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Airline CEOs Urge Congress To Overhaul 'Outdated' Air Traffic Control Systems After Failures
Major airline CEOs are calling on Congressional lawmakers to upgrade the nation's air traffic control systems, especially after recent widespread issues at Newark Liberty International Airport.
The top executives sent the open letter to Congress on Wednesday, May 21. The group showed its support for a federal modernization plan to replace decades-old technology and hire thousands of new air traffic controllers.
The letter was signed by executives from Alaska Airlines, American, Atlas Air, Delta, FedEx, JetBlue, Southwest, United, and UPS, along with the industry group Airline…
Job Growth Beats Forecasts Despite Stalling Labor Market, Shrinking GDP Under Trump
Job growth moderately beat expectations in April, but was slightly down from the month before, as recession worries loom due to President Donald Trump's trade agenda.
The US economy added 177,000 jobs in April, according to Bureau of Labor Statistics data released on Friday, May 2. The national unemployment rate held steady at 4.2%, despite initial unemployment claims jumping to 241,000 for the week ending Monday, April 26.
The job gains were higher than the 133,000 forecasted by the Dow Jones, CNBC reported. April's numbers declined from March's total of 185,000, which …
Unemployment Claims Surge, GDP Shrinks As Recession Fears Rise Under Trump
Unemployment claims unexpectedly rose as the US economy shrank amid President Donald Trump's sweeping tariffs, further escalating concerns of a coming recession.
Initial unemployment claims jumped to 241,000 for the week ending Monday, April 26, according to Department of Labor data released on Thursday, May 1. That's the largest weekly number since February and 18,000 more than the prior week.
The surge pushed the four-week moving average to 226,000 first unemployment claims. The 241,000 claims were also well above the Dow Jones estimate of 225,000, CNBC reported.
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