47 h. ago US added 151,000 jobs last month but sees unemployment tick up in first report on Trump’s economy

Economists forecast that the figure would be 160,000 ahead of the eagerly awaited report

Politics

48 h. ago US unemployment rate rises to 4.1% as economy added 151,000 new jobs in February – business live

Rolling coverage of the latest economic and financial news, including February’s US jobs reportUS job market grows amid threats of mass federal layoffs and Trump tariffsThis has also been a rough week for the oil price.Brent crude, the international benchmark, has dropped by 4% so far this week to just over $70 per barrel.Trump paused tariffs and the market sold off. The old adage that the market hates uncertainty rings true. How the heck are you supposed to make investments or plan?The Nasdaq ended the session down 2.6%, while the S&P 500 finished 1.78% lower. Both are headed for weekly losses of around the 4% mark. Continue reading...

Society

48 h. ago US adds 151,000 jobs last month but sees unemployment tick up in first report on Trump’s economy

Economists forecast that the figure would be 160,000 ahead of the eagerly awaited report, which follows a month of widespread federal layoffs, tough immigration crackdowns and Trump’s trade tariffs

Politics

48 h. ago US economy undershoots expectations with 151,000 jobs created

February figure was below the 160,000 forecast by economists

Events

49 h. ago US economy undershoots expectations with 151,000 jobs created in February

February figure comes in below 160,000 forecast

Events

51 h. ago US economy likely generated 160,000 jobs last month despite uncertain outlook

The US labor market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants

Politics

57 h. ago U.S. economy likely generated a solid 160,000 jobs last month, but Trump's trade wars cloud outlook

The U.S. labor market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants

Politics

3 d. ago Trump administration plans to cut 80,000 employees from Veterans Affairs, according to internal memo

The Department of Veterans Affairs is planning an “aggressive” reorganization that includes cutting 80,000 jobs from the sprawling agency that provides health care for retired military members

Politics

4 d. ago IRS planning to cut nearly 50,000 jobs in the middle of tax season

The IRS is drafting plans to try to cut its workforce of roughly 90,000 people - right as tax season heats up

Politics

9 d. ago Ocado to cut 'significantly' fewer than 1,000 jobs as it trims R&D workforce

The group, which runs robotic warehouses for other chains alongside its Ocado Retail business as a joint venture with M&S, said it was trimming investment on R&D to cut costs, having spent more than £800m in this area over the past four years

Politics

1 week ago New blow for the electric car revolution: Audi EV mega factory closes for good in Belgium due to tanking global demand with 3,000 jobs cut

Audi first announced plans to restructure the Brussels plant back in July, with suggestions that it was considering an early end to production there sparking huge protests in the months since.

Events

1 week ago Thousands of women losing jobs every year for getting pregnant, study shows

A report estimated that as many as 74,000 women are forced to leave their job every year because they are pregnant or on maternity leave, a number that has almost doubled in a decade

Politics

1 week ago More than 500,000 benefit claimants who are out of work because they're sick have NEVER had a job

More than 500,000 people receiving benefits for health reasons have never had a job as Work and Pensions Secretary Liz Kendall has vowed to get more Brits into work

Politics

1 week ago Sadiq Khan launches Growth Plan in bid to 'turbocharge' London economy

Sir Sadiq’s new strategy aims to ‘create 150,000 good jobs, build more affordable homes, and deliver major new transport upgrades’

Politics

1 week ago Elon Musk ‘doesn’t give a s**t’ that he’s making Trump’s job ‘1000 times harder,’ warns Mark Cuban

Tech billionaire and DOGE king Elon Musk is on track to make Donald Trump’s job dismantling the federal government “1,000 times harder” — and Musk couldn’t care less, Shark Tank entrepreneur Mark Cuban warned at a political conference

Events

1 week ago Nearly 6,000 veterans have lost jobs in Musk purge, Democrats say

If DOGE chief does trim down 75 percent of the federal workforce, up to 500,000 veterans could lose their jobs

Politics

1 week ago ‘We’re being treated as grifters or terrorists’: US federal workers on the fear and chaos of their firings

An educator, archaeologist and scientist were among the thousands of government workers culled by Musk’s agencyThe Trump administration has fired at least 20,000 government employees in its first month, as Elon Musk’s so-called “department of government efficiency” (Doge) dramatically overhauls work at federal agencies. Some economists have speculated that these terminations, which could affect nearly 300,000 workers, will be the biggest job cuts in US history.Most of the workers cut were in probationary periods and lacked job protections that come with longer terms of employment. In social media spaces, especially the r/fednews subreddit, these workers described scenes of confusion and feelings of anger directed at Musk, an unelected billionaire dubbed a “special government employee” by the White House. Last week, unions for federal workers sued the Trump administration for unlawfully using probationary periods to cut staff. Continue reading...

Events

1 week ago Apple announces $500bn in US investments over next four years

Spending ranges from new AI server factory in Texas to film and TV content and may add 20,000 jobsApple said on Monday it would spend $500bn in US investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time.That $500bn in expected spending includes everything from purchases from US suppliers to US filming of television shows and movies for its Apple TV+ service. The company declined to say how much of the figure it was already planning to spend with its US supply base, which includes firms such as Corning that makes glass for iPhones in Kentucky. Continue reading...

Economics

1 week ago Apple announces $500B investment in America including 20,000 new jobs and a new AI factory in Texas

The Silicon Valley tech giant pledged its 'largest-ever spend commitment' after Trump pushed companies to shift their manufacturing back home.

Economics

1 week ago Apple announces plans to create 20,000 US jobs in latest pitch to Trump

iPhone maker commits to building a facility in Houston at a time when it is vulnerable to new tariffs on China

Politics