The Wrap for Tuesday, June 3, 2025 Job openings rise along with layoffs
Job openings unexpectedly rose in April to 7.39 million from 7.2 million the previous month, according to the Bureau of Labor Statistics. Hiring accelerated to the highest level in nearly a year.
Nuclear energy to power Meta AI
Meta has reached a 20-year deal to buy power from an Illinois nuclear plant to meet the increasing energy demands of artificial intelligence. The Clinton plant will start supplying power to Meta in 2027, and Constellation Energy, the plant’s owner, has received approval to build a second reactor at the site.
Can Nvidia's $1T rally continue?
Nvidia's shares have surged over 45% in the past two months, adding $1 trillion in market value. Despite facing sales restrictions to China, Nvidia's deals with Middle Eastern governments are helping offset some lost sales as the demand for AI infrastructure continues to grow.
Job markets remain competitive despite the rise in job openings and hiring. To succeed in today's market, applicants need to go beyond the basics to stand out and secure interviews.
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