Jobs

Biden Boasts His ‘Economy Has Created 668 Manufacturing Jobs’

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…
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FedEx Anticipates ‘Worldwide Recession,’ Announces Store Closures

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…
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The Story Behind Federal Government’s July Jobs Report

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

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…
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Renault Production May Be Impacted by Supply Chain Issues in Russia

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…
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