U.S. Payrolls Rise By Only 1000 Jobs In December
January 9, 2004
The Labor Department reported only a slight improvement in the jobless rate today as compared to the 150,000 additional jobs expected by analysts. The unemployment rate decreased to 5.7 percent from 5.9 percent. Retail businesses dropped 38,000 workers last month on the tail of a decline of 28,000 jobs in November.
Recent News
Honda Invests $11 Billion in Canadian EV Hub
Honda Motor, in partnership with undisclosed joint venture collaborators, has announced an $11 billion investment in Ontario, Canada, to establish a robust electric vehicle infrastructure.
Young Affluent Consumers Embrace Luxury Sleep Brands
A rising trend among young affluent consumers is the integration of luxury sleep brands.
Aramark Workers Strike Again at Wells Fargo Center
Aramark workers at the Wells Fargo Center have gone on strike to demand better wages and health care benefits.
Elon Musk’s OpenAI Rival xAI Is Raising $6 Billion in Funding
Elon Musk’s xAI, which came to the market 10 months ago to compete with OpenAI, has raised almost $6 billion in funding.