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  • Sarah Huckabee Sanders made a false claim about black employment. She's issued a rare apology

    Sarah Huckabee Sanders made a false claim about black employment. She's issued a rare apology

    President Trump and administration officials frequently overstate the strength of the labor market and their role in it, but now, a top White House official has admitted she went too far with the latest claim about black employment. White House Press Secretary Sarah Huckabee Sanders has issued...

  • Aviation support company plans 830 layoffs at LAX

    Aviation support company plans 830 layoffs at LAX

    Despite surging demand for air travel, a Swiss aviation service company is cutting 830 jobs and ending all of its ground handling and transportation services at Los Angeles International Airport, citing “market conditions.” Swissport, which provides baggage handling, cabin cleaning and other services...

  • California Inc.: Hopes riding high for 'Crazy Rich Asians'

    California Inc.: Hopes riding high for 'Crazy Rich Asians'

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week. Consumer spending accounts for about two-thirds of U.S. economic activity, so it’s no small...

  • U.S. wage growth is getting wiped out by inflation

    U.S. wage growth is getting wiped out by inflation

    U.S. workers' paychecks are worth less than they were a year ago, the Labor Department reported Friday, as modest wage gains have not kept pace with inflation. Prices rose 2.9% from July 2017 to July 2018, the Labor Department said, while average hourly pay increased 2.7% in the same period. The...

  • Chicago Tribune's owner considering bid for company, sources say

    Chicago Tribune's owner considering bid for company, sources say

    Less than two months after selling the Los Angeles Times, Tronc is weighing an offer to sell the Chicago Tribune and the rest of its newspaper holdings to a private equity firm, sources close to the company said Wednesday. A bid of between $19 and $20 per share is on the table, according to sources....

  • American workers' willingness to quit their jobs hits 17-year high

    American workers' willingness to quit their jobs hits 17-year high

    The proportion of American workers who quit their jobs in May reached the highest level in 17 years, a sign that more people are confident they can find a new job, probably at higher pay. Businesses advertised fewer jobs in May than the previous month, but the tally of open positions still outnumbered...

  • California Inc.: A tough job market for recent college grads

    California Inc.: A tough job market for recent college grads

    Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the highlights of last week. A trade war with China erupted Friday. Retailers immediately started fretting that this...

  • U.S. adds 213,000 jobs in June; unemployment edges up as more people seek work

    U.S. adds 213,000 jobs in June; unemployment edges up as more people seek work

    U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China. The job growth wasn't enough to keep the unemployment rate from rising to 4% from 3.8%, the government said Friday. But...

  • Employers are finally ready to talk about how much they pay

    Employers are finally ready to talk about how much they pay

    Up until recently none of the 170 employees working at Verve, a marketing company, knew what anyone else made. Now, everyone’s salary is listed on an internal document for everyone to see. By 2019, all 1,100 employees at CareHere, a Nashville-based healthcare company, will know the pay ranges for...

  • The economy is hot, yet many U.S. workers feel left behind. A new report sheds some light

    The economy is hot, yet many U.S. workers feel left behind. A new report sheds some light

    The U.S. labor market is hot. Unemployment is at 3.8%, a level it’s hit only once since the 1960s, and many industries report deep labor shortages. Old theories of what’s wrong with the labor market — such as a lack of people with necessary skills — are dying fast. Earnings are beginning to pick...

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