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Remote work is worsening youth unemployment, New York Fed finds
Both remote work and youth unemployment are on the rise since the Covid pandemic — and the two trends are related, according to new research by the Federal Reserve Bank of New York. The unemployment rate for young college graduates swelled to 5.6% in March 2026 from 3.6% in March 2019, the New York Fed economists wrote in a blog post published Monday. They estimate that remote work can account for 64% of the recent increase.
As layoffs across tech industry cross over a lakh, position for this engineering job has gone up 700%
Technology industry has cut over a lakh jobs in 2026. One engineering role has done the exact opposite—postings are up 729% in a year, and the pay sits between $170,000 and over $200,000. The job is forward-deployed engineer, or FDE, and right now it might be the only safe seat in the industry.
The NBA's new face is here and he is unlike anything we've ever seen
analysis As Victor Wembanyama makes his NBA Finals debut, the league's new face is on its biggest stage Thu 4 Jun 2026 at 6:05am If you've been following the NBA closely over the past decade, then you'll know of the league's quiet problem. It has been creeping up year after year like the monster behind the hero in a horror movie — seemingly invisible yet unshakably present. The problem is who exactly the NBA's next face is going to be.
Remote work blamed for rise in unemployment rate for recent college grads
Remote work blamed for rise in unemployment rate for recent college grads These findings align with the current ‘low-hire, low-fire’ state of the job market - Bookmark The surge in remote work since the pandemic has made businesses less inclined to hire young, inexperienced staff, emerging as the primary factor behind elevated unemployment rates for recent college graduates, a new study has revealed. Published Monday by the Federal Reserve Bank of New York, the research compared occupations...
Trump team walks back directive that required green card applicants to wait their home countries: report
Trump team walks back directive that required green card applicants to wait their home countries: report The move follows ‘enormous backlash’ to a May 22 memo from the US Customs and Immigration Services - Bookmark - CommentsGo to comments President Donald Trump's administration quietly scaled back a recent crackdown on green card applicants in response to "enormous backlash" from the business community, according to a new report. In a May 22 memo, U.S. Citizenship and Immigration Services...
Algorithmic Monocultures in Hiring
Over 90% of U.S. employers rely on hiring algorithms to screen job applicants. Many different employers use algorithms from the same few vendors. We conduct the largest empirical study of algorithmic hiring with data for 3.4 million real job applicants submitting 4 million applications to 156 employers across 11 market sectors.
reMarkable Paper Pure review: Great hardware held back by bad philosophy
reMarkable Paper Pure review: Great hardware held back by bad philosophy There's a lot riding on reMarkable's Paper Pure, a device that has to be a lot of things to a lot of people. It's got to be a worthy replacement to 2020's reMarkable 2, the e-paper slate that made the company a household name.
Trump's trade war has a new target: forced labor. The case behind it is far from simple
Since the Supreme Court struck down President Donald Trump's sweeping global tariff plan, the White House has had its eyes set on alternative pathways for carrying out the centerpiece of Trump's trade war agenda. Last week, one of these new pathways was unveiled, with the Office of the U.S. Trade Representative (USTR) proposing new tariffs of up to 12.5% on 59 countries and the European Union based around Section 301 of the Trade Act of 1974. The justification: Widespread failure, the USTR...
Young and unemployed? Remote work, not AI, may be the problem, study finds
Young and unemployed? Remote work, not AI, may be the problem, study finds Andrew Zinin Lead Editor The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday has found. The study, by the Federal Reserve Bank of New York, compared occupations that can be done remotely—such as software development—with those that are done in person,...
Donald Trump names William Pulte as interim DNI ahead of Tulsi Gabbard's departure
US President Donald Trump on Tuesday announced the appointment of William J Pulte, the director of the Federal Housing Finance Agency (FHFA), as the interim Director of National Intelligence (DNI), ahead of Tulsi Gabbard's departure from the post to care for her cancer-stricken husband. Also Read | From surf buddies to soulmates: How Tulsi Gabbard and husband Abraham Williams fell in lovePulte also heads the Federal Home Loan Mortgage Corporation ("Freddie Mac") and the Federal National...