Walmart Hikes Minimum Wage, Announces Layoffs on Same Day

January 11, 2018

Walmart on Thursday said it will raise entry-level wages for US hourly employees to $11 an hour in February as it benefits from last month’s major corporate tax cut and on the same day said it will shut stores and lay off thousands of workers. The world’s […]

US December Payroll Gains Short of Estimates

January 5, 2018

US job growth slowed more than expected in December amid a decline in retail employment, but a pick-up in monthly wage gains pointed to labor market strength that could pave the way for the Federal Reserve to increase interest rates in March. […]

US Layoffs Hold Steady as 2017 Winds Down

December 28, 2017

The number of Americans filing new applications for unemploy-ment benefits held steady last week near historically low levels, the latest evidence of health in the US economy as 2017 draws to a close. Initial jobless claims, a proxy for layoffs […]

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