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Slowed job growth shows weakness of Bidenomics

Two pieces of labor market data released midweek depict a bleaker picture of the economy than the one commonly touted by President Joe Biden.  A Bureau of Labor Statistics report from Tuesday shows that job openings fell to the lowest level in April since February 2021. The 8.06 million jobs available, down 300,000 from March, […]

Private sector job growth cools in May to 152,000, worse than expected: ADP

Gary Kaltbaum, president of Kaltbaum Capital Management, explains in “Making Money” why a “narrow” stock market is a concern. U.S. companies started hiring more slowly than expected in May, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the back of rising interest rates. Businesses […]

April job openings fall to 8.1M as signs of cooling economy emerge

U.S. job openings fell to the lowest level since 2021 in April. But they remained at historically high levels despite rising interest rates and signs of a slowing economy. The Labor Department reported Tuesday that employers posted 8.1 million job openings in April, down from a revised 8.4 million in March. The March figure was […]

Boston news anchor Kate Merrill abruptly quits WBZ-TV job

A popular Boston morning show host and wife of a former New York Rangers goaltender has left viewers confused when she suddenly and without explanation left her longtime job. Kate Merrill, an Emmy Award winner who worked at CBS affiliate WBZ-TV for more than 20 years, has not been on the air in recent weeks, […]

Biden Claims He Can Do the Job of President ‘Better than Anybody’

Asked whether he could handle the responsibilities of the presidency in his mid-80s, President Joe Biden insisted he could do the job “better than anyone.” During the period interview and time The magazine said Biden had been informed that “the majority of Americans,” including Democrats, have concerns about his age and his ability to serve […]

Consumer Strength Powers Growth Despite Soft Job Openings

JOLTS was stronger than it looked April’s key figures Survey of Job Openings and Labour Mobility (JOLT) The weaker-than-expected reading was a relief to those who believe a softening labor market will provide the basis for the Fed to cut interest rates this year. But a closer look at the report suggests the labor market […]

Job openings unexpectedly fall in April to lowest level in 3 years

Writing in Making Money, Michael Gapen, head of U.S. economics at Bank of America Securities, discusses whether April’s jobs report will influence the Fed’s interest rate decision. U.S. job openings fell to the lowest level in more than three years in April, the latest sign that the labor market is cooling as the economy slows. […]

Police recruits in high demand, job data shows

Lincoln Tech CEO Scott Shaw explains why young workers are seeking trade jobs with Varney & Co. Data shows that qualified candidates looking to start a career as a police officer in the United States are in a good position to land a job. Recent ZipRecruiter Analytics The survey found that law enforcement training is […]