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Job Growth Stalls In August As Trump Tariffs Strain Labor Market
The US labor market slowed sharply in August, as President Donald Trump's tariffs, inflation, and lower consumer confidence grip the nation's economy.
There were 22,000 jobs added nationwide in August, the Bureau of Labor Statistics said in a news release on Friday, Sept. 5. The weak numbers mark one of the softest hiring months in recent years, falling well below the Dow Jones estimate of 75,000 new jobs, CNBC reported.
Unemployment also ticked up to 4.3%, its highest level since July 2024. A broader metric, which includes discouraged workers and those with part-time jobs fo…
Major Household Product Maker Cutting 7,000 Jobs As Trump Tariffs Roil Economy
Procter & Gamble, which operates eight plants across the Northeast, plans to cut up to 7,000 jobs over the next two years as President Donald Trump's trade policies shake businesses and consumer confidence, according to reports.
Andre Schulten, P&G's chief financial officer, announced the layoffs during the Deutsche Bank Consumer Conference in Paris on Thursday, June 5. The cuts amount to about 6% of the company's global workforce and roughly 15% of its non-manufacturing positions, the Associated Press reported.
P&G had about 108,000 employees worldwide as of June…
Covid-19: Largest Increase In Daily Death Toll As Number Of Cases Climbs To 102,863 In New York
There were 562 newly reported deaths tied to the novel coronavirus (COVID-19) outbreak in New York, the most fatalities reported in a single day since the outbreak.
At his daily COVID-19 briefing on Friday, April 3, New York Gov. Andrew Cuomo announced that there have been 10,482 new positive cases, bringing the state’s total to 102,863 cases, four times more than any other state.
There have now been 2,935 deaths reported, up from 2,373 the day before - the biggest single-day increase since the crisis began.
“When this started, New York had airports that were designated as entrance zones,…
