Apr 21 Lyft employees brace for ‘significant’ layoffs as new CEO takes the reins By Michael Liedtke, Associated Press Lyft is preparing to lay off hundreds of employees just days after new CEO David Risher began steering the ride-hailing service with a eye of driving down costs to help bring its fares more in line with its biggest rival, Uber. Continue reading
Mar 16 Fewer Americans apply for unemployment aid last week as layoffs remain low By Matt Ott, Associated Press Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool the economy and tamp down inflation. Continue reading
Mar 10 WATCH: Biden hails economic progress after U.S. added 311,000 jobs in February By Christopher Rugaber, Associated Press America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation. Continue reading
Feb 09 Stocks drift higher after shaky week on Wall Street By Stan Choe, Associated Press A still-strong jobs market has investors buying more into the Fed’s forecast that it will hike rates a couple more times before holding them at a high level through this year. Continue reading
Feb 07 WATCH: Biden envisions hundreds of thousands more jobs to rebuild U.S. pride By Associated Press President Joe Biden is offering a reassuring assessment of the nation's condition rather than rolling out flashy policy proposals as he delivers his second State of the Union address. Continue reading
Feb 07 Boeing plans to cut about 2,000 jobs in finance and human resources for 2023 By Associated Press Boeing says it plans to cut about 2,000 jobs from the aerospace company's finance and human resources departments in 2023. Continue reading
Feb 03 Watch 6:40 Hiring surges but trends show more working-age men dropping out of labor force By Paul Solman, Ryan Connelly Holmes Job growth surged last month, shaking off fears of a hiring slowdown. Employers added 517,000 jobs in a hiring boom far stronger than anyone had expected. The jobless rate dropped to 3.4%, the lowest level in 53 years. The report… Continue watching
Feb 03 WATCH: Strong job numbers show ‘economic plan is working,’ Biden says By Associated Press President Joe Biden will give remarks on Friday following reports that 517,000 jobs were added in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates. Continue reading
Jan 31 U.S. wage growth slowed in the last quarter of 2022 By Christopher Rugaber, Associated Press Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022 which could help reassure the Federal Reserve that wage gains won't fuel higher inflation. Continue reading
Jan 06 December unemployment falls slightly to 3.5 percent, tied for a 50-year low By Christopher Rugaber, Associated Press America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring. Continue reading