Frightening Jobs Report | October jobs report: US economy adds just 12,000 jobs (Strikes, Layoffs, Closings...)

October jobs report: US economy adds just 12,000 jobs

Snippet of Article: "...The US labor market added far fewer jobs than expected in October...Data from the Bureau of Labor Statistics released Friday showed the labor market added 12,000 payrolls in October, less than the 100,000 expected by economists. ...Additionally, labor force participation fell to 62.6% from 62.7%."

Source: finance.yahoo.com

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U.S. Economic Destruction Continues | PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs

PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs

Snippet of Article: "...PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also inking a deal to sell a sizeable chunk of its architectural business. Pittsburgh-based PPG said Thursday that the job cuts would primarily impact positions in the U.S. and Europe. ...PPG's recent cuts also arrive amid an environment of poor home sales. Existing U.S. home sales slipped 2.5% in August, the latest month with data available, as prices increased on an annual basis for the 14th consecutive month. And the average rate on a 30-year mortgage surged to 6.32% last week, below 2024's peak of 7.22% in May."

Source: www.cbsnews.com

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