JOBS
June 2024 jobs report: What labor market data says about the economy
The Summary The Labor Department’s June jobs report showed employers added 206,000 roles last month, down from 218,000 in May. Unemployment ticked up to 4.1%, inching above 4% for the first time since November 2021 while remaining historically low. The labor market has defied long-running forecasts of a sharper pullback in hiring, though conditions are…
‘It’s become a battleground’: Mexico’s local candidates face deadly violence
Breakfast with Juan Miguel Ramírez, candidate for mayor in Celaya, Mexico, is interrupted by the thud of army boots coming down the stairs. Soldiers have been camped on the roof of the family home since Ramírez replaced his predecessor, Gisela Gaytán, who was shot dead on the first day of her electoral campaign in one…
Major Pixar Layoffs, Long-Expected, Now Underway In Restructuring (Exclusive)
The long-expected layoffs at Pixar Animation Studios have begun. Today, leadership at the storied company that traces it origins to the late Steve Jobs and was bought by Disney in 2006 will notify employees of the reductions, The Hollywood Reporter has learned. It is the biggest restructuring in Pixar’s history, although top leadership isn’t impacted….
Dow jumps more than 400 points as weak jobs report raises Fed rate cut hopes: Live updates
Dow gains 450 points, major averages notch winning week Traders work on the floor of the New York Stock Exchange. Brendan Mcdermid | Reuters Stocks closed higher Friday and capped off a winning week. The Dow Jones Industrial Average gained 450.02 points, or 1.2%, to settle at 38,675.68. The S&P 500 surged 1.3% to finish…
Statement from President Joe Biden on the March Jobs Report
Today’s report marks a milestone in America’s comeback. Three years ago, I inherited an economy on the brink. With today’s report of 303,000 new jobs in March, we have passed the milestone of 15 million jobs created since I took office. That’s 15 million more people who have the dignity and respect that comes with…
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