Category: Market

The U.S economy added 75,000 jobs in May, the Labor Department reported Friday, falling short of expectations by nearly 100,000 jobs. Economists expected the U.S. to add roughly 185,000 jobs in May after a massive gain of more than 200,000 in April. But employment growth fell well short of that mark last month, though the […]

Wall Street saw a massive sell-off on Monday as investors responded to an escalating trade battle between the U.S. and China, after Beijing announced it would be slapping tit-for-tat tariffs on $60 billion of U.S. goods. Concluding a session of steep losses, the Dow Jones Industrial Average ended down by 618 points, or 2.38 percent, […]

China’s Commerce Ministry reportedly said Wednesday that it will respond “in kind” if President TrumpDonald John TrumpDOJ threatens executive privilege over Mueller report if Dems carry out contempt vote Trump touts ‘BIG FIREWORKS’ returning to Mt. Rushmore for July 4 Trump taps ex-State spokeswoman Heather Nauert to help oversee White House fellowships MORE moves to increase […]

Employers added 263,000 jobs last month, underscoring the economy’s resilience after some analysts had feared earlier in the year that a slowdown was coming. The latest data suggest that the economy is showing robust growth, and provides a talking point for Republicans and President Trump as the 2020 presidential campaign nears. Payrolls have now risen […]

Stocks rose on Friday, rebounding from a two-day loss, as data showed U.S. job creation was stronger than expected in April. The S&P 500 gained 1% while the Dow Jones Industrial Average rose about 220 points. The Nasdaq Composite also climbed 1.5% higher. Shares of Amazon got a boost from an investment by Warren Buffett’s […]

The economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years. “We’re knocking it out of the park,” President Donald Trump told reporters at the White House on Friday. First-quarter GDP expanded by 3.2 percent in the first quarter, the Bureau […]

Even amid a tight labor market, searching for a good job can be a grueling process, which may entice some job seekers to throw in a little lie or two to make their resumes more attractive to employers. According to a new survey, two percent of respondents hope not, as they admitted to fudging their […]

The economy added 196,000 jobs in March, beating analyst predictions and bouncing back after a dismal February report of just 20,000 job gains. The unemployment rate remained steady at 3.8 percent, still the lowest level in almost 50 years, but wages increased by 0.14 percent for the month and 3.2 percent year on year. The […]

Ford will invest $900 million to boost its capacity to produce electric cars, creating 900 new jobs, the auto giant announced Wednesday. The vast majority of that investment will go to reconfigure an underused Southeast Michigan plant. The facility in the Detroit suburb of Flat Rock will become Ford’s second battery-electric vehicle, or BEV, factory. […]

East Stroudsburg, PENNSYLVANIA – A generational decline in volunteerism has brought about a public safety crisis in Pennsylvania, with the number of volunteer firefighters reaching startling lows. More than 90 percent of the state’s fire companies are volunteer, and since the 1970s the number of volunteer firefighters has declined by 88 percent. What’s more, state officials […]

General Motors will begin laying off 4,000 salaried workers on Monday, according to CNN. GM said in November that it would eliminate 15 percent of its corporate workers and 25 percent of its executives and close as many as four manufacturing plants in the United States. The layoffs come as the company is trying to […]

The economy added 304,000 jobs in January, according to data released Friday by the Bureau of Labor Statistics — far more than the 165,000 that economists had predicted. The surge in hiring comes despite the longest government shutdown in U.S. history, mounting concern about a global economic slowdown, and a lack of key economic data […]