The top Democrat on the Senate Finance Committee called President Donald Trump‘s firing of Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday “the act of somebody who is soft, weak and afraid to own up to the reality of the damage his chaos is inflicting on our economy.” “Bottom line, Trump wants to cook…
Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market as President Donald Trump ramps up tariffs. Job growth totaled a seasonally adjusted 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate…
Ozgur Donmaz | Photodisc | Getty Images The U.S. job market has been showing signs of a gradual weakening. But new federal data issued Friday suggests it may have hit a long-awaited wall. “We’re finally in the eye of the hurricane,” Daniel Zhao, chief economist at career site Glassdoor, wrote in a note. “After months…
Hiring at private companies rebounded at a stronger-than-expected pace in July, indicating the labor market is holding its ground, ADP reported Wednesday. Payrolls rose by a seasonally adjusted 104,000 for the month, reversing a loss of 23,000 in June and topping the Dow Jones forecast from economists for an increase of 64,000. The June number…
WASHINGTON, DC – APRIL 29: The U.S. Department of Education is seen reflected in the windows of a building on April 29, 2025 in Washington, DC. The Washington Post | The Washington Post | Getty Images As the Trump administration and Congress narrow options for student loan repayment and forgiveness, a good place to look…
A store in a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images Fierce price wars in China are hitting industries from cars to food deliveries to solar panels, squeezing profits and worsening the country’s deflationary slide. Though consumers may be lured by ultra-cheap deals, the trade-offs for them…
A hiring sign is displayed in an Auto Zone store window on June 25, 2025 in Austin, Texas. Brandon Bell | Getty Images For all its perils, artificial intelligence appears to have helped alleviate a longstanding problem in American business. Since around 2017, other than the brief spike in unemployment during the pandemic, there were…
Job-seeking impostors, including deepfakes, are exploiting the remote work trend, defrauding U.S. companies and potentially threatening U.S. national security, according to experts. Approximately 17% of hiring managers surveyed said they had encountered candidates using deepfake technology to alter their video interviews, according to career platform Resume Genius. It surveyed 1,000 hiring managers across the United…
Dennis Macdonald | Photographer’s Choice Rf | Getty Images With a solid economy, a world-class workforce, and a wealth of corporate hospitality, North Carolina is America’s Top State for Business in 2025. The Tar Heel State is on a roll. It captured top honors in the annual CNBC rankings in 2022 and 2023, and it…
Investors may want to consider bracing for a weaker stock market performance over the next six months. According to Vanguard’s Roger Hallam, it’s prudent for long-term investors to have sufficient exposure to fixed income in this environment. “Our outlook for the second half of this year is that growth will slow,” the firm’s global head…
