Jobs Archives - Slay News

Top Biden Donor: ‘Manufacturing Is a Fetish for Keeping White Males with Low Education in Powerful Positions’

An influential donor to Democrat President Joe Biden has claimed that the idea of preserving domestic manufacturing is a "fetish." Top Washington D.C. think tank head and Democratic Party financier Adam Posen argues that people oppose offshoring because they want to keep "white males with low education in the powerful…

Biden Boasts His ‘Economy Has Created 668 Manufacturing Jobs’

Democrat President Joe Biden has boasted that he has created "668 manufacturing jobs" in America since taking office. Biden gloated about his economy during a Thursday speech in Poughkeepsie, New York. The president had traveled to the city to tour the IBM facility. During his visit, Biden delivered remarks on…

Trump-Voting Areas Recouping Pandemic Job Losses Faster Than Biden-Voting Areas, Study Shows

Ares of the United States that had a higher number of votes for President Donald Trump over Joe Biden in the 2020 election have recouped more jobs lost during the pandemic that Biden-voting parts of the country, a new study has found. Trump voting counties across the U.S. quickly recouped…

FedEx Anticipates ‘Worldwide Recession,’ Announces Store Closures

FedEx has sounded the alarm on a global recession and revealed that it will be closing multiple stores amid “significantly worsened” economic trends. The company's CEO Raj Subramaniam made the comment during an interview with CNBC’s Jim Cramer on Thursday. He was asked by Cramer if he believed the economy…

Feds ‘Added’ 1.3 Million Jobs by Double-Counting This Year, Top Economist Says

The U.S. federal government has produced higher than expected jobs numbers by double-counting figures this year, a top economist has stated. Throughout this year, the monthly jobs reports have been repeatedly topping market estimates. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively. The…

The Story Behind Federal Government’s July Jobs Report

Democrat President Joe Biden is celebrating the better-than-expected July jobs report, calling it “the result of my economic plan to build the economy from the bottom up and middle out.” The White House had initially anticipated a lower figure ahead of the report's Friday release. However, the Biden administration…

Elon Musk Has ‘Super Bad Feeling’ about Economy, Plans to Slash 10% of Jobs at Tesla

Elon Musk has warned he has a “super bad feeling” about Democrat President Joe Biden’s economy and plans to slash 10 percent of the workforce at Tesla. Musk says he will also "pause all hiring worldwide," according to a leaked email obtained by Reuters. In the email, Musk raised concerns…

US Economy Adds 428,000 New Jobs in April, Beating Forecasts

America's economy added 428,000 jobs in April, beating previous employment forecasts, according to the Bureau of Labor Statistics (BLS). The figure tops the market forecast of 391,000 for the month, the latest figures show. The unemployment rate is unchanged at 3.6 percent, however. Average hourly earnings rose at an annualized…

Renault Production May Be Impacted by Supply Chain Issues in Russia

French automaker Renault has warned that its production may be severely impacted due to supply chain issues in Russia. The company is concerned about the stability of its supply chains in Russia amid rising tensions between the country and Ukraine. Should a conflict break out, it will have repercussions for…

Weekly Unemployment Claims Soar, Indicating Omicron Hit to Jobs Recovery

The number of weekly unemployment claims for American workers has spiked, indicating that the recent Omicron surge has hit the U.S. jobs recovery hard. In the first week of the year, the number of U.S. workers filing weekly jobless claims—a proxy for layoffs—rose by 23,000 from the prior week. The…