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Economy

Photo of a GM worker at the factory in Ontario

GM to Slash 14,700 Jobs in North America

DETROIT — General Motors will lay off up to 14,000 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The salaried reductions amou...

Wages Surge as US Adds a Robust 250,000 Jobs in October

WASHINGTON — U.S. businesses ramped up hiring in October, and wages rose by the largest year-over-year amount in nearly a decade, a combination that is pulling a rising share of Americans into the job market. In the final major economic report before Tuesda...
100 dollar bills labelled Trump Effect

Beneath the Surface Risks Lurk for US: Zakaria

It's easy to get mesmerized by the daily news cycle focused on President Trump's unpredictable behavior, says Washington Post columnist Fareed Zakaria. The twin dramas of journalist Bob Woodward's explosive new...
Photo of a construction worker in Boston

Are You Getting a Raise? US Wages Climb Fastest Since 2009.

WASHINGTON — The pace of hiring in the United States quickened in August, and wages grew at their fastest pace in nine years — evidence that employers remain confident despite the Trump administration's ongoing conflicts with its trading partners. The econo...