Jobs

The Trumpian boom: jobs rising more than double the predications, prior months revised higher. wage income beating inflation

The Bureau of Labor Statistics reported that 172,000 jobs were added in May, beating economist expectations of 85,000 while unemployment held at 4.3%.

The figure reported on Wednesday is above economists’ estimates of an increase of 99,000 jobs. The prior month's reading was revised lower to a gain of 62,000 jobs.

Bank of America announces plans to hire nearly 4,000 summer interns and full-time recruits from over 500 colleges and universities this summer.

Using 529 accounts allows tax-free growth for education savings, and experts say they remain the optimal vehicle to combat rising tuition costs over time.

Democratic Sen. Elizabeth Warren of Massachusetts has called for targeting the AI industry with taxes, suggesting taxing the energy utilized by AI data centers.

Meta will cut nearly 1,400 workers across Seattle, Bellevue, Redmond and remote positions in Washington state as the company accelerates its artificial intelligence overhaul.

AI automation anxiety is growing as over 85,000 tech jobs were cut through April 2026. One CEO says short-term job creation will come from AI tool adoption.

Detroit formally closed the largest municipal bankruptcy case in U.S. history after years of debt restructuring, balanced budgets and improving credit ratings.

Standard Chartered CEO Bill Winters walked back remarks about cutting thousands of jobs to replace workers with AI, calling his comments out of context.

Meta is restructuring its workforce around artificial intelligence, shifting thousands of workers into AI roles while flattening management layers and cutting jobs.

After more than a century in the community, the Ventura Coca-Cola distribution center is slated to shut down this summer following a May 8 WARN notice.

Starbucks said on Friday that it is slashing 300 U.S. support roles and closing some regional offices as part of its Back to Starbucks turnaround strategy.

Walmart is reportedly cutting or relocating 1,000 corporate jobs as it simplifies its operating structure and pursues a tech-focused growth strategy.