company and Gov. Laura Kelly announced the new project Wednesday, just hours after Kelly and eight top leaders of the Kansas Legislature signed off on a package of incentives worth $829 million over 10 years.
U.S. employers added surprisingly solid 372,000 jobs in June
The surprisingly strong gain will likely spur the Federal Reserve to keep raising interest rates to cool the economy and slow price increases.
U.S. job openings slip, but employment landscape remains solid
U.S. employers advertised fewer jobs in May as the economy has shown signs of weakening, though the overall demand for workers remained strong.
U.S. added 390,000 jobs in May as hiring remained robust
The job growth in May was high enough to keep the Federal Reserve on track to pursue what’s likely to be the fastest series of rate hikes in more than 30 years.
U.S. job openings decline from record level but remain high
The historically high number of unfilled jobs and the number of people quitting has forced employers to pay more to attract and keep staff. Those trends are driving solid wage gains for America’s workers, particularly those that switch jobs.
IndyCar, teams look at solutions for labor shortage in pits
The American labor shortage that has hit restaurants, factories and other industries also is becoming a concern in Gasoline Alley, where crew members and engineers are in short supply.
Indiana National Guard seeks employers for cybersecurity career fair
The Indiana National Guard’s cyber battalion is returning home from an out-of-state deployment this fall, and the Guard is seeking employers with Indiana jobs to offer the soldiers upon their return.