Economy and Jobs
Private employers added just 77,000 jobs in February, far below expectations, ADP says
Private sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday.
Companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 Dow Jones consensus estimate, according to seasonally adjusted figures from ADP.
DHS ends collective bargaining for TSA’s Transportation Security Officers
The Department of Homeland Security (DHS) says it is ending collective bargaining for Transportation Security Officers with the Transportation Security Administration (TSA).
In a release obtained exclusively by FOX Business, DHS said the TSA has more people doing "full-time union work" rather than performing screening functions at 86% of U.S. airports.
Private sector adds just 77K jobs in February, well below expectations, ADP says
Companies in the private sector added just 77,000 jobs in February, payroll processing firm ADP said on Wednesday.
Layoffs Surged In February To Highest Level Since 2020—Led By DOGE Firings
Employers revealed more job cuts in February than they had in any month since July 2020, according to a report released Thursday, with much of the reduction concentrated in efforts led by Elon Musk’s Department of Government Efficiency (DOGE).
US employers cut more jobs last month than any February since 2009
The Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoff plans last month, new data showed Thursday.
Trump administration ordered to reinstate thousands of fired USDA workers
Thousands of fired workers at the Department of Agriculture must get their jobs back for at least the next month and a half, the chair of a federal civil service board ruled Wednesday.
The ruling said the recent dismissals of more than 5,600 probationary employees may have violated federal laws and procedures for carrying out layoffs.
US Department Of Veterans Affairs To Cut More Than 70,000 Jobs
President Donald Trump's administration aims to cut more than 70,000 jobs from Department of Veterans Affairs (VA), which oversees veterans' health care and other benefits, Secretary Doug Collins said Wednesday.
The move to downsize the VA brings Trump's unprecedented cost-cutting efforts, led by billionaire adviser Elon Musk, into another sensitive area, with Democrats quick to voice their displeasure with the plan.
Lutnick Says U.S. Might ‘Work Something Out’ With Canada and Mexico
Commerce Secretary Howard Lutnick said President Donald Trump will “meet in the middle” with Mexico and Canada after 25% tariffs on America’s continental neighbors went into effect Tuesday. Lutnick told Larry Kudlow on Fox Business that he was on the phone with Mexican and Canadian officials all day, and he believes the president wants to “work something out with them.”
BlackRock strikes $23 billion deal to place Panama Canal ports under American control
The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Trump alleged Chinese interference with the operations of the critical shipping lane.
Chipmaker TSMC’s US-investment vow shows Asia a way around tariffs
The announcement that Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, will invest an additional US$100 billion in the United States – and avoid harmful tariffs – could inspire other major Asian firms to follow its lead and those of South Korean giants by making moves that could isolate mainland China, analysts said on Tuesday.