Other participants had experienced something similar. Adnan Rizvanovic, a Bosnian in his 60s who now works as a gardener for the program, had once driven trucks and taxis and worked in logistics. Driver wages plummeted after Uber and its local Austrian competitors entered the taxi market; after two heart attacks, Rizvanovic decided it was best …
Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …
The Dow Jones Industrial Average gained more than 200 points on Thursday as energy stocks and China-exposed issues boosted early trade. Weekly jobless claims data from the Labor Department came in higher than expected. And Tesla stock briefly fell nearly 3% after Bloomberg reported the company had shortened Shanghai factory shifts and delayed new hires …
Stocks climb after unemployment insurance claims; Inflation data on deck Read More »
Friday’s jobs report showed that the booming US economy is creating hundreds of thousands of jobs, suggesting rising prices are here to stay despite the Federal Reserve’s efforts to contain them. The United States added 263,000 jobs in November, according to the federal jobs report released Friday, well above the 200,000 job gains expected by …
Three signs from today’s jobs report that suggest inflation will remain elevated Read More »
10,000 Hours | Digital Vision | Getty Images A recent wave of tech layoffs could have American workers wondering if their job is next on the chopping block. So far, there’s little evidence that the thousands of cuts to big tech companies — Meta, Amazon and Twitter, to name a few — are bleeding into …
Tech layoffs may not bode ill for the U.S. economy as a whole Read More »
The Dow Jones Industrial Average fell on Wednesday ahead of the minutes of the Federal Reserve’s latest policy meeting. Tesla stock rose after Citigroup upgraded the electric vehicle giant. X Ahead of the Fed minutes release at 2 p.m. ET, consumer sentiment, durable goods orders, early jobless claims, purchasing manager index readings and new home …
Stocks mixed ahead of Fed minutes; Rise in unemployment claims Read More »
Laffer Tengler CEO and CIO reveals top stock picks on “Making Money With Charles Payne”. Here are the main events taking place on Wednesday this could have an impact on trade. NORDSTROM RESULTS: Shares fell more than 9% in extended trading after the retailer cut its full-year profit forecast on Tuesday, signaling that steep discounts …
Mankato has the lowest unemployment rate of any city in the country — and it’s one of six cities in the state or on its border that were among the top 20 for jobs this fall. With an ultra-low rate of 1.3%, Mankato topped the U.S. Bureau of Labor Statistics’ list of metropolitan areas with …
This Minnesota town has the lowest unemployment rate of any metro in the United States Read More »
CNN Business — The dismissed employees of Twitter’s Africa headquarters accuse Twitter of “deliberately and recklessly flouting the laws of Ghana” and trying to “silence and intimidate them” after their dismissal. The team hired a lawyer and sent a letter to the company demanding it comply with the labor laws of the West African nation, …
We now have a rough idea of what New York’s outdated unemployment insurance system cost the state in the first year of the Covid-19 pandemic. At least $11 billion in fraudulent payments were made, according to an audit by state comptroller Thomas DiNapoli. That number — as staggering as it is — does not reflect …
