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What recession? Professional forecasters raise expectations for US economy in 2024
Read full article: What recession? Professional forecasters raise expectations for US economy in 2024This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago.
Applications for US jobless benefits fall again as labor market powers on
Read full article: Applications for US jobless benefits fall again as labor market powers onThe number of Americans applying for jobless benefits fell to its lowest level in five weeks, even as more high-profile companies announce layoffs.
Weighing In: Some say the truck driver shortage is not real, retention and pay for drivers are bigger issues
Read full article: Weighing In: Some say the truck driver shortage is not real, retention and pay for drivers are bigger issuesNews4JAX has gotten a lot of feedback from our viewers after reporting that the American Trucking Association predicts a nationwide truck driver shortage will be worse than ever in 2024. Truck drivers and logistics companies argue thatโs just not true and explain that the truck driver shortage is more of a retention problem.
Help Wanted: How a truck driver shortage could have a lot of people quitting their jobs and hitting the road
Read full article: Help Wanted: How a truck driver shortage could have a lot of people quitting their jobs and hitting the roadImagine making up to $20,000 a week. It's a possibility for some of the top truck drivers in the country. There is a major truck driver shortage right now, and it's predicted to reach a record high next year which could impact supply chain costs.
Job openings down in most industries, while layoffs spike
Read full article: Job openings down in most industries, while layoffs spikeLayoffs spiked in November compared with the previous month and the number of job openings slipped, a sign the job market has stalled as the resurgent coronavirus has forced new shutdowns of restaurants and bars and discouraged consumer spending. While the layoffs were concentrated among restaurants, bars and hotels, the slowdown in job postings was widespread across most industries, showing a reluctance by businesses to hire more people amid a pandemic fueled recession. Layoffs, however, soared 17.6% to 1.9 million, driven mostly by job cuts at restaurants, bars and hotels, which more than doubled. Tuesdayโs report, known as the Job Openings and Labor Turnover Survey, or JOLTS, adds more details about hiring and firing by businesses and government agencies. Last week, job postings website Indeed said that while companies listed more jobs in December, the pace had slowed from previous months.