Buck Bully
Business Articles
[CNBC, GETTY] While the U.S. labor force participation rate remains well below pre-pandemic levels, with April’s nonfarm payrolls growing by just 266,000 against forecasts of 1 million, workers’ wages have risen at their sharpest pace in years, and new unemployment filings continue to fall. McDonald’s, Chipotle, Bank of America and […]
[Los Angeles Times] The federal government’s massive Paycheck Protection Program, which has been a lifeline for small businesses hit by the pandemic, has become so mired in confusion and delays as money runs out that hundreds of thousands of applicants may get no help, especially in underserved minority communities. During […]
[Business Insider] Customers say Tesla’s ultrasleek, expensive Solar Roofs and panels come with nightmare customer service, often leaving them with unanswered calls and emails for months on end. Tesla Energy charges customers tens of thousands of dollars for solar roofs. Recently Tesla Energy jacked up prices on individual contracts, which […]
[CNN] The Labor Department has exhausted its options for continuing to pay an extra $300 a week in federal unemployment benefits to jobless people in the 22 GOP-led states that are ending them early, an administration official told CNN Thursday. Roughly 3.6 million out-of-work Americans will forgo a total of $21.7 billion […]
[CNBC] When the Paycheck Protection Program ran out of funding the first week of May – weeks ahead of its May 31 deadline – it was a huge surprise to the staff of El Museo del Barrio in New York. The Latino cultural institution in upper Manhattan was counting on […]
[CNBC] The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008. Economists surveyed by Dow Jones had been looking for an increase of 3.6%. One big reason for the acceleration was base effects – at this time a year ago, the economy was […]
[USA TODAY, AP] The nationwide worker shortage that held down U.S. job growth last month boils down to this: America’s workers are raking in lots of money but they have fewer places to spend it. Businesses that can’t find enough workers are pushing their existing staffers harder, converting part-time employees […]
[Business Insider] Walmart has challenged a logo’s trademark application submitted by Kanye West’s Yeezy brand. Walmart says Yeezy’s logo is so similar to its own that people may think the brands are affiliated. The company said in a USPTO filing first reported by Bloomberg that this could hurt Walmart’s brand. Walmart has filed a […]
[NPR, Getty Images] Hiring accelerated last month as U.S. employers added 916,000 workers to their payrolls. It was the largest job gain since August, fueled in part by an improving public health outlook and a new round of $1,400 relief payments. The unemployment rate dropped to 6%, from 6.2% in […]
[CNBC, GETTY] Employment statistics for women of color were not only more severe when the Covid-19 pandemic began, but are more sluggish in improving. For white workers, the unemployment rate fell to 5.6% in February. But for Black and Hispanic workers, reported jobless rates were 9.9% and 8.5%, respectively. But […]