DAVOS, Switzerland - Almost 40 percent of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend which is likely to deepen inequality, according to the International Monetary Fund. In a Sunday blog post, IMF chief Kristalina Georgieva called for governments to establish social safety nets and offer retraining programs
NEW YORK - Who’s hiring right now? That may seem like an odd question with all the headlines about layoffs and projections for a slowdown. But the labor market is like a two-sided coin: Layoffs tallied about 100,000 in January, according to a recent report. But at the same time, employers added 517,000 jobs last month,
DETROIT – A quarterly economic survey released by Business Leaders for Michigan shows the state’s top executives have confidence in their Michigan operations and high demand for qualified talent, even with potentially softening economic conditions. Michigan business leaders’ concerns over filling jobs has remained overwhelmingly high at 78%, with 81% of respondents citing a lack
DETROIT - Entrepreneurs, economic experts, public officials, and many more tout the benefits of innovation in the modern economy. Innovation can drive economic growth by creating new jobs or industries, improving efficiency and productivity, and raising quality of life. Some economists have calculated that innovation contributes approximately 50% of annual U.S. GDP growth. Jobs in
WASHINGTON DC - The Manifest surveyed 1,003 small business owners and managers and found that 55% of small businesses are planning to add more employees to their team in 2022. Social media platforms such as LinkedIn are playing a huge role in helping small businesses (60%) find credible candidates. However, a clear majority of the
LANSING — Local talent development and employment successes were among those celebrated by state leaders at the Michigan Works! Association Impact Awards this week. Local lawmakers and statewide talent development officials gathered virtually, and in-person, on Thursday, March 24 to recognize local resident Billy Truong, Homewatch Caregivers of Washtenaw, Washtenaw Community College, as well as
DETROIT - Most people want to find a job that keeps up with inflation and provides some level of work-life flexibility, but they also want to be happy. After all, most Americans spend at least eight hours a day working — and often without paid time off. It’s the $125,000 question in an increasingly unpredictable labor
SAN FRANCISCO – A new survey shows 69 percent of remote employees have another full or part-time job. Thirty-seven percent of respondents with multiple jobs have a second full-time job, 45 percent of whom say they work remotely. Additionally, most people with two full-time jobs work fewer hours than the standard for full-time employment. Forty-seven
DETROIT - During this record-breaking labor crisis, a study finds Michigan has nearly enough jobs to employ every one of its residents. The state has 0.81 unfilled jobs per unemployed person, the No. 23 lowest rate in the country. Our nation’s capital has been the hardest hit -- with 2.37 open jobs per unemployed resident and
LAKE ORION—American Battery Solutions Inc., the Lake Orion-based maker of lithium ion batteries, announced an increase in size of its Michigan Innovation Center from 40,000 square feet to 115,000 square feet, a move that will create 75 jobs. Financial details of the expansion were not disclosed. Company officials said the expansion and employment growth supports
