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 With MA Plants 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…
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 …
Layoffs Hit Pandemic-Era Heights As Musk Slashes Federal Jobs, Trump's Widespread Tariffs Begin
The US saw one of its largest waves of layoffs in decades, fueled by billionaire Elon Musk's efforts to purge the federal government, as markets fear the financial impacts of President Donald Trump's sweeping new tariffs.
US employers announced 275,240 job cuts in March, outplacement firm Challenger, Gray & Christmas said on Thursday, Apr. 3. That's the third-highest monthly amount since Challenger began tracking layoffs in 1989, only surpassed by the height of the COVID-19 pandemic in April and May of 2020.
So far in 2025, employers have announced 497,052 job cuts — the highe…
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…
Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears
Unemployment claims have surged to their highest level since October 2024, adding to growing concerns over job security and the broader economy.
Initial jobless claims jumped by 22,000 to 242,000 for the week ending on Saturday, Feb. 22, the Bureau of Labor Statistics said in data released on Thursday, Feb. 27. The previous week's total was revised up slightly to 220,000.
The rise in claims comes as consumer confidence took its steepest monthly dive since August 2021 amid concerns over inflation, tariffs, and the labor market. The Conference Board's Consumer Confidence Index fell …
Party City Going Out Of Business, Closing All 800 Stores, Including 42 In NY
The party is over for a popular chain store that's been in business for decades.
Party City is “winding down” operations immediately at its approximately 800 locations, CEO Barry Litwin told corporate employees in a video call on Friday, Dec. 20, CNN reports.
Workers were told they will not receive severance pay, and that their benefits would end as the company goes out of business, CNN says.
The company, headquartered in in Woodcliff Lake, New Jersey, is running low on cash and unable to pay rent in some locations, according to an earlier Bloomberg report.
Party City was foun…
Fredericksburg 'Cell Phone Guy' Clarence Waller Jr. Dead At 39: 'Gentle Giant'
Clarence Waller Jr. went by many names.
Jay, junior, "the cell phone guy."
But the 39-year-old Fredericksburg man who died on Thursday, Nov. 16, is being remembered in just one way: Fondly.
According to a GoFundMe campaign, Waller died due to diabetic complications and renal failure.
Affectionately referred to as a gentle giant standing at 6'3", Waller graduated from Massaponax High School and had been volunteering as an assistant football coach there in recent years, according to the campaign and his obituary.
He worked at Best Buy, T-Mobile, and Sprint, and was the go-to guy for …
Newark 'Boss Baby' Brain-Damaged After Mysterious Seizure, Mom Says
One minute, 3-year-old Alayah Butler was running around a pumpkin patch laughing. The next, the Newark girl was having a seizure — and then in cardiac arrest.
Doctors aren't sure what caused the Oct. 7, 2021 seizure or heart attack, which left little Alayah brain-damaged and wheelchair-bound. To make matters worse, her mom Leah Butler, lost her job and is caring for her around the clock.
More than $4,300 had been raised on a GoFundMe for the family as of Saturday, April 2, as Butler recently lost her job, and has been home caring for her daughter.
Alayah and a pastor praying for her.Le…
New Long Island Walmart Supercenter Hiring Hundreds Of Workers
With pandemic unemployment benefits drying up this month, a newly constructed Walmart Supercenter is offering hundreds of jobs to prospective employees on Long Island.
Walmart announced that it has established a hiring center for its new Supercenter location at 1490 William Floyd Parkway in Shirley, which is in need of filling more than 400 hourly and management positions.
The store, set to open in November, will include a full-service grocery section, a home center, auto care center, pharmacy window, garden area, and a grocery pickup area.
According to Walmart, the starting salary for da…
