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American businesses are on a hiring spree.The US economy added 313,000 jobs in February. That was much stronger than economists expected and the biggest gain since July 2016, according to Labor Department figures published Friday.The unemployment rate stayed at 4.1%, the lowest in 17 years.Wages grew 2.6% compared with a year earlier, a few notches below the pace in January. That delighted investors: The Dow was set to open up more than 150 points. More modest wage growth cools fears about inflation and rising US interest rates, both of which spooked the markets last month.In the first two months of the year, the United States has already added more than half a million jobs.Job gains for December and January were both revised higher. 757
American Airlines said Wednesday evening that it was moving ahead with furloughs for 19,000 employees as CARES Act stimulus funds expire.In a letter to employees, American Airlines CEO Doug Parker said the furloughs would begin Thursday."Despite enormous bipartisan support for an extension of the (Payroll Support Program), our elected officials have not been able to reach agreement on a COVID-19 relief package that would enable this extension," Parker wrote. "As a result, tomorrow, we will begin the difficult process of furloughing 19,000 of our hardworking and dedicated colleagues."Parker added that he spoke with Treasury Sec. Steve Mnuchin on Wednesday, who told him that the White House is continuing to negotiate with House Speaker Nancy Pelosi on another COVID-19 stimulus package that would include further stimulus for the airline industry."Unfortunately, there is no guarantee that any of these efforts will come to fruition," Parker wrote. "However, in an effort to encourage cooperation and keep hope alive for our team, I informed the Secretary that if these efforts to extend PSP are successful over the next few days, we will reverse our furlough processes and recall any impacted team members."Past by Congress and signed into law by President Donald Trump in March, the CARES Act included billion in stimulus for the airline industry in March. However, payroll support included in that package expired Thursday, as did a provision that required airlines who took the funds to hold off on mass layoffs and furloughs.In August, Delta Airlines also warned employees that furloughs and layoffs might be on the way if lawmakers could not pass another COVID-19 stimulus package. United Airlines announced Monday that it had reached an agreement with pilots to avoid furloughs through June 2021, but that pilots had agreed to reduce their working hours.According to figures from the Transportation Security Administration, the agency is routinely screening more than a million fewer airline passengers every day than it would have at the same point a year ago — an indication that demand for air travel is still lagging amid the COVID-19 pandemic. 2175
As baseball nears the two-week countdown to the start of its delayed season, the coronavirus pandemic continues to keep more players off the field. The latest big name to be sidelined by a positive test for the virus is Eduardo Rodriguez. He was expected to start on opening day for the Boston Red Sox. The San Francisco Giants suspended workouts at Oracle Park as they awaited the results of weekend tests. The Chicago Cubs’ workout was delayed. Red Sox prospect Bobby Dalbec also tested positive for the virus. The Washington Nationals and Houston Astros resumed workouts after canceling practices on Monday because of testing delays.Last week, MLB and the MLBPA jointly announced on Friday that 31 players tested positive for COVID-19 amid the first round of tests as players resume training ahead of this year’s shortened season.Teams began working out last week at ballparks across the US as the coronavirus-shortened season is slated to get underway in three weeks. As part of MLB’s plan to resume, players and support staff will be frequently tested for the virus. 1079
As Christmas approaches, Target is extending its store hours for holiday shoppers.On its website in its FAQ section, Target said most of its stores would open at 7 a.m. and close at 11 p.m. leading up to the holiday.But on Christmas Eve, stores will close at 8 p.m. Target is closed on Christmas Day.The retail store says hours can vary, so check the store locator before you head out.The company also announced that special hours for seniors and at-risk shoppers have also changed.According to Target, stores will open an hour early, but only on Tuesdays. Target added that if there are no "vulnerable guests" waiting to shop, the store could open to everyone, but that's being left up to the store leaders. 716
Anthony Borges, 15, was shot five times during the mass shooting at his high school, according to the Broward County Sheriff's Office.On Sunday, the injured teenager remained in a hospital bed with his face swollen and his body tethered to IV and oxygen tubes."Fortunately, he is recovering -- but has a long road ahead with more surgeries needed," according to a Broward County Sheriff's Office Facebook post. 424