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February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts.
The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported.
Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…
US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study
Layoffs are sweeping across the country at a pace not seen in years, hitting government workers, retail employees, and tech professionals the hardest, according to a new study.
US employers announced 172,017 layoffs in February, the highest total since the height of the COVID-19 pandemic in July 2020, according to a report released by outplacement firm Challenger, Gray & Christmas on Thursday, Mar. 6. Last month's cuts were 245 percent higher than January and more than double the job losses from February 2024.
February marked a dramatic spike in job losses, as businesses and federal age…
Dramatic Videos Capture SpaceX Starship Flight 7 Explosion
Videos are circulating of SpaceX's Starship Flight 7 meeting an explosive end over the Atlantic Ocean during its Thursday, Jan. 16 test launch.
The flight, conducted at 4:37 p.m. CT from Starbase, TX, aimed to achieve major milestones but faced setbacks in its journey to space.
Elon Musk, CEO of SpaceX, commented on the test, saying, “Success is uncertain, but entertainment is guaranteed! ✨”
Success is uncertain, but entertainment is guaranteed! ✨ pic.twitter.com/nn3PiP8XwG — Elon Musk (@elonmusk) January 16, 2025
The launch was streamed live by SpaceX on X in a video that had …
Trump Names Ex-sec Chief, PA Native To Replace Damian Williams As Sdny's Top Prosecutor
President-elect Donald Trump is looking to replace Damian Williams, US Attorney for the Southern District of New York, with a familiar face from his previous administration who hails from Pennsylvania.
Trump announced on Thursday, Nov. 14 that he would nominate Jay Clayton, who has no experience as a criminal prosecutor, to be the next US Attorney for the Southern District of New York.
Clayton, age 58, previously served as Chairman of the US Securities and Exchange Commission from May 2017 to December 2020, a role in which Trump wrote he "did an incredible job."
Before that, he…
Elon Musk In Pennsylvania For Pro-Trump Town Hall
Elon Musk is coming to Delaware County, PA to speak at a pro-Trump town hall meeting on Thursday, Oct. 17.
"Tomorrow night through Monday, I will be giving a series of talks throughout Pennsylvania," Musk said in a Wednesday, Oct. 16 post on X, formerly Twitter.
One of those talks is taking place in Folsom, Delaware County, according to America PAC's webpage on the scheduled town hall meetings.
Tomorrow night through Monday, I will be giving a series of talks throughout Pennsylvania.If you’d like to attend one of my talks, there’s no attendance fee. You just need to have signed ou…
