JOBS

EMPLOYMENT NEWS

  • U.S. gains more jobs than expected; unemployment matches 18-year low

    U.S. gains more jobs than expected; unemployment matches 18-year low

    U.S. employers extended a streak of solid hiring in May, adding 223,000 jobs and helping lower the unemployment rate to an 18-year low of 3.8%. The Labor Department says average hourly pay rose 2.7% from a year earlier, a slightly faster annual rate than in April. But pay growth remains below levels...

  • California Inc.: Culver City pot shop set to go public — in Canada

    California Inc.: Culver City pot shop set to go public — in Canada

    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. Markets are closed for Memorial Day, giving investors another day off to digest President...

  • California Inc.: From a galaxy far, far away ... heeere's Han!

    California Inc.: From a galaxy far, far away ... heeere's Han!

    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. Good news for the Golden State on Friday with word that California added 39,300 net new...

  • Now hiring for one day: Retailers are embracing the gig economy

    Now hiring for one day: Retailers are embracing the gig economy

    Aaron Stallings, who used to work as a bill collector for Capital One, says he's no longer interested in having a full-time job. Instead, for the past year, he has cobbled together work — 50, sometimes 60 hours a week — by parachuting into restaurants in Richmond, Va., that have last-minute openings...

  • U.S. economic growth slows despite Trump's tax cuts

    U.S. economic growth slows despite Trump's tax cuts

    The nation’s economic growth slowed in the first three months of the year despite large tax cuts kicking in, raising new questions about whether the U.S. can reach the growth levels President Trump has promised. Total economic output, known as gross domestic product, expanded at a solid 2.3% annual...

  • U.S. businesses raise workers' pay at fastest pace in 11 years

    U.S. businesses raise workers' pay at fastest pace in 11 years

    U.S. private-sector workers received the biggest pay raise in 11 years in the first three months of the year, a sign that the tight job market is slowly lifting wages. The Labor Department said wages and salaries in the private sector rose 1% in the January-through-March quarter compared with the...

  • California loses jobs in March, though unemployment stays at a record low

    California loses jobs in March, though unemployment stays at a record low

    In a signal that California’s economic engine could be slowing after a remarkable run, the state lost 7,200 net jobs last month and increases in February were far less than originally estimated, according to data released Friday by the Employment Development Department. The decline was the first...

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