Jobs increase by large amount in U.S. last month, surprising experts

Many experts expected job numbers to fall last month. Instead, they increased, suggesting a lot more hiring is likely to come.

US job growth soars past expectations with 467,000 added, shaking off omicron surge

U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.

Starbucks to raise menu prices to offset inflation

The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.

California's EDD director announces resignation, governor to swear in successor Tuesday

The director of California’s Employment Development Department is stepping down, a little more than a year after she was hired to clean up the embattled department.

Unemployment claims drop for the first time in a month

The Labor Department reported Thursday that jobless claims fell by 30,000 to 260,000 last week, slightly less than the 265,000 analysts were expecting.

Disability claims still in limbo as California EDD battles fraud

As scammers target California's disability insurance program, numerous legitimate claimants have had their benefits cut off after the Employment Development Department froze their claims.

Netflix stock plunges as subscriber growth worries deepen

Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader. 

Unemployment claims climb to 286,000, the most since October

Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.

California EDD freezes 345,000 disability insurance claims

California's Employment Development Department has frozen 345,000 claims for disability benefits while it investigates fraud and a widespread identity theft scam. The EDD's suspicions were piqued by a sudden surge in applications for benefits.

Inflation surges in December to highest rate since 1982

Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.