Tag: jobs
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U.S. employers added 528,000 jobs; unemployment falls to 3.5%
WASHINGTON (AP) — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession. July’s hiring was up from 398,000 in June. The unemployment rate slipped to 3.5%. The U.S. economy shrank in the first two quarters of 2022 — an informal definition of…
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SK Group to spend $22B on U.S. semiconductor, green energy projects, creating 16,000 jobs
The SK Group, South Korea’s second-largest conglomerate, announced Tuesday that it will spend $22 billion in the United States to fund semiconductor, green energy and bioscience projects. The investments will expand SK’s American workforce from 4,000 to 20,000 by 2025, President Biden said at a White House event with SK Group Chairman Chey Tae-Won to…
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Ford to cut 8,000 jobs to increase investment in electric vehicles: Report
Ford is expected to cut 8,000 jobs in the next few weeks to dedicate more funding for the company’s electric vehicle projects, according to a new report. Bloomberg News reported that the cuts will be mostly concentrated in the company’s Ford Blue unit that focuses on gas-powered cars, such as the F-150, Mustang and Bronco…