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Elon Musk Reportedly In Talks With China To Take Control of TikTok Amid Looming U.S. Ban

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Chinese officials are in preliminary talks about a potential option to sell TikTok’s operations in the United States to billionaire Elon Musk, should the short-video app be unable to avoid an impending ban, Bloomberg News reported on Monday. and run the business together, the report said. TikTok’s U.S.

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Mixed Jobs Report Leaves Fall Labor Market Strength In Question

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The other noteworthy aspect of the report was that average hourly earnings rose by 0.4% Bloomberg reports that much of the job growth was concentrated in the private-sector services including leisure, education, and health services. in August — surpassing the estimated 0.3% increase and marking a year-over-year rise of 3.8%.

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Soft Skills Now More Important For Executive Careers, New Report Finds

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The post Soft Skills Now More Important For Executive Careers, New Report Finds appeared first on Allwork.Space.

Skills 278
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Report Exposes Racial Inequities in U.S. Workforce, Calls for Reforms and Data Transparency

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A report from the Joint Center for Political and Economic Studies has cast a spotlight on how the U.S. less per hour than their white peers 10 years after entering the transportation, production, healthcare, and agriculture fields,” according to the report. The post Report Exposes Racial Inequities in U.S. labor market.

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Wages Rise and Job Growth Outpaces Expectations in Latest Labor Report

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In addition to the better-than expected increase in nonfarm payrolls reported by the Labor Department on Friday, wages rose at a solid pace last month. The closely watched employment report also showed the economy added 72,000 more jobs in July and August than previously estimated. The odds of a 50-basis-point cut were slashed to 9.0%

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Global Unemployment Holds Steady At Historic Low Of 5%

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Global unemployment remained steady last year at an historical low of 5%, where it is set to stay in 2025, the International Labour Organization said in a report on Thursday. While some European countries have seen unemployment fall in recent years, countries such as South Africa reported stubbornly high levels above 30% in 2024, it said.

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U.S. Private Payrolls Beat Expectations In January

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private payrolls growth picked up in January, the ADP National Employment Report showed on Wednesday. Economists polled by Reuters had forecast private employment advancing by 150,000 following a previously reported 122,000 gain in December. There is no correlation between the ADP and BLS employment report.

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