Layoffs across the U.S. fell last month to their lowest level in four years, new labor data shows, a sign the job market remains resilient even as hiring slows. Employers announced 52,881 job cuts in August, down 38% from the 85,979 layoffs announced during the same month a year ago, according to a report from…
Icelanders have rejected plans to resume negotiations to join the European Union more than a decade after previous talks stalled, the national broadcaster reported Sunday. In a vote held Saturday, 52.8 percent of Icelanders rejected the resumption of EU entry talks suspended 13 years ago, while 47.2 percent voted ‘Yes’, according to the official tally…
Meta, the owner of Facebook and Instagram, settled a landmark social media addiction lawsuit on Wednesday brought by dozens of states, according to a court filing. Meta agreed to pay up to $17 billion to the states that sued and add child-safety measures to its platforms. The settlement resolves claims filed by 47 states and…
The U.S. job market is less robust than it looks, according to a new analysis. The nation’s unemployment rate fell to 4.1% in July, well within the range economists consider healthy. Yet that measure, which reflects the percentage of people over the age of 16 who don’t have a job and who are looking for work,…
The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists’ expectations and signaling the job market may be slowing. By the numbers Economists polled by FactSet forecast employers added 95,000 jobs in July. The unemployment rate in July stood at 4.1%, down from 4.2% in June. The Labor Department also revised down the May…
