Economy News Too Early To Call Impact Of Layoffs On Macro Economy
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Corporate profits are soaring even as layoffs mount. Economists call it a "jobless boom."

A trend that started in the technology sector is spreading to other industries, with businesses cutting workers even as their profits expand. Read More
Everyday Economics: Is AI to blame for the layoffs – or a late-cycle hangover?
U. S. employers announced 153,074 job cuts in October – the worst October since 2003 – and headlines rushed to blame AI. Read More
CBS News poll finds negativity on economy, job market and concerns about AI's impact

Anthony Salvanto, Ph.D., is CBS News' executive director of elections and surveys. He oversees the CBS News Poll and all surveys across topics and heads the CBS News Decision Desk that estimates ... Read More
Morning Bid: Selloff abates as economy hums, layoffs rise
The week's latest tech wobble calmed on Wednesday as service sector surveys impressed, although valuation concerns smoldered. Chip designer Qualcomm's stock fell back 4% overnight despite headline ... Read More
Government Shutdown, Gold Miners, AI Layoffs And More: This Week In Economy

From the potential impact of a government shutdown on the stock market to the future of AI companies and the gold mining industry, here are the top stories that shaped the week’s financial news. Read More
Amazon layoffs highlight impact of AI, some experts say: 'Wake-up call’
The AI-related layoffs at Amazon and some other firms reflect a "hollowing out of middle-skilled workers," Lynn Wu, a professor of operations, information and decisions at the University of ... Read More
Unemployment among federal works in CA spikes. What’s the impact on economy?

Unemployment claims from former federal workers haven risen more in California than almost any state in the country, a new analysis by the Century Foundation said Friday. The federal shutdown began ... Read More
Amazon layoffs highlight impact of AI, some experts say: 'Wake-up call’

(NEW YORK) -- Amazon is set to lay off thousands of corporate workers, despite billions in profits and lucrative lines of business spanning from e-commerce to cloud computing. The reason is artificial ... Read More
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