Many companies are starting to hire again even though we're still fighting inflation.
New labor statistics show nearly 11 million job openings last month, translating to about two jobs open for every available worker. "Maybe there have been some layoffs recently," said Layla O'Kane, a senior economist at Lightcast."We're not seeing that by and large in the tech industry. The Bureau of Labor Statistics is saying, 'Hey, actually, job openings went up in September."
Digging deeper, there are few job openings at big companies like Meta, Apple or Google and more at venture-funded startups looking to grow with new investment money.
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Biden floats new taxes on oil companies amid record earningsBiden will push Congress to impose new taxes on oil companies if the industry doesn't take more action to lower fuel prices and boost domestic output, a White House official said. This is a good idea. The greedy oil companies are taking in record profits while consumers pay record high prices. It’s pure corporate greed, enabled by the oil oligopoly, and this is a smart way to combat it. JacquiHeinrich He lies. Or is it dementia?
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