Employers added 139,000 jobs
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President Donald Trump has long touted the importance of manufacturing jobs in America. But the U.S. aviation industry is facing a wave of retirements for aircraft technicians and other skilled aviation workers.
An engineering firm has announced it is to close with the loss of 130 jobs.Administrators Leonard Curtis have been appointed to Workington Engineering Limited, trading as Chapel Bank Engineering in Workington,
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U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over Trump’s trade wars.
Procter & Gamble is slashing up to 15% of its non-manufacturing positions over the next two years as part of a broader restructuring effort. The cuts will affect up to 7,000 roles.
President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H. Powell.
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The U.S. labor market is showing signs of resilience, amid higher tariffs, stock market volatility and federal government cuts.
Stocks rose on Wall Street following a better-than-expected report on the U.S. job market. The S&P 500 climbed 1% Friday, marking its second weekly gain in a row.
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