Economics

Jobs report November 2024:

Published

1 month ago

December 6, 2024

Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.

Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000.

The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force itself declined. A broader measure that includes discouraged workers and those holding part-time jobs for economic reasons edged higher to 7.8%.

Job gains were focused in health care (54,000), leisure and hospitality (53,000) and government (33,000), sectors that have consistently led payroll growth for the past few years.

At the same time, retail trade saw a decline of 28,000 heading into the holiday season. With Thanksgiving coming later than usual this year, some stores may have held off hiring.

Worker pay continued to rise, with average hourly earnings up 0.4% from a month ago and 4% on a 12-month basis. Both numbers were 0.1 percentage point above expectations.

Stock market futures edged higher after the report while Treasury yields were lower.

The report comes with questions over the state of the labor market and how that will impact Federal Reserve decisions on interest rates.

Traders accelerated their bets on a rate cut following the payrolls release, with market-implied odds rising above 88% for a quarter percentage point reduction. when central bank policymakers make their next decision on Dec. 18.

Earlier this week, Fed Chair Jerome Powell said the generally strong state of the economy affords him and his colleagues the ability to be patient when making interest rate decisions. Other officials have said they see additional interest rate cuts as being likely but subject to changes in the economic data.

While inflation is well off the boil from its 40-year high in mid-2022, recent months have shown prices drifting up. At the same time, the October jobs report and various other reports have pointed to a labor market that is still growing but slowing.

This is breaking news. Please check back for updates.

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Economics

Innovations in Green Computing and Energy Efficient Devices

Published

19 minutes ago

January 11, 2025

Business Finance News

In today’s fast-paced digital world, the environmental impact of technology has become a major concern. As industries and individuals adopt more digital solutions, the carbon footprint associated with computing and electronic devices is growing. However, thanks to innovations in green computing and energy-efficient devices, the tech industry is finding ways to reduce its environmental impact while maintaining performance and efficiency.

What is Green Computing?

Green computing, also known as sustainable computing, refers to the practice of designing, developing, and using computer systems and devices in an environmentally friendly manner. This includes reducing energy consumption, improving efficiency, and minimizing electronic waste. Green computing technologies aim to optimize resource usage and ensure that technology works in harmony with the environment.

With growing awareness of climate change and the environmental effects of excessive energy consumption, green computing is becoming a critical area of focus for both businesses and consumers. As a result, energy-efficient devices are emerging as key players in this movement.

Innovations Driving Green Computing

Low-Power Chips
One of the biggest contributors to energy consumption in computing devices is the power required by processors. Recent innovations in semiconductor design have led to the creation of low-power chips, significantly reducing the energy needed for operations. For instance, ARM-based processors, known for their power efficiency, are increasingly being adopted in smartphones, tablets, and laptops, making devices more energy-efficient without compromising performance.
Energy-Efficient Data Centers
Data centers, which power everything from cloud computing to streaming services, are known for their massive energy consumption. Innovations in green computing have led to the development of energy-efficient data centers that reduce power use while optimizing cooling systems. These advancements include liquid cooling technologies, which use liquids instead of air to cool servers, as well as AI-powered optimization tools that monitor and manage energy consumption in real time.
Solar-Powered Devices
Solar energy is a renewable resource, and its integration into computing devices is helping reduce dependency on traditional power grids. Solar-powered laptops, smartphones, and even servers are becoming more common, allowing users to operate their devices in an environmentally conscious way. For instance, solar-powered chargers are now widely available, providing an eco-friendly alternative for powering devices on the go.
Solid-State Drives (SSDs)
Traditional hard disk drives (HDDs) have been a significant source of energy consumption due to their moving parts. Solid-state drives (SSDs), on the other hand, are more energy-efficient and consume less power. SSDs are faster, more durable, and require less energy for the same performance, making them an ideal choice for both personal and enterprise-level computing needs.
Energy-Efficient Displays
Display technology has come a long way in terms of energy efficiency. OLED (Organic Light-Emitting Diode) and microLED screens consume less power compared to traditional LED or LCD displays, which is an important step in green computing. These energy-efficient displays not only reduce power consumption but also improve the quality of visuals with better color accuracy and brightness.

The Future of Green Computing and Energy-Efficient Devices

As environmental concerns continue to rise, the future of green computing looks promising. We can expect further innovations in sustainable technology, such as the development of recyclable electronic components, better battery management systems, and the integration of renewable energy sources into everyday devices. Additionally, the rise of artificial intelligence (AI) and machine learning (ML) will likely accelerate the development of energy-efficient systems by optimizing operations and resource usage.

Conclusion

Innovations in green computing and energy-efficient devices are transforming the tech landscape, helping to reduce the environmental impact of our digital world. From low-power processors and energy-efficient data centers to solar-powered devices and sustainable display technology, these advancements are contributing to a more sustainable future. As the demand for eco-friendly technology continues to grow, businesses and consumers alike can benefit from adopting these innovations, ensuring that technology continues to evolve in an environmentally responsible way.

By embracing green computing, we can reduce our carbon footprint and ensure that the technology of tomorrow is more energy-efficient and sustainable than ever before.