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EMPLOYMENT NEWS

  • Stocks hold steady as Fed-fueled rally fades

    Stocks hold steady as Fed-fueled rally fades

    Stocks held steady on Wall Street on Thursday, and bond prices gave back some of their big gains from the prior day as a rally fueled by the Federal Reserve's Wednesday announcement on interest rates faded. The Standard & Poor's 500 index fell 3.88 points, or 0.2%, to 2,381.38. The Dow Jones industrial...

  • GoPro to lay off 270 workers in an effort to cut costs

    GoPro to lay off 270 workers in an effort to cut costs

    After mounting quarterly losses, botched product launches, and having its stock price hit record lows, camera maker GoPro on Wednesday announced it would cut 270 full-time jobs to lower operating expenses. The San Mateo, Calif., firm said in a news release that the cuts would not affect its plans...

  • U.S. businesses add most jobs in seven months, ADP says

    U.S. businesses add most jobs in seven months, ADP says

    Private employers added a surprisingly strong 246,000 net new jobs in January, the most in seven months, payroll firm Automatic Data Processing said Wednesday. The job growth was well above the 151,000 figure from December, which was revised down slightly. Economists had anticipated a smaller increase...

  • Fitbit shares dive 16% after holiday sales disappoint; layoffs coming

    Fitbit shares dive 16% after holiday sales disappoint; layoffs coming

    Fitbit Inc. shares dropped 16% on Monday after the maker of fitness trackers said its holiday sales were lower than expected and announced layoffs and other steps to cut costs. Weeks after the announcements of two smartwatch-related acquisitions, Fitbit said it would cut about 110 of its employees...

  • California Inc.: Is it safe to reopen Aliso Canyon gas storage field?

    California Inc.: Is it safe to reopen Aliso Canyon gas storage field?

    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. Traders get back to business Monday after a week in which the Dow Jones industrial average...

  • Trump tells auto CEOs that environmental regulations are 'out of control'

    Trump tells auto CEOs that environmental regulations are 'out of control'

    President Trump told leaders of the country's largest automakers Tuesday that he will curtail "unnecessary" environmental regulations and make it easier to build plants in the U.S., changes that he expects will shore up the manufacturing jobs he repeatedly promised to voters on the campaign trail....

  • California gains 3,700 jobs in December, pushing unemployment down to 5.2%

    California gains 3,700 jobs in December, pushing unemployment down to 5.2%

    California employers capped off a solid year of job growth in 2016 by adding a net 3,700 jobs during the month of December, the Employment Development Department reported Friday.  The unemployment rate was 5.2%, down from 5.3% in November. The national jobless rate was 5% in December.  “An unemployment...

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