February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts.
The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported.
Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…
US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study
Layoffs are sweeping across the country at a pace not seen in years, hitting government workers, retail employees, and tech professionals the hardest, according to a new study.
US employers announced 172,017 layoffs in February, the highest total since the height of the COVID-19 pandemic in July 2020, according to a report released by outplacement firm Challenger, Gray & Christmas on Thursday, Mar. 6. Last month's cuts were 245 percent higher than January and more than double the job losses from February 2024.
February marked a dramatic spike in job losses, as businesses and federal age…
Walmart To Lay Off, Relocate Over 800 Workers, Report Says
Over 800 employees across three Walmart regional facilities may face layoffs, according to a new report.
The affected locations include Hoboken, New Jersey, with 481 employees; Charlotte, North Carolina, with 267; and San Bruno, California, with 79, according to Supermarket News, which said some of the workers may choose to relocate in the weeks ahead.
While the offices in Hoboken and San Bruno will remain open, the Charlotte office is set to close, the outlet reported.
The Worker Adjustment and Retraining Notification (WARN) notices filed with state labor departments in New Jersey, …
Huntington Councilmember Claims 'Retaliation' After Board Eliminates All Staff Positions
A local lawmaker on Long Island is accusing her colleagues of retaliation after an unexpected vote led to her entire staff being fired.
The Huntington Town Board, by a vote of 4-1, eliminated all council staff positions, citing a push for "efficient government," during a meeting on Tuesday, evening Feb. 11.
Councilmember Brooke Lupinacci, who has been a vocal critic of what she's claimed are "conflicts of interest" by the board, accused her colleagues of retaliation.
“Last evening, Supervisor [Edmund] Smyth, and council members [Salvatore] Ferro, [Dave] Bennardo, and [Theresa] Mari, …
