Last month, the government reported America’s employers added 428,000 jobs in April, leaving the unemployment rate at 3.6%.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
U.S. pump prices hit record as OPEC+ producers gather
OPEC has thus far taken the stance that it can’t supply more oil to make up for production lost due to sanctions against Russia.
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Posted inBusiness, Nation & World
Biden cites strain on families from infant formula shortage
A third round of shipments will begin next week from Kendamil in Britain and Bubs Australia.
Posted inBusiness
U.S. job openings decline from record while remaining elevated
The report is seen by Fed officials as a sign the economy can take higher interest rates without a jump in unemployment.
Posted inBusiness
Sheryl Sandberg, longtime No. 2 executive at Facebook, stepping down
She was responsible for nurturing the socail media giant from its infancy into an over $100 billion-a-year powerhouse.
Posted inBusiness, Nation & World
Complaint: McDonald’s intentionally sold Muslim family bacon
The fish sandwich not only had bacon on it, but appeared to have extra bacon, the complaint says.
Posted inBusiness
Stocks slide as strong economic data raises rate worries
Daily market swings are now routine on Wall Street.
Posted inBusiness, Health, Nation & World
Pressure growing to remove contaminant PFAS from fast food wrappers
Environmental and health groups are pushing dozens of companies to remove PFAS from their packaging. Maine has a law banning PFAS from being purposely added to food packaging.
Posted inBusiness, Maine
Memorial Day weekend traffic on Maine Turnpike falls short of expectations
Vehicle transactions over the 4 days from Friday through Monday were lower than last year and well below the record set in 2019.
Posted inBusiness, Nation & World
Canceled flights mar first weekend of summer for travelers
Delta has the worst record with more than 800 cancellations over five days.