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  • Apple's top manufacturer, Foxconn, is reportedly cutting 50,000 seasonal jobs earlier than usual amid slowing iPhone demand

    Top iPhone manufacturer Foxconn has let go 50,000 seasonal workers since October at its factory in China, according to a new report. Although these are temporary employees Foxconn hires under contract each year, these job cuts were made much earlier than usual, sources told the Nikkei Asian Review. These cutbacks follow news Apple would reduce its iPhone production by about 10% in response to slowing sales. Apple's production slowdown has not only affected Foxconn, but has also led to employee...

    Business Insider
  • Blockbuster Jobs Report: Employers Added 312,000 Jobs In December

    US employers added 312,000 jobs in December, well above what economists expected and underlining that the American economy remains strong despite recent market turbulence.

  • Strong jobs growth in December: Government reports 312,000 new jobs

    After a disappointing November, expect Donald Trump to come out bragging about a strong December jobs report: The economy added 312,000 jobs. Unemployment rose slightly to 3.9 percent, but not in a bad way—when people aren’t bothering to look for work, they don’t count as unemployed. Another 2.9 percent of people are working part-time involuntarily. There was a 3.2 percent year-over-year increase in wages. Putting it in perspective, the Economic Policy Institute’s Elise Gould writes...