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Thursday, July 16, 2026 National Edition
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U.S. Economy Sheds 23,000 Jobs in July, Deepening Labor Market Slowdown

U.S. Economy Sheds 23,000 Jobs in July, Deepening Labor Market Slowdown

The U.S. economy shed 23,000 jobs in July, the Labor Department’s Friday jobs report showed, a contraction economists had not expected after months of modest growth. The unemployment rate ticked down to 4.1%, but only because hundreds of thousands of people stopped looking for work altogether. Key Takeaways The U.S.

US Employers Cut 23,000 Jobs in July, Deepening Labor Market Slowdown

US Employers Cut 23,000 Jobs in July, Deepening Labor Market Slowdown

U.S. employers cut 23,000 jobs in July, the Bureau of Labor Statistics said on August 7, missing consensus forecasts that called for gains of roughly 83,000 positions. The unemployment rate ticked down to 4.1%, but the drop came alongside a shrinking labor force rather than a hiring surge. Key Takeaways

Remote Work Tax Traps: State Income Rules When You Cross Borders

Remote Work Tax Traps: State Income Rules When You Cross Borders

Working remotely across state lines creates tax filing obligations in multiple states, and the rules determining where someone owes income tax differ sharply depending on residence, physical location, and employer headquarters. A software developer living in Florida while working for a New York company faces different liabilities than a consultant

Manufacturing Reshoring Barriers Keep Production in China

Manufacturing Reshoring Barriers Keep Production in China

Labor shortages, supply chain gaps, and policy uncertainty block American manufacturers from relocating production despite tariffs and government incentives pushing them to reshore from China. Manufacturing reshoring barriers have stopped the wave of factory relocations cold, leaving many firms stuck in overseas supply chains they once hoped to abandon. Policy

The Great Fire of 1835: How It Changed the Future of New York City

The Great Fire of 1835: How It Changed the Future of New York City

The Great Fire of 1835 was a devastating event that forever altered the landscape of New York City. In just one night, a significant portion of Manhattan’s commercial district was reduced to ashes, leaving the city in shock. But from the ashes rose a new and improved New York, shaped

U.S. Jobless Claims Fall to 215,000 as Employers Hold Staff but Freeze Hiring

U.S. Jobless Claims Fall to 215,000 as Employers Hold Staff but Freeze Hiring

U.S. initial jobless claims dropped to 215,000 for the week ending July 4, the Department of Labor reported Thursday, falling below the 220,000 forecast by FactSet analysts and extending a months-long pattern of historically low layoff activity. The figure declined by 2,000 from the prior week’s revised 217,000, but the