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California Faces Economic Growth Amid Rising Unemployment Due to AI and Global Tensions

California Faces Economic Growth Amid Rising Unemployment Due to AI and Global Tensions

California Faces Economic Growth Amid Rising Unemployment Due to AI and Global Tensions

US weekly jobless claims increase more than expected; labor market remains stable

US weekly jobless claims increase more than expected; labor market remains stable

WASHINGTON, June 4 (Reuters) - The number of Americans filing claims for unemployment benefits increased more than expected last week, but the underlying trend remained consistent with a stable labor market.

WalletHub Study Ranks U.S. States by Economic Performance, Highlighting California's Global Standing

WalletHub Study Ranks U.S. States by Economic Performance, Highlighting California's Global Standing

WalletHub Study Ranks U.S. States by Economic Performance, Highlighting California's Global Standing

California Assembly Passes AI Workforce Protection Bill Amid Job Displacement Concerns

California Assembly Passes AI Workforce Protection Bill Amid Job Displacement Concerns

Assemblywoman Pilar Schiavo's AI Deployment & Workforce Displacement Assessment bill (AB 2545) has passed the California State Assembly. The bill aims to address the impact of artificial intelligence on job loss and the state's economy, as major corporations like Meta, Oracle, and UPS continue to lay off workers in favor of AI investments. The legislation seeks to provide policymakers with the necessary data to mitigate the effects of AI-driven job displacement. It proposes the creation of an advisory panel to assess AI's impact on the workforce and recommend policies to support displaced workers. The bill's passage coincides with Governor Gavin Newsom's executive order for state agencies to prepare for AI-related economic disruptions.

Slower, but steady US job growth anticipated in May

Slower, but steady US job growth anticipated in May

By Lucia Mutikani WASHINGTON, June 5 (Reuters) - U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable labor market conditions.

World shares mostly decline, with South Korea's Kospi down more than 5%

World shares mostly decline, with South Korea's Kospi down more than 5%

World shares are mostly lower and South Korea's benchmark dropped more than 5% after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures were also trading mixed, while oil prices slipped

U.S. Job Growth Exceeds Expectations in May, Increasing Likelihood of Fed Rate Hike

U.S. Job Growth Exceeds Expectations in May, Increasing Likelihood of Fed Rate Hike

U.S. Job Growth Exceeds Expectations in May, Increasing Likelihood of Fed Rate Hike

U.S. Business Travel Generates $623 Billion Economic Impact in 2024

U.S. Business Travel Generates $623 Billion Economic Impact in 2024

U.S. Business Travel Generates $623 Billion Economic Impact in 2024

U.S. Labor Market Surges with 172,000 New Jobs in May, Unemployment Steady at 4.3%

U.S. Labor Market Surges with 172,000 New Jobs in May, Unemployment Steady at 4.3%

U.S. Labor Market Surges with 172,000 New Jobs in May, Unemployment Steady at 4.3%

Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates

Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates

Stocks are sinking on Wall Street as big technology companies lost ground and weighed down the broader market

The US job market is strong but many Americans are still frustrated by prospects and rising prices

The US job market is strong but many Americans are still frustrated by prospects and rising prices

U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war

US factory orders post biggest gain in 11 months in April

US factory orders post biggest gain in 11 months in April

WASHINGTON, June 3 (Reuters) - New orders for U.S. factory goods posted their biggest increase in nearly a year in April amid strong demand for commercial aircraft and a range of other goods.