Man vs. Machines, the battle between the two is on the rise especially in terms of jobs. For many years, people have always feared the invention of machines because, as more items are being automated, people are starting to lose their jobs since manual work is not needed anymore.
The U.S. unemployment rate dropped to a 5.3 percent seven-year low as employers provided 223,000 jobs in June. Wages, however, failed to increase and other economic indicators of the job market remain unpredictable.
U.S. stock index futures were slightly lower on Monday after the markets leapt on Friday on strong jobs data that showed the U.S. economy was picking up steam, but not by enough to raise concerns about an earlier-than-expected interest-rate rise.
U.S. job growth likely rebounded last month and the unemployment rate probably dropped to a near seven-year low, signs of a pick up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.
Sports shoe maker Nike Inc put its weight behind President Barack Obama's push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 U.S.-based manufacturing jobs if the pact is approved.
Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.
U.S. retailer Target Corp (TGT.N), which has been battling back after a massive data breach and sluggish performance, on Tuesday said it will eliminate several thousand jobs, mainly from headquarters locations in the United States andIndia, as it aims to cut $2 billion in costs over two years.
General Motors (GM.N) is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to sport utility vehicles (SUVs).
UK shares enjoyed a slight lift on Friday after fresh stimulus measures from the European Central Bank (ECB) underpinned European markets, though investors remained cautious ahead of a closely watched U.S. jobs report.