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.
Jobs
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.
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.”
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.
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).
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.
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.