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Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum'
Private hiring sharply declined to its slowest pace in more than two years as President Donald Trump's sweeping tariffs have shaken the economy throughout 2025.
Businesses added just 37,000 jobs in May, according to the ADP National Employment Report released on Wednesday, June 4. That was the lowest level since March 2023, falling below April's downwardly revised figure of 60,000.
The disappointing job total missed the Dow Jones forecast of 110,000, CNBC reported.
"After a strong start to the year, hiring is losing momentum," ADP chief economist Dr. Nela Richardson said. "Pay growth, howe…
Desperate Search For Survivors: 1,600 Now Reported Dead In Myanmar, Thailand Quake
This story has been updated.
The death toll from a catastrophic earthquake that jolted Southeast Asia has rapidly risen to more than 1,600 amid a desperate search for survivors.
The 7.7-magnitude quake struck central Myanmar on Friday, March 28, unleashing shock waves felt across Thailand and China, resulting in catastrophic, widespread destruction.
Over 3,400 injuries are now being reported by the country’s military government on Saturday, March 29, an increase of over one thousand from earlier in the day. During that update, 1,000 deaths were reported.
The number of deaths and injuries…
Mass Deportations Could Lead To Salary Increases In These States
Mass deportations could significantly impact wages in states heavily reliant on foreign labor, according to new research.
An Oxford study suggests that removing a substantial number of immigrant workers may lead to labor shortages, compelling employers to increase salaries to attract native-born workers, Newsweek reports.
The states most likely to be affected are New York, New Jersey, California, Florida, and Texas, the report said, because those states have large immigrant populations and economies that depend on foreign labor in sectors such as agriculture, construction, and hospita…
