Harris is ‘Biden’s co-pilot’ on ‘Bidenomics’ policies that prompted woeful jobs numbers: Trump camp
The Trump campaign has called Vice President Kamala Harris “co-pilot” for President Biden, who has been under pressure from the Democratic presidential nominee after July’s weak employment report. Unemployment rate In the United States, it reached its highest level in nearly three years. U.S. Department of Labor Employers reported on Friday were 114,000 jobs The […]
Stocks sink on sour jobs report
Business and Economics Full text Intel to cut 15,000 jobs after ‘disappointing’ second-quarter results Intel plans to cut 15,000 jobs, or about 15% of its workforce, CEO Pat Gelsinger said in a memo to employees on Thursday. Full text Warren criticizes Powell over jobs report: ‘Cut interest rates now!’ Sen. Elizabeth Warren (D-Mass.) […]
Kamala Harris Blames Trump for Bad Jobs Report
Vice President Kamala Harris’ campaign on Friday blamed former President Donald Trump for the recent spike in unemployment under her and President Joe Biden’s administration. “As president, Donald Trump has failed the American people, ripping millions of jobs from our economy and bringing us to the brink of recession,” said James Singer, a spokesman for […]
Stocks, recession, Fed, jobs, Boeing, Chevron
“The Craman Countdown” panelists Thomas Hayes and Nick Timilaos assess the current state of the U.S. economy. Weak job growth, manufacturing data send stocks plummeting Dow and S&P 500 fall sharply for the week, Nasdaq headed for correction Recession forecaster lights up, spooking Wall Street Fed Chairman Jerome Powell raises hopes for September rate cut […]
July jobs report breakdown: Which industries hired the most workers?
Olu Omodunbi, chief economist at Huntington Private Bank, said on “The Craman Countdown” that the jobs report points to a slowdown in the labor market. Job growth slowed in July as many industries, including manufacturing, retail and trade, cut jobs. Employer Added 114,000 jobs added in JulyThe Labor Department said in its monthly payroll report […]
Intel to cut 15,000 jobs after 'disappointing' second quarter results
Intel plans to cut 15,000 jobs, or about 15% of its workforce, CEO Pat Gelsinger said in a memo to employees on Thursday. The layoffs come as part of an effort to achieve $10 billion in cost savings by 2025 after the chipmaker reported “disappointing” second-quarter results. “This is tough news for me,” Gelsinger said, […]
Ghost jobs haunt job seekers amid America's labor shortage
In the world of Ghostbusters, proton packs may catch ghosts, but what tools do job seekers have to determine whether an advertised opportunity actually exists? Ghost jobs are especially prevalent right now, so you’ll need to stay resourceful. America’s labor shortage According to a report by the U.S. Chamber of Commerce, “Understanding America’s Labor ShortageAccording […]
Harris blames Trump for latest dreadful jobs report nearly a full term after he left office
Vice President Kamala Harris’ campaign has blamed former President Trump for recent negative events. Employment Report — Nearly one term has passed since he left office. “As president, Donald Trump has failed the American people and damaged our economy. Millions of jobsand bringing the economy to the brink of a recession,” Harris campaign spokesman James […]
Stocks sell off on recession fears after weak jobs report
U.S. stocks fell sharply on Friday after a weaker-than-expected jobs report stoked concerns the economy could be slowing more quickly than analysts had expected. The Dow Jones Industrial Average, a benchmark index of 30 major U.S. companies, fell more than 900 points in morning trading on Friday and closed down 750 points, or 1.9 percent, […]
A closely tracked recession signal just got triggered by the July jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. Weaker than expected July employment report A reliable recession indicator The policy, closely watched by Wall Street, has rekindled concerns about the health of the U.S. economy and triggered a […]