Sector Insights

U.S. Retail Industry: A Pillar of the Economy and Employment in 2022
Sector Insights U.S. Retail Industry: A Pillar of the Economy and Employment in 2022

Economic Contributions Nationwide Employment Engine The U.S. retail industry is a crucial employment engine, according to a report by PricewaterhouseCoopers and the National Retail Federation. This sector provided jobs for 55 million people in 2022, accounting for 26% of all U.S. jobs—a notable i

US Retail Sector Fuels Economy with 55 Million Jobs in 2022
Sector Insights US Retail Sector Fuels Economy with 55 Million Jobs in 2022

In 2022, the National Retail Federation highlighted the pivotal role of the retail industry in bolstering the US economy. As a prime employer, retail plays an integral part in the nation's job market, sustaining millions of jobs. Beyond employment, the industry significantly contributes to the

GenAI to Boost UK Financial Sector Efficiency, Output by £41.7bn
Sector Insights GenAI to Boost UK Financial Sector Efficiency, Output by £41.7bn

A landmark study from AI advisory firm Fifty One Degrees has revealed transformative potential for the financial sector through generative AI (GenAI). Assessing 311 tasks within 14 key industry functions, researchers found that an impressive 85% could see significant enhancements from AI

Is AI the Answer to Surge in Global Cybersecurity Threats?
Sector Insights Is AI the Answer to Surge in Global Cybersecurity Threats?

The surge in cyberattacks against key sectors like finance has become a critical concern. BlackBerry's report reveals an alarming rate of attacks—over a million within four months, specifically targeting the financial sector. The term "death by a thousand cuts" illustrates the r

Is the Financial Sector Set for a Sustained Uptrend?
Sector Insights Is the Financial Sector Set for a Sustained Uptrend?

Recent market movements have breathed cautious optimism into the financial sector. Tuesday's trading session showed a mild yet steady increase, with the NYSE Financial Index and XLF both edging up by 0.3%. Contributing to the positive sentiment, U.S. housing starts exceeded expectations in

Windsor Tech Sector Grows Amid Talent Retention Challenges
Sector Insights Windsor Tech Sector Grows Amid Talent Retention Challenges

The technology landscape in Windsor is evolving rapidly. Anchored by a significant 24% increase in tech jobs from 2019 to 2023, the industry's growth is eclipsing the national average. According to a Workforce WindsorEssex study, this surge has culminated in 5,844 tech positions, and forecasts

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