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Slowing job growth spreads to information technology
The slowdown in hiring includes the otherwise high-paying, red-hot information technology industry. The U.S. economy gained or regained just 199,000 jobs in December, down from 249,000 in November, according to the Department of Labor, marking the smallest monthly jobs gain in a year. The slowdown in hiring includes the otherwise high-paying, red-hot information technology industry. Alexandria, Virginia-based trade group TechServe Alliance reports the IT sector added just 2,000 jobs in December, little changed from the previous month. On a year-over-year basis, IT employment was up 2.72%, a growth of 142,800 professionals. The IT sector ended 2021 with 5.39 million
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Bedrock names first chief technology officer to woo tenants downtown
In an effort to draw more tenants from the suburbs to downtown Detroit, Bedrock has named its first chief technology officer charged with making its buildings more tech focused. Michael Osment starts in his role effective immediately, the firm announced this week. A University of Michigan alum with bachelor’s and MBA degrees, Osment will lead Bedrock’s technology team in Detroit and Cleveland, where its portfolio includes more than 18 million square feet of office, retail and residential space. His role will include overseeing building services, data management and information technology. Among the goals are to reduce energy usage and improve
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These are the best technology stocks of 2021
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Technology stocks have been far from a sure bet since 2021 began its stretch run in mid-November. Inflationary concerns and fears of rising interest rates pushed investors out of software and internet companies, sending scores of prior outperformers into correction territory. Despite the sell-off and the volatility across wide swaths of the tech industry, investors have made a bundle of money betting on specific companies and stories. Certain areas of the semiconductor market ballooned this year, as demand soared for processors that could speed crypto
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Airless tires: Why you’ll want this game-changing technology
It’s nearly 2022 and we have phones that survive water damage, folding digital screens and so much more. Yet, rubber tires filled with air remain the go-to way to help a car roll around. That’s the way it’s been for decades but it’s going to change soon. When 2024 rolls around, we may finally see a revolution in tire technology, thanks to airless tires. Michelin is one of several tiremakers that have been developing airless tires but they seemed as unlikely to become a reality as GM’s early vision of self-driving cars. Now, however, the two companies are putting
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Modern technology helps Miramar detective identify body in cold case from 1988
MIRAMAR, Fla. – A body recovered more than 30 years ago has finally been identified, bringing closure to a family that has been searching for answers for decades. It’s all thanks to an international missing persons database, a fingerprint, and a detective at the Miramar Police Department. It was in November of 1988 when police said 30-year-old Jorge Coste-Castillo took a trip from New York down to Miramar with his best friend to purchase horses. While his friend returned to New York, Coste-Castillo never did. “He just vanished from one day to another,” said Yulissa Costa, Coste-Castillo’s daughter. “They would
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Technology is to blame for the ‘Great Resignation’
Have you heard about the September exodus? More than four million Americans quit their jobs that month, shattering the record for resignations previously set the month before. And some 40% of remaining employees are thinking of quitting, too, according to a Microsoft report. The crisis is even worse in technology. TalentLMS and Workable reported recently that 72% of US-based tech employees are thinking of quitting their job in the next 12 months. It’s not just the US. The Great Resignation is a global phenomenon. Pundits point to many causes for the trend, from government stimulus checks to
