US Employers Post Record Number of Open Jobs in August

U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth.

Job openings rose a slight 0.8 percent to 7.14 million, the highest on records dating back to December 2000, the Labor Department said Tuesday. That is also far more than the 6.2 million of people who were unemployed that month.

The number of available jobs has swamped the number of unemployed for five straight months. Hiring has been solid, which has pushed down the unemployment rate to a nearly five-decade low of 3.7 percent. Strong demand for workers when so few are out of work.

President Donald Trump celebrated the report on Twitter, tweeting: “Incredible number just out… Astonishing! It’s all working!” Trump added that the stock market was “up big” and referenced “Strong Profits.”

Yet so far, pay raises have been modest. Average hourly earnings rose 2.8 percent in September compared with a year earlier. That’s much higher than several years ago, but below the roughly 4 percent gain that is typical when unemployment is so low.

It’s a sharp turnaround from the Great Recession and its aftermath. In 2009, there were as many as six unemployed workers for each available job. Now, that number has fallen below one.

Employers hired roughly 5.8 million people in August, the report showed. That is also the most on record, but that increase partly reflects population growth. The percentage of the workforce that found jobs in August ticked up to 3.9 percent from 3.8 percent in July. That matched an 11-year high first reached in May.

Job openings rose in August in professional and business services, which include mostly higher-paying positions in engineering, accounting and architecture, as well as temporary help. Postings in that category have jumped 27 percent from a year ago.

Construction firms are also desperate for workers, posting 298,000 open jobs. That’s nearly 39 percent more than a year ago. Job openings also increased in finance and insurance and health care.

Openings fell in August from the previous month in manufacturing, retail, and slipped slightly in hotels and restaurants.

From: MeNeedIt

US Employers Post Record Number of Open Jobs in August

U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth.

Job openings rose a slight 0.8 percent to 7.14 million, the highest on records dating back to December 2000, the Labor Department said Tuesday. That is also far more than the 6.2 million of people who were unemployed that month.

The number of available jobs has swamped the number of unemployed for five straight months. Hiring has been solid, which has pushed down the unemployment rate to a nearly five-decade low of 3.7 percent. Strong demand for workers when so few are out of work.

President Donald Trump celebrated the report on Twitter, tweeting: “Incredible number just out… Astonishing! It’s all working!” Trump added that the stock market was “up big” and referenced “Strong Profits.”

Yet so far, pay raises have been modest. Average hourly earnings rose 2.8 percent in September compared with a year earlier. That’s much higher than several years ago, but below the roughly 4 percent gain that is typical when unemployment is so low.

It’s a sharp turnaround from the Great Recession and its aftermath. In 2009, there were as many as six unemployed workers for each available job. Now, that number has fallen below one.

Employers hired roughly 5.8 million people in August, the report showed. That is also the most on record, but that increase partly reflects population growth. The percentage of the workforce that found jobs in August ticked up to 3.9 percent from 3.8 percent in July. That matched an 11-year high first reached in May.

Job openings rose in August in professional and business services, which include mostly higher-paying positions in engineering, accounting and architecture, as well as temporary help. Postings in that category have jumped 27 percent from a year ago.

Construction firms are also desperate for workers, posting 298,000 open jobs. That’s nearly 39 percent more than a year ago. Job openings also increased in finance and insurance and health care.

Openings fell in August from the previous month in manufacturing, retail, and slipped slightly in hotels and restaurants.

From: MeNeedIt

US Employers Post Record Number of Open Jobs in August

U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth.

Job openings rose a slight 0.8 percent to 7.14 million, the highest on records dating back to December 2000, the Labor Department said Tuesday. That is also far more than the 6.2 million of people who were unemployed that month.

The number of available jobs has swamped the number of unemployed for five straight months. Hiring has been solid, which has pushed down the unemployment rate to a nearly five-decade low of 3.7 percent. Strong demand for workers when so few are out of work.

President Donald Trump celebrated the report on Twitter, tweeting: “Incredible number just out… Astonishing! It’s all working!” Trump added that the stock market was “up big” and referenced “Strong Profits.”

Yet so far, pay raises have been modest. Average hourly earnings rose 2.8 percent in September compared with a year earlier. That’s much higher than several years ago, but below the roughly 4 percent gain that is typical when unemployment is so low.

It’s a sharp turnaround from the Great Recession and its aftermath. In 2009, there were as many as six unemployed workers for each available job. Now, that number has fallen below one.

Employers hired roughly 5.8 million people in August, the report showed. That is also the most on record, but that increase partly reflects population growth. The percentage of the workforce that found jobs in August ticked up to 3.9 percent from 3.8 percent in July. That matched an 11-year high first reached in May.

Job openings rose in August in professional and business services, which include mostly higher-paying positions in engineering, accounting and architecture, as well as temporary help. Postings in that category have jumped 27 percent from a year ago.

Construction firms are also desperate for workers, posting 298,000 open jobs. That’s nearly 39 percent more than a year ago. Job openings also increased in finance and insurance and health care.

Openings fell in August from the previous month in manufacturing, retail, and slipped slightly in hotels and restaurants.

From: MeNeedIt

US Employers Post Record Number of Open Jobs in August

U.S. employers posted the most jobs in two decades in August, and hiring also reached a record high, fresh evidence that companies are desperate to staff up amid solid economic growth.

Job openings rose a slight 0.8 percent to 7.14 million, the highest on records dating back to December 2000, the Labor Department said Tuesday. That is also far more than the 6.2 million of people who were unemployed that month.

The number of available jobs has swamped the number of unemployed for five straight months. Hiring has been solid, which has pushed down the unemployment rate to a nearly five-decade low of 3.7 percent. Strong demand for workers when so few are out of work.

President Donald Trump celebrated the report on Twitter, tweeting: “Incredible number just out… Astonishing! It’s all working!” Trump added that the stock market was “up big” and referenced “Strong Profits.”

Yet so far, pay raises have been modest. Average hourly earnings rose 2.8 percent in September compared with a year earlier. That’s much higher than several years ago, but below the roughly 4 percent gain that is typical when unemployment is so low.

It’s a sharp turnaround from the Great Recession and its aftermath. In 2009, there were as many as six unemployed workers for each available job. Now, that number has fallen below one.

Employers hired roughly 5.8 million people in August, the report showed. That is also the most on record, but that increase partly reflects population growth. The percentage of the workforce that found jobs in August ticked up to 3.9 percent from 3.8 percent in July. That matched an 11-year high first reached in May.

Job openings rose in August in professional and business services, which include mostly higher-paying positions in engineering, accounting and architecture, as well as temporary help. Postings in that category have jumped 27 percent from a year ago.

Construction firms are also desperate for workers, posting 298,000 open jobs. That’s nearly 39 percent more than a year ago. Job openings also increased in finance and insurance and health care.

Openings fell in August from the previous month in manufacturing, retail, and slipped slightly in hotels and restaurants.

From: MeNeedIt

Huawei Launches New flagship Phones in Bid to Keep No. 2 Spot

Huawei unveiled new flagship smartphones with novel smart camera and video features on Tuesday, as it seeks to sustain momentum among price-conscious consumers.

The Chinese company, which overtook Apple this year to become the No. 2 smartphone maker by units – behind South Korea’s Samsung (005930.KS) – introduced its Mate 20 phone series using Leica camera technology.

Huawei’s new premium phone line-up has four models available around the world, expect in the United States where sales are effectively banned over whispered national security concerns.

The new line-up includes the Mate 20, with list prices ranging from 799-849 euros ($925-$983), depending on memory configuration.

The fuller-featured Mate 20 Pro, is priced as low as 799 pounds at some UK retailers and list priced at 849 pounds or 1,049 euros across Europe. A comparable iPhone X Max from Apple costs 1,099 pounds in the UK.

The new phones include a new ultra-wide angle lens, as well as a 3x telephoto lens and a macro that shoots objects as close as 2.5 centimeters (1 inch).

Mate P20 models take advantage of artificial intelligence features built into Huawei’s own Kirin chipsets.

Features available to Mate 20 users include being able to isolate human subjects and desaturate the colors around them in order to highlight people against their backgrounds.

Huawei incorporates bigger light-sensing chips than rival phones to take better pictures in low-light conditions.

Gartner analyst Roberta Cozza said that in a highly commoditized smartphone market of look-alike phones, Huawei is managing to differentiate itself with camera and personalization features.

“With the Mate 20, Huawei is setting the bar for what users can expect from photography using a smartphone,” Cozza said.

The Chinese phone maker managed to surpass Apple to take the No. 2 spot in the second quarter, industry data shows, despite being effectively excluded from the U.S. market.

However, Apple commanded 43 percent of the premium market and a lion’s share of profits, CounterPoint Research estimated.

“Huawei is clearly ticking all the key boxes needed to displace rivals – and not just Android-powered rivals,” said Ben Wood, research chief of mobile industry consulting firm CCS Insight.

Wood said Huawei’s move to match Apple iPhone’s characteristic swipe gestures and face unlock features on its Mate 20 Pro could, in theory, make it easier for committed Apple buyers to switch, although he said that was unlikely near term.

“But it’s clear that Huawei has an eye on the future and is ready to take share from Apple if the time comes that a loyal iPhone owner decides to try something else,” he said.

The new premium phone line-up from the world’s biggest telecom equipment maker includes four models, the Mate 20, Mate 20 Pro, Mate 20 X, with a 7.2 inch display screen, and a Porsche Design limited edition phone.

From: MeNeedIt

Huawei Launches New flagship Phones in Bid to Keep No. 2 Spot

Huawei unveiled new flagship smartphones with novel smart camera and video features on Tuesday, as it seeks to sustain momentum among price-conscious consumers.

The Chinese company, which overtook Apple this year to become the No. 2 smartphone maker by units – behind South Korea’s Samsung (005930.KS) – introduced its Mate 20 phone series using Leica camera technology.

Huawei’s new premium phone line-up has four models available around the world, expect in the United States where sales are effectively banned over whispered national security concerns.

The new line-up includes the Mate 20, with list prices ranging from 799-849 euros ($925-$983), depending on memory configuration.

The fuller-featured Mate 20 Pro, is priced as low as 799 pounds at some UK retailers and list priced at 849 pounds or 1,049 euros across Europe. A comparable iPhone X Max from Apple costs 1,099 pounds in the UK.

The new phones include a new ultra-wide angle lens, as well as a 3x telephoto lens and a macro that shoots objects as close as 2.5 centimeters (1 inch).

Mate P20 models take advantage of artificial intelligence features built into Huawei’s own Kirin chipsets.

Features available to Mate 20 users include being able to isolate human subjects and desaturate the colors around them in order to highlight people against their backgrounds.

Huawei incorporates bigger light-sensing chips than rival phones to take better pictures in low-light conditions.

Gartner analyst Roberta Cozza said that in a highly commoditized smartphone market of look-alike phones, Huawei is managing to differentiate itself with camera and personalization features.

“With the Mate 20, Huawei is setting the bar for what users can expect from photography using a smartphone,” Cozza said.

The Chinese phone maker managed to surpass Apple to take the No. 2 spot in the second quarter, industry data shows, despite being effectively excluded from the U.S. market.

However, Apple commanded 43 percent of the premium market and a lion’s share of profits, CounterPoint Research estimated.

“Huawei is clearly ticking all the key boxes needed to displace rivals – and not just Android-powered rivals,” said Ben Wood, research chief of mobile industry consulting firm CCS Insight.

Wood said Huawei’s move to match Apple iPhone’s characteristic swipe gestures and face unlock features on its Mate 20 Pro could, in theory, make it easier for committed Apple buyers to switch, although he said that was unlikely near term.

“But it’s clear that Huawei has an eye on the future and is ready to take share from Apple if the time comes that a loyal iPhone owner decides to try something else,” he said.

The new premium phone line-up from the world’s biggest telecom equipment maker includes four models, the Mate 20, Mate 20 Pro, Mate 20 X, with a 7.2 inch display screen, and a Porsche Design limited edition phone.

From: MeNeedIt

Huawei Launches New flagship Phones in Bid to Keep No. 2 Spot

Huawei unveiled new flagship smartphones with novel smart camera and video features on Tuesday, as it seeks to sustain momentum among price-conscious consumers.

The Chinese company, which overtook Apple this year to become the No. 2 smartphone maker by units – behind South Korea’s Samsung (005930.KS) – introduced its Mate 20 phone series using Leica camera technology.

Huawei’s new premium phone line-up has four models available around the world, expect in the United States where sales are effectively banned over whispered national security concerns.

The new line-up includes the Mate 20, with list prices ranging from 799-849 euros ($925-$983), depending on memory configuration.

The fuller-featured Mate 20 Pro, is priced as low as 799 pounds at some UK retailers and list priced at 849 pounds or 1,049 euros across Europe. A comparable iPhone X Max from Apple costs 1,099 pounds in the UK.

The new phones include a new ultra-wide angle lens, as well as a 3x telephoto lens and a macro that shoots objects as close as 2.5 centimeters (1 inch).

Mate P20 models take advantage of artificial intelligence features built into Huawei’s own Kirin chipsets.

Features available to Mate 20 users include being able to isolate human subjects and desaturate the colors around them in order to highlight people against their backgrounds.

Huawei incorporates bigger light-sensing chips than rival phones to take better pictures in low-light conditions.

Gartner analyst Roberta Cozza said that in a highly commoditized smartphone market of look-alike phones, Huawei is managing to differentiate itself with camera and personalization features.

“With the Mate 20, Huawei is setting the bar for what users can expect from photography using a smartphone,” Cozza said.

The Chinese phone maker managed to surpass Apple to take the No. 2 spot in the second quarter, industry data shows, despite being effectively excluded from the U.S. market.

However, Apple commanded 43 percent of the premium market and a lion’s share of profits, CounterPoint Research estimated.

“Huawei is clearly ticking all the key boxes needed to displace rivals – and not just Android-powered rivals,” said Ben Wood, research chief of mobile industry consulting firm CCS Insight.

Wood said Huawei’s move to match Apple iPhone’s characteristic swipe gestures and face unlock features on its Mate 20 Pro could, in theory, make it easier for committed Apple buyers to switch, although he said that was unlikely near term.

“But it’s clear that Huawei has an eye on the future and is ready to take share from Apple if the time comes that a loyal iPhone owner decides to try something else,” he said.

The new premium phone line-up from the world’s biggest telecom equipment maker includes four models, the Mate 20, Mate 20 Pro, Mate 20 X, with a 7.2 inch display screen, and a Porsche Design limited edition phone.

From: MeNeedIt

Huawei Launches New flagship Phones in Bid to Keep No. 2 Spot

Huawei unveiled new flagship smartphones with novel smart camera and video features on Tuesday, as it seeks to sustain momentum among price-conscious consumers.

The Chinese company, which overtook Apple this year to become the No. 2 smartphone maker by units – behind South Korea’s Samsung (005930.KS) – introduced its Mate 20 phone series using Leica camera technology.

Huawei’s new premium phone line-up has four models available around the world, expect in the United States where sales are effectively banned over whispered national security concerns.

The new line-up includes the Mate 20, with list prices ranging from 799-849 euros ($925-$983), depending on memory configuration.

The fuller-featured Mate 20 Pro, is priced as low as 799 pounds at some UK retailers and list priced at 849 pounds or 1,049 euros across Europe. A comparable iPhone X Max from Apple costs 1,099 pounds in the UK.

The new phones include a new ultra-wide angle lens, as well as a 3x telephoto lens and a macro that shoots objects as close as 2.5 centimeters (1 inch).

Mate P20 models take advantage of artificial intelligence features built into Huawei’s own Kirin chipsets.

Features available to Mate 20 users include being able to isolate human subjects and desaturate the colors around them in order to highlight people against their backgrounds.

Huawei incorporates bigger light-sensing chips than rival phones to take better pictures in low-light conditions.

Gartner analyst Roberta Cozza said that in a highly commoditized smartphone market of look-alike phones, Huawei is managing to differentiate itself with camera and personalization features.

“With the Mate 20, Huawei is setting the bar for what users can expect from photography using a smartphone,” Cozza said.

The Chinese phone maker managed to surpass Apple to take the No. 2 spot in the second quarter, industry data shows, despite being effectively excluded from the U.S. market.

However, Apple commanded 43 percent of the premium market and a lion’s share of profits, CounterPoint Research estimated.

“Huawei is clearly ticking all the key boxes needed to displace rivals – and not just Android-powered rivals,” said Ben Wood, research chief of mobile industry consulting firm CCS Insight.

Wood said Huawei’s move to match Apple iPhone’s characteristic swipe gestures and face unlock features on its Mate 20 Pro could, in theory, make it easier for committed Apple buyers to switch, although he said that was unlikely near term.

“But it’s clear that Huawei has an eye on the future and is ready to take share from Apple if the time comes that a loyal iPhone owner decides to try something else,” he said.

The new premium phone line-up from the world’s biggest telecom equipment maker includes four models, the Mate 20, Mate 20 Pro, Mate 20 X, with a 7.2 inch display screen, and a Porsche Design limited edition phone.

From: MeNeedIt

Check-in With Facial Recognition Now Possible in Shanghai

It’s now possible to check in automatically at Shanghai’s Hongqiao airport using facial recognition technology, part of an ambitious rollout of facial recognition systems in China that has raised privacy concerns as Beijing pushes to become a global leader in the field.

Shanghai Hongqiao International Airport unveiled self-service kiosks for flight and baggage check-in, security clearance and boarding powered by facial recognition technology, according to the Civil Aviation Administration of China.

Similar efforts are underway at airports in Beijing and Nanyang city, in central China’s Henan province.

Many airports in China already use facial recognition to help speed security checks, but Shanghai’s system, which debuted Monday, is being billed as the first to be fully automated.

“It is the first time in China to achieve self-service for the whole check-in process,” said Zhang Zheng, general manager of the ground services department for Spring Airlines, the first airline to adopt the system at Hongqiao airport. Currently, only Chinese identity card holders can use the technology.

Spring Airlines said Tuesday that passengers had embraced automated check-in, with 87 percent of 5,017 people who took Spring flights on Monday using the self-service kiosks, which can cut down check-in times to less than a minute and a half.

Across greater China, facial recognition is finding its way into daily life. Mainland police have used facial recognition systems to identify people of interest in crowds and nab jaywalkers, and are working to develop an integrated national system of surveillance camera data.

Chinese media are filled with reports of ever-expanding applications: A KFC outlet in Hangzhou, near Shanghai, where it’s possible to pay using facial recognition technology; a school that uses facial recognition cameras to monitor students’ reactions in class; and hundreds of ATMs in Macau equipped with facial recognition devices to curb money laundering.

But increased convenience may come at a cost in a country with few rules on how the government can use biometric data.

“Authorities are using biometric and artificial intelligence to record and track people for social control purposes,” said Maya Wang, senior China researcher for Human Rights Watch. “We are concerned about the increasing integration and use of facial recognition technologies throughout the country because it provides more and more data points for the authorities to track people.”

From: MeNeedIt

Check-in With Facial Recognition Now Possible in Shanghai

It’s now possible to check in automatically at Shanghai’s Hongqiao airport using facial recognition technology, part of an ambitious rollout of facial recognition systems in China that has raised privacy concerns as Beijing pushes to become a global leader in the field.

Shanghai Hongqiao International Airport unveiled self-service kiosks for flight and baggage check-in, security clearance and boarding powered by facial recognition technology, according to the Civil Aviation Administration of China.

Similar efforts are underway at airports in Beijing and Nanyang city, in central China’s Henan province.

Many airports in China already use facial recognition to help speed security checks, but Shanghai’s system, which debuted Monday, is being billed as the first to be fully automated.

“It is the first time in China to achieve self-service for the whole check-in process,” said Zhang Zheng, general manager of the ground services department for Spring Airlines, the first airline to adopt the system at Hongqiao airport. Currently, only Chinese identity card holders can use the technology.

Spring Airlines said Tuesday that passengers had embraced automated check-in, with 87 percent of 5,017 people who took Spring flights on Monday using the self-service kiosks, which can cut down check-in times to less than a minute and a half.

Across greater China, facial recognition is finding its way into daily life. Mainland police have used facial recognition systems to identify people of interest in crowds and nab jaywalkers, and are working to develop an integrated national system of surveillance camera data.

Chinese media are filled with reports of ever-expanding applications: A KFC outlet in Hangzhou, near Shanghai, where it’s possible to pay using facial recognition technology; a school that uses facial recognition cameras to monitor students’ reactions in class; and hundreds of ATMs in Macau equipped with facial recognition devices to curb money laundering.

But increased convenience may come at a cost in a country with few rules on how the government can use biometric data.

“Authorities are using biometric and artificial intelligence to record and track people for social control purposes,” said Maya Wang, senior China researcher for Human Rights Watch. “We are concerned about the increasing integration and use of facial recognition technologies throughout the country because it provides more and more data points for the authorities to track people.”

From: MeNeedIt