McDonald’s french fries supplier suddenly shutters factory, slashes jobs in alarming move
A major supplier of McDonald's french fries is cutting jobs as cash-strapped customers shun the fast-food industry due to soaring prices. Last week, Lamb Weston, North America's largest french fry maker, announced it would cut 4% of its global workforce and scale back production lines following a dismal financial report. As first reported by CNN. […]
‘We have jobs to do’
Members of the media and the NFL community appear to be at odds over a new policy recommendation from the Players Association that would limit reporters from interviewing players in locker rooms during weekdays. Cincinnati Bengals center Ted Karras, NFLPA player representative, recently endorsed a new program that encourages players to conduct interviews outside the […]
NFLPA’s attempt to limit locker room access causes divide: ‘We have jobs to do’
Media personnel and related parties NFL Community The players' association appears to be divided over a new policy recommendation that would limit reporters from interviewing players in the locker room on weekdays. cincinnati bengals NFLPA player representative center Ted Karras recently acknowledged a new program that encourages players to conduct interviews outside the locker room. […]
The October Surprise Jobs Numbers Aren’t What They Seem
October surprise: September employment report flatters with BLS adjustment Surprise, surprise. The September jobs report shows that employment increased by 254,000 people, but once again the real action seems to be in the footnotes, the magic in the concrete. seasonal adjustment. Every year, government statisticians Bureau of Labor Statistics In particular, September has the unenviable […]
Strong jobs report, port strike deal bolster Harris
Much better-than-expected jobs numbers, released just hours after the longshore workers' strike was abruptly called off, are providing momentum and relief to Vice President Harris' campaign. The port strike threatens to cripple the economy and is the most politically threatening of the three recent challenges facing Harris and the White House. The White House has […]
How did 50K dockworkers strike at US ports with only 25K jobs?
This week, nearly 50,000 longshoremen went on strike at ports from Maine to Texas. But in a strange quirk resulting from decades of huge concessions to unions, only 25,000 jobs at the ports are affected. There is a huge gap between the number of people showing up to work and the total membership of the […]
Dow Jones Today: Stocks Rise After Strong Jobs Report; S&P 500 Near Unchanged for Week – Investopedia
This week's major indexes are gradually moving into positive territory. 14 minutes ago After an eventful week, late-day gains pushed the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite Index into positive territory this week, but only just. TradingView ExxonMobil hits record high despite third-quarter profit warning 1 hour 29 minutes ago Exxon Mobil […]
Harris to bash Vance over Michigan EV plant jobs at rally
Vice President Harris plans to slam former President Trump and Sen. J.D. Vance (R-Ohio) over auto worker jobs at a campaign rally in Flint, Michigan, on Friday, campaign officials said. That's what it means. She will be joined in Flint by United Auto Workers (UAW) President Sean Fein, who announced in July that the union […]
Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’
Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” This follows a Labor Department report showing that employers […]
American Economy Added 254,000 Jobs in September
U.S. employers added 254,000 workers in September, and the unemployment rate fell to 4.1%, the Labor Department said Friday. Economists had predicted 150,000 jobs and an unemployment rate of 4.2%. This number far exceeded even the most optimistic predictions. Some analysts had expected just 70,000 employees to be added to the payroll. In addition to […]