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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…
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…
Teamsters Union Launches Strike Against Amazon
As the holiday season peaks, the Teamsters Union has initiated a significant strike against Amazon, targeting facilities in four states. This action is described as the largest labor movement in the company’s history.
On Thursday morning, December 19, union members began protests at a fulfillment center in Queens, New York, with additional strikes occurring in Atlanta, Southern California, and Skokie, Illinois.
The union aims to highlight unacceptable working conditions and Amazon’s refusal to engage in collective bargaining.
Their demands include better wages, hours, and benefits fo…
Most Expensive States: Here's Where NY Ranks, New Report Says
A new ranking by CNBC has found that both New York and Massachusetts are part of the top 10 most expensive states to live in.
The CNBC report, which was published on Friday, July 12, used an index of prices for a broad range of goods and services, which was calculated by the Council for Community and Economic Research (C2ER), alongside housing affordability and the cost to insure a median-priced home, to determine the list of spendy states.
New York, which ranked in ninth place (tied with Florida, Rhode Island, and Washington), earned a grade of D- from CNBC’s “Top States for Business 202…
