The Bureau of Labor Statistics reported that job creation in January fell short of expectations, with nonfarm payrolls increasing by 143,000, down from 307,000 in December. Despite this, worker wages saw a sharp rise. The unemployment rate dipped to 4%, and significant revisions to 2024 totals showed downward changes to previous payrolls levels but upward revisions to the number of employed individuals.
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Why GE Appliances says it’s ready to bring 800 jobs back to the U.S.
GE Appliances is accelerating its plan to move jobs back to the U.S., driven by U.S. trade policy and tariffs on imports from China, according to executive Lee Lagomarcino. The company announced a $490 million investment in a Kentucky plant to create 800 jobs, aiming to enhance local manufacturing and development, with operations expected to start by early 2027. Explain It To Me Like I'm 5: GE Appliances is moving its washing machine and dryer...
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