US economy added a whopping 254,000 jobs last month
CNN
Economists had projected the US added 140,000 jobs in September and the unemployment rate held steady at 4.2%.
•The US economy added 254,000 jobs last month and the unemployment rate dropped to 4.1%. •That’s a huge boost for a labor market that has shown signs of weakness. •Economists had projected 140,000 jobs were added in September and that the unemployment rate held steady at 4.2%. •The jobs report has moved back into the spotlight now that the Federal Reserve has all but declared victory on inflation and is focused on keeping the labor market healthy. When looking at the monthly jobs report, it’s important to keep in mind that data is volatile, it is fluid, and it will be revised as more comprehensive information becomes available. “It’s difficult to get an accurate first-time read on the labor market, so we always want to have some healthy skepticism,” Josh Hirt, senior US economist at Vanguard, told CNN on Friday. “It is very common that these do get revised.”
Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals.
Two months ago, JPMorgan Chase CEO Jamie Dimon defended President Donald Trump’s tariff policy with a curt message: “Get over it.” But with stock markets lower and cracks appearing to form in the US economy, Dimon himself might not be over it.
The US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing “severe resource shortfalls in terms of both money and personnel.”
There may be some cracks forming in the egg market.
Ruth Marcus, who recently resigned as a Washington Post columnist after four decades, said she parted ways with the paper following a spiked opinion piece on the paper’s billionaire owner because her job is to tell readers “what I think, not what Jeff Bezos thinks I should think.”
CNN is tracking price trends for various household staples each month as new factors threaten to increase costs.
Inflation slowed in February for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.
With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out.
American consumers – and their wallets – are the engine of the economy. But they’re now showing the strain of inflation, President Donald Trump’s tariffs and a stock market plunge.
Elon Musk has secured a major win in India by signing two back-to-back deals to bring SpaceX’s Starlink satellite internet services to the country.
President Donald Trump imposed a sweeping 25% tariff on all steel and aluminum imported into the United States early Wednesday, a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.
Meta is once again facing allegations from a former employee that a growth-at-all-costs culture has caused offline harm.
It was almost an extraordinary scene in front of the White House. As Tesla shares have been tanking since the year began, President Donald Trump held remarks outside of the White House with the company’s CEO and Department of Government Efficiency Head Elon Musk – all in front of a line of shiny Tesla vehicles.