U.S. Added Just 22K Jobs in August as Unemployment Rate Rose to 4.3%
U.S. employers added just 22,000 jobs in August, a sharp slowdown that coincided with the unemployment rate climbing to 4.3%, highlighting emerging slack in the labor market.
Employment
Kraken Sheds ‘Hundreds’ of Jobs to Streamline Business Ahead of IPO, Sources Say
Kraken, the prominent cryptocurrency exchange, has reportedly laid off ‘hundreds’ of employees as part of a strategic effort to streamline operations in anticipation of its upcoming IPO. This move highlights the challenges facing the crypto sector amidst market volatility.
U.S. Added Just 12K Jobs in October, Far Short of 113K Expected
In a disappointing turn, the U.S. only added 12K jobs in October, falling far below the expected 113K. This unexpected slowdown raises concerns in the labor market.
Consensys to cut workforce by 20% — CEO outlines decentralization plans
Consensys, a blockchain technology powerhouse, is set to reduce its workforce by 20%. The CEO has unveiled plans for a decentralized future.
U.S. Added Blowout 254K Jobs in September, Unemployment Rate Dips to 4.1%
In September, the U.S. economy added an impressive 254,000 jobs, significantly exceeding expectations. This strong employment growth contributed to a decline in the unemployment rate to 4.1%, signaling robust labor market health amidst economic uncertainties.