Will AI lead to layoffs? Are people already losing their jobs to AI? While overall employment in the U.S. is still relatively low, there is considerable speculation that the adoption of generative AI was a cause of recent layoffs and slowed hiring, particularly in the tech industry, for entry-level workers, and in customer service and programming jobs. More may be coming: Leading CEOs-including those from Ford, Amazon, Salesforce, and JP Morgan Chase-have proclaimed that many white-collar jobs at their companies will soon disappear.
The study by the Fraser of Allander Institute found that the professional men's and women's game, alongside the national teams, generated 820m during the 2023/24 season when fan spending was included. Without spectator-related expenditure, the sport's direct economic contribution stood at 545m, supporting the equivalent of 9,245 full-time jobs rising to14,315 with matchday spending added. Attendances at professional matches involving Scottish teams topped 6.8 million during the 2023/24 campaign.
The chill's grip on us finally loosens today, as cold temperatures this morning yield to a high around 50 by mid-afternoon. A low near 30 overnight. You can find me on Bluesky, I'm @abeaujon.87 on Signal, and there's a link to my email address below. This roundup is available as a morning email newsletter. Sign up here. I can't stop listening to: Taisha Estrada, " El Abstracto ." This Puerto Rico-born DC-area artist has an astonishingly beautiful singing voice.
The average American has always been misinformed about basic economic and political realities, but not to this degree. Something has fundamentally changed in how people perceive the economy, and this is far more than just media misinformation (which does play a big part). We can actually measure people's sentiment in myriad ways, and with the holiday season on the horizon, the Conference Board's Consumer Confidence Index fell to a seven month low of 88.7 in November, missing analysts' expectations today of 93.2.
A national survey of artists, commissioned by the Mellon Foundation, in partnership with NORC at the University of Chicago, has revealed a closer look at the livelihoods of US artists. The 102-page report takes into account 2,618 artists' work and jobholding, earnings, health and wellbeing, and personal identifiers such as age, marital status, gender, and race. The comprehensive study considered artists across five artistic disciplines: performing arts, visual arts, writing, craft arts, and other arts that were broken down into in 37 artistic subdisciplines;
A woman sought advice from the Reddit community after she was fired from her family's business and refused to transfer the company's website that she had built and maintained for years. When they demanded she transfer the complex website she had built, she refused, offering instead to let them copy it and take the domain. Now, she's wondering if she's wrong for standing her ground
The steep rise in hospitality wages to a record high will come as a big concern to the sector, particularly following a prolonged period of subdued sales. This puts more pressure on margins, with every £1 increase in wages also leading to additional employers' NIC, resulting in a double whammy on operators' costs.
This 3.5% increase, equating to 191,000 new businesses since last year, is a testament to the resilience and entrepreneurial spirit driving our economy, and it is heartening to see so many individuals taking the initiative to establish their own ventures, but as chancellor Rachel Reeves recently said, the UK's economy "isn't broken, but it does feel stuck". Addressing this issue needs to be a priority for the survival of SMEs within turbulent market conditions.
Burey, who is Black, was no stranger to workplace hypocrisy; as she sees it, the office is a petri dish where the knotty dynamics of society are concentrated. At the time of the accusation in February 2020, however, all she could do was laugh. "I was like, you knew who I was before you poached me. This is exactly what you wanted me to do," she says over Zoom.
THE FAI have lodged their pre-budget submission with government for the support of League of Ireland academies with the football organisation looking for an initial amount of €4.45m per annum for two years that will create a total of 81 new jobs in clubs around the country before a jump to €8m annually with the hope of creating 340 full and part-time jobs to kickstart an industry.
On one level this data shows a stable labour market performing as expected - albeit not particularly strongly. Unemployment is holding steady and in line with expectations, while wages continue to rise faster than inflation. However, underneath that there are some worrying signs. Vacancies have fallen by 10,000 in the quarter to August, a 38th consecutive fall, and is less than half the number of people currently claiming unemployment benefits.
There's little doubt that autistic people are the most unemployed, underpaid, and overeducated disability population. While no research suggests that autistic people are poor workers, there is research that shines a light on how well their bottom-up processing and "noisy brains" make them particularly suited for plenty of productive work. Autistic people may face serious challenges in the work world because of their sensitivity to social justice, their lack of awareness of hierarchy.
UK businesses cut jobs at the fastest pace in four years over the summer, according to a Bank of England survey highlighting the impact from tax rises on employers. The monthly snapshot from a survey of chief financial officers at British businesses of all sizes showed firms reduced employment by an annual rate of 0.5% in the three months to August, the fastest since 2021.
Since the Trump tariffs were announced in April, financial markets have tried to assess their effects on inflation and employment. It turns out that both economic indicators are getting worse. The core consumer price index rose from 2.9% in June to 3% in July, while the unemployment rate rose from 4.1% to 4.2%. Job growth slowed way down, with nonfarm payrolls increasing a total of just 106,000 jobs from May through July, compared to 380,000 in the three months before that.
