labor market trends
Global Companies Accelerate Job Cuts as AI Investments Drive Corporate Restructuring
Oct 29, 2025 07:31 pm CST
Major corporations worldwide are implementing significant workforce reductions as they seek returns on massive AI investments. Companies like Amazon, Nestle, and Target are focusing on white-collar positions vulnerable to automation, with over 45,000 jobs announced to be cut in October alone. While current data doesn't show a surge in layoffs, economists describe the labor market as stuck in a concerning "low-hiring, low-firing" phase that could potentially deteriorate further.
Japan's Unemployment Rate Rises to Highest Level in Over a Year Amid Labor Market Shifts
Oct 03, 2025 04:41 pm CST
Japan's unemployment rate increased to 2.6% in August, signaling potential changes in the labor market as companies face chronic worker shortages and wage pressures. Despite this slight cooling, the overall job market remains tight, with businesses increasingly turning to foreign workers and wage increases to address staffing challenges amid speculation about another Bank of Japan rate hike.