The Bureau of Labor Statistics released the jobs report for December on Friday, showing an unusual slowdown in growth for a month where consumer spending typically generates much higher numbers. Job growth increased by around 50,000, the report noted. Unemployment remained relatively unchanged from November, going from 4.5 percent in that month to 4.4 percent in December.
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A new report examining worker layoffs in the United States this year finds that the numbers through October closely resemble those seen during recessions in the past. The report from Challenger, Gray & Christmas, a private firm that tracks workplace hirings and firings across the country, found that there were 153,074 layoffs reported last month alone, a 183 percent increase from September.
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As the federal government shutdown drags on, the Trump administration has doubled down on a tactic of dubious legality that it has been pursuing since January: cancelling federal funding for already congressionally approved projects in blue cities and states. Back in the summer, the administration pulled $4 billion from the California high speed rail project. It followed up a month later by…
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