Unemployment
With Surge in July, U.S. Recovers the Jobs Lost in the Pandemic
U.S. job growth accelerated in July across nearly all industries, restoring nationwide employment to its prepandemic level, despite widespread expectations of a slowdown as the Federal Reserve raises interest rates to fight inflation. Employers added 528,000 jobs on a seasonally adjusted basis, the Labor Department said on Friday, more than doubling what forecasters had projected. […]
Know More
How a Flight Attendant Became a Funeral Planner in the Covid Era
HONG KONG — Before she became a funeral planner, Connie Wong was a flight attendant for a Hong Kong airline. The sudden end of a career she had cherished for six years brought its own kind of grief, she said. It was one of many such losses experienced by residents of the Chinese territory. Hong […]
Know More
U.S. Economy Added 372,000 Jobs in June, Defying Slowdown Fears
The U.S. economy powered through June with broad-based hiring on par with recent months, keeping the country clear of recession territory even as inflation eats into wages and interest rates continue to rise. Employers added 372,000 jobs, the Labor Department reported Friday, and the unemployment rate, at 3.6 percent, was unchanged from May and near […]
Know More
Crypto Crash Widens Divide Between Rich and Amateur Traders
ENGLEWOOD, Colo. — The cryptocurrency market was in ruins. But Tyler and Cameron Winklevoss were jamming. The billionaire twins, best known for their supporting role in the creation of Facebook, twirled and shimmied across the stage with their new cover band, Mars Junction, at a concert venue outside Denver last week, the latest stop on […]
Know More
How Inflation Is Altering People’s Behavior
Americans are suffering from sticker shock. With inflation running at 8.6 percent, its fastest pace in 40 years, people are balking at the rising cost of everything from groceries to gas. In May 2021, the average price of a dozen large eggs was $1.60. A year later, it was $2.80 — an increase of 75 […]
Know More
Hiring Remains Strong Even as Fed Tries to Cool Economy
But a broad range of economists and policymakers, including Jerome H. Powell, the Fed chair, stress that more modest wage gains when paired with milder prices will be more sustainable for all workers, who are also consumers, in the long run. “The Fed at this point is saying, look, we’d rather head off inflationary pressures, […]
Know More
April Jobs Report: Gain of 428,000 Shows Vibrant Labor Market
The U.S. economic rebound from the pandemic’s devastation held strong in April with another month of solid job growth. Employers added 428,000 jobs, matching the previous month, the Labor Department reported Friday, with the growth broad-based across every major industry. The unemployment rate remained 3.6 percent, just a touch above its level before the pandemic, […]
Know More
‘La French Tech’ Arrives Under Macron, but Proves No Panacea
PARIS — In full Steve Jobs mode, President Emmanuel Macron of France donned a black turtleneck in January and took to Twitter to celebrate the creation in France of 25 “unicorn” start-ups — companies with a market value of over 1 billion euros, or almost $1.1 billion. He declared that France’s start-up economy was “changing […]
Know More
For Macron, France’s Troubled Industries Hit Home
AMIENS, France — During the last presidential campaign, the troubled Whirlpool factory in the northern city of Amiens became the setting for frantic, dueling appeals for support by Emmanuel Macron and his far-right rival, Marine Le Pen. Mr. Macron promised to save the plant — which happens to be in his hometown — and once […]
Know More