The U.S. economy added 517,000 jobs in January and the unemployment rate fell to 3.4 percent, the Labor Department said Friday. Economists had expected the economy to add 187,000 jobs and the unemployment rate to tick up to 3.6 percent. The range of forecasts by economists surveyed by Econoday was between a gain on payrolls of 150,000 to 260,000, a rather large range that suggests a higher level of uncertainty. On unemployment, the range of forecasts was 3.4 percent to 3.6 percent. The Labor Department’s Job Opening and Labor Turnover Survey, knowns as Jolts, showed that there were 11 million job openings at the end of December, around 1.9 vacancies for every unemployed person. Federal Reserve officials frequently cite the vacancy ratio as evidence that the labor market is so tight that it risks fueling inflation. In November, the preliminary report indicated the economy created 223,000 jobs, exceeding expectations for around 200,000. The unemployment rate was reported as … [Read more...] about Too Hot to Handle: America Created 517,000 Jobs in January and Unemployment Fell to 3.4%
French filmmaker documentary on 9 11
oneplus: OnePlus Ace 2 to come with 100W charging and dedicated power management chip
Close OnePlus 11R OnePlus ’ next smartphone in its home market is the OnePlus Ace 2 , successor to last year’s OnePlus Ace. The OnePlus Ace 2 is set to launch in China on February 7. Ahead of the official announcement, OnePlus has been teasing the smartphone, revealing some of the key details about the upcoming smartphone. In a Weibo post, the company advertised the upcoming OnePlus 11R as a “three-chip powerhouse.” The smartphone will be powered by the Snapdragon 8+ Gen 1, which will be paired with the SuperVOOC S power management chip and a graphics rendering chip. OnePlus has also confirmed that the OnePlus 11R will boast a 5000mAh battery. Further, the smartphone is also confirmed to come with 100W charging support, like the OnePlus 11. The company says that the 100W charger can power the battery from 0-50% within 10 minutes. The OnePlus Ace 2 is expected to debut in the international market as the OnePlus 11R, which is … [Read more...] about oneplus: OnePlus Ace 2 to come with 100W charging and dedicated power management chip
Facebook reaches milestone, crosses 2 billion daily active users
There was a time when Facebook dominated social media and had little to no serious competition. However, over the years, competition from platforms like TikTok and others have hurt the Zuckerberg-led company. During the past quarter, the company saw its revenue fall by more than 30%. However, it’s not all gloom for the social network as its latest earnings call reveals. The Meta-owned company Facebook now has over 2 billion daily active users. "Our community continues to grow and I'm pleased with the strong engagement across our apps. Facebook just reached the milestone of 2 billion daily active users,” said Facebook CEO Mark Zuckerberg in a statement. Read Also Meta to shut down social to-do list app 'Move' in March Facebook and sister apps saw a noticeable growth in user activity The earnings call report mentioned that the overall active users on Facebook as well as Meta ’s family of apps – which includes Instagram, Messenger, … [Read more...] about Facebook reaches milestone, crosses 2 billion daily active users
Meta’s plans to expand metaverse are up and running again: Here’s how
Facebook-parent company Meta has reportedly received a go-ahead from a court to complete its purchase of virtual reality startup Within Unlimited, after the US Federal Trade Commission (FTC) sought to block the deal saying the purchase could end the competition in the market. A report by Bloomberg cited people familiar with the ruling as saying that a US judge denied the FTC’s request for a preliminary injunction to block the proposed transaction. The judge also issued a temporary restraining order that will essentially block Meta from closing the transaction for a week. This gives time to the FTC to appeal the ruling. What’s the case? In July 2022, the FTC filed a complaint to block Meta from acquiring virtual reality studio Within, which makes the popular VR app Supernatural. FTC said that the Mark Zuckerberg-owned company bought Within to end competition in the fitness market. Meta already owns Beat Saber which is a lot similar to Supernatural. Read … [Read more...] about Meta’s plans to expand metaverse are up and running again: Here’s how