Tag: jobs
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Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. Boeing expects to report a loss of an $9.97 a share in the third quarter, the company said in a surprise release on Friday. It took charges in…
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Dow closes at record high after blow-out jobs report
Stocks advanced on Friday after an expectation-defying jobs report gave investors confidence around the health of the economy. The S&P 500 rose 0.9% to 5,751.07, while the Nasdaq Composite jumped 1.22% to 18,137.85. The Dow Jones Industrial Average added 341.16 points, or 0.81%, to notch an all-time closing high of 42,352.75. Stocks rallied after data showed nonfarm payrolls grew by 254,000 jobs in…
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Led by the South, clean energy sector added 150,000 jobs last year
Nearly 3.5 million people in the United States now work in the clean energy sector, according to a new report, with more than 1 million of those jobs in states across the South. The report, released Tuesday by the nonpartisan business group E2, found an uptick in employment in the clean energy industry in 2023,…