A disappointing U.S. jobs report for May was particularly bleak for one sector i...
NEW YORK - A disappointing U.S. jobs report for May was particularly bleak for one sector in particular: American retailers.
The weakness of retail sector numbers stood out in a monthly U.S. employment report that fell well short of expectations overall, reflecting a broad-based cooling off in hiring by U.S. companies even as the national unemployment rate sits near a 50-year low. A handful of major, once-storied U.S. retail names have collapsed in the past several years from Toys ‘R’ Us to Sears Holdings Corp, and others have slashed jobs and closed hundreds of stores in hopes of reinventing themselves and adapting to changing consumer tastes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reviving manufacturing is a 'pipe dream': May jobs report shows meager 3,000 payroll increase'Mr. Trump for over two years has been huffing and puffing about reviving manufacturing employment. This is a pipe dream.'
Read more »
Justice Ginsburg warns the court may be sharply divided over final casesJustice Ruth Bader Ginsburg warned on Friday that the court is likely to be sharply divided in the coming weeks over some of the 'most watched' cases that remain -- perhaps even giving a clue to how justices will rule on the fight over the 2020 census.
Read more »
Record number of undocumented immigrants stopped at border in MayMay marked the third month in a row that more than 100,000 immigrants were taken into custody at the border amid a surge of migrants heading north in large groups from Guatemala, Honduras, and El Salvador.
Read more »
Trump tariffs may steer Mexican cows away from U.S. beef supplyU.S. President Donald Trump's plan to slap tariffs on imports of Mexican goods could slow another, often overlooked migration: the more than 1 million cows exported by Mexico across the border each year which become part of the U.S. beef supply. Tariffs on cattle crossing the border could raise
Read more »
Agriculture Secretary Sonny Perdue Perdue anxious that tariffs may interfere with ratification of USMCA: BloombergU.S. Agriculture Secretary Sonny Perdue said on Wednesday he is hopeful that the...
Read more »
Tiny shampoo bottles in hotels may be going away — here’s whyIn California, a proposed bill that would ban small plastic bottles containing personal care products in hotels is currently making its way through the state legislature. - TODAYShow
Read more »