WASHINGTON (AP) — Employers added 147,000 jobs in June as the American labor market continues to show resilience. The unemployment rate ticked down to 4.1 percent from 4.2 percent in May, according to a new report from the Labor Department. Hiring rose from a revised 144,000 in May and beat economists’ expectations of fewer than [...]
Microsoft says it is laying off about 9,000 workers, its second mass layoff in months and its largest in more than two years. The tech giant began sending out layoff notices last week that hit the company’s Xbox video game business and other divisions. Among those losing their jobs are 830 workers tied to Microsoft’s [...]
NEW YORK (AP) — Global sales of Tesla electric cars fell 13 percent in the last three months compared to the same timeframe a year ago. The figures reported by Tesla last week also signal that its quarterly earnings report due later this month could disappoint as rival electric-vehicle makers pounce on its weakness and [...]
The Trump administration has accused states and schools of using federal education grants earmarked for immigrants’ children and low-income students to help fund “a radical leftwing agenda.” The administration last week withheld more than $6 billion intended for after-school and summer programs, English language instruction, adult literacy and more, saying it would review the grants [...]
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. “After a thorough evaluation of [...]
Fewer Americans applied for unemployment benefits as layoffs remain low despite uncertainty about how new tariffs will impact the economy. The Labor Department reported that jobless claims for the week ending June 28 fell by 4,000 to 233,000, less than the 241,000 that analysts forecast. Though the job market is broadly healthy by historical standards, [...]
Nearly 368,000 pounds of Oscar Mayer turkey bacon products are being recalled over possible contamination with listeria bacteria that can cause food poisoning, federal health officials said. No illnesses have been confirmed to date, federal agriculture department officials said. Kraft Heinz Food Company of Newberry, S.C., announced the recall of the fully cooked turkey bacon [...]
WASHINGTON (AP) — The Supreme Court has agreed to hear a case over state restrictions on which school sports teams transgender students may join. Just two weeks after upholding a ban on gender-affirming care for transgender youth, the justices said they will review lower court rulings in favor of transgender athletes in Idaho and West [...]
WASHINGTON (AP) — The number of job openings rose in May, which economists say is a sign that the American labor market remains resilient in the face of high borrowing costs. The nation’s employers posted 7.8 million vacancies in May, the U.S. Labor Department reported last week, up from 7.4 million in April and the [...]